Relier Pairs Purchasing StrategiesVersion en ligne Matching purchasing strategies 3-2 par Jennifer Vance 1 The process of selecting goods and services based on need, want and logical choices. 2 A profit that allows a business to survive and grow 3 Setting a price based on production cost plus a markup 4 Getting the highest value for the money spent 5 Setting a price to be competitive with prices of similar products. 6 Purchasing something on the spur of the moment without any planning 7 The percentage amount added to production cost to obtain the price of an item 8 Setting an introduction price high to recover the research and development costs. 9 Saving as much as possible and spending money only when necessary 10 The process of purchasing products based on desire rather than logic emotional buying impulse buying optimizing market based pricing cost-recovery pricing normal profit economizing markup cost-plus pricing rational buying