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