What Are Examples Of Pricing Models?
There are various types of pricing models used in businesses. Some examples include cost-plus pricing, where a markup is added to the manufacturing or service cost to set the selling price; value-based pricing, where the price is based on the perceived value of the product or service to the customer; subscription pricing, where customers pay a recurring fee for access to a product or service; dynamic pricing, where prices are adjusted based on demand and supply; and promotional pricing, where prices are temporarily reduced to attract customers or increase sales.