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What are the 7 pricing strategies?

The 7 pricing strategies include: 1. Cost-Plus Pricing: Adding a markup to the cost of goods. 2. Value-Based Pricing: Setting prices based on customer perceived value. 3. Competition-Based Pricing: Pricing in line with competitors. 4. Penetration Pricing: Low prices to enter a market. 5. Price Skimming: High initial prices that decrease over time. 6. Psychological Pricing: Pricing that considers the psychological impact. 7. Bundle Pricing: Selling products together at a reduced price. Each strategy serves different market conditions and business objectives.

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