Marketing

A fine dining restaurant has priced their offerings substantially higher than its closest competition.:

Premium Pricing

The goal is to create the perception that the products must have a higher value than competing products because the prices are higher

A quick service restaurant has decided to use odd pricing i.e  $3.47, $6.99 etc:

Psychological Pricing

is the business practices of setting prices lower than a whole number. An example of psychological pricing is an item that is priced $3.99 but conveyed by the consumer as 3 dollars and not 4 dollars, treating $3.99 as a lower price than $4.00.

A new caterer has intentionally priced themselves lower than their nearest competitors.

Penetration Pricing

is a strategy used by a firm who wishes to enter a new market and gain a high market share through selling at a low

 price A sports bar has priced a weekly special that includes 1 lb of wings, a pitcher of beer and a dessert for one price

Bundle pricing

 is a strategy where businesses combine multiple different products or services into one package at a single price. These complementary products are typically sold at a lower price than if they were purchased individually

A grocery store has decided not to spend much on marketing, but they offer their products at a consistently lower price

Economy pricing  is a volume-based pricing strategy wherein you price goods low and gain revenue based on the number of customers who purchase your product.