Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Describe your answer.
1. A local restaurant/bar offers discounted drinks through â happy hour, from 5 to 6 PM on weeknights.
2. The price Company X charges for its ink cartridges is nearly as much as it charges for a printer.
3. Packs of 5 T-shirts cost $10 while an individual T-shirt costs $4.
4. Coupons for specials at a local grocery store can be downloaded from an online site.
5. Computer and appliance manufacturers promote service contracts.
6. Microsoft Office includes several programs in one package.