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