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Difference between a Price Policy and A Price Tactic

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Explain the differences between a price policy and a price tactic. Give examples.

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This soluiton discusses the difference between a price policy and a price tactic. It includes examples and a link.

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A price policy is always pricing 10% over cost, for instance. Price tactics would include ' prestige pricing'- pricing product higher to make customers think it ...

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Sally Baldwin, Ed.D
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
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