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