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Name Five of the Special Pricing Tactics

question 51

Essay

Name five of the special pricing tactics.Give one advantage and one disadvantage associated with using each of the tactics you have named.


Definitions:

Subjective Standard

A legal or evaluative criteria based on personal opinions, feelings, or perspectives, rather than objective, measurable factors.

Requisite Intent

The necessary state of mind or intention required by law for a person to be held legally responsible for his/her actions.

Contract

A legally-binding agreement between two or more parties that outlines obligations and benefits for each party.

Acceptance

An act signifying agreement to the terms of an offer, thus creating a binding contract.

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