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Video of The High-Low Pricing Strategy in E-Marketing Fundamentals course by Alanis Business Academy channel, video No. 24 free certified online
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Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation1 The high-low pricing strategy involves setting prices that are higher than everyday low pricing stores, but then offering numerous sales promotions reduce prices lower than competitors' prices. By utilizing this common pricing strategy, marketing personnel are hoping that products sold at deep discounts, often called loss leaders, will increase traffic in stores and increase the sales of other higher profit-margin items.
In this video, you'll learn more about how marketers implement high-low pricing as well as some of the disadvantages associated with this pricing strategy.
Learn about price skimming: https://youtu.be/V8NjDBsVWUY
Learn about penetration pricing: https://youtu.be/Fjm6VVbe7bM
Learn about everday low pricing: https://youtu.be/TvqqgrjjDME