Matching Pairs Purchasing StrategiesOnline version Matching purchasing strategies 3-2 by Jennifer Vance 1 A profit that allows a business to survive and grow 2 The process of selecting goods and services based on need, want and logical choices. 3 Purchasing something on the spur of the moment without any planning 4 Setting an introduction price high to recover the research and development costs. 5 The percentage amount added to production cost to obtain the price of an item 6 Setting a price based on production cost plus a markup 7 The process of purchasing products based on desire rather than logic 8 Setting a price to be competitive with prices of similar products. 9 Getting the highest value for the money spent 10 Saving as much as possible and spending money only when necessary rational buying cost-recovery pricing market based pricing emotional buying optimizing markup normal profit economizing cost-plus pricing impulse buying
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