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