What is a tiered pricing model?
Tiered pricing is a pricing method used by sellers to segment the prices of their products and services based on specified target markets.
Tier Pricing is a way to encourage shoppers to buy larger quantities of a product by applying discounts based on the quantity ordered. These discounts may be "tiered" so that they increase as the order amount is raised. KonaKart supports the definition of actual tier prices as well as percentage discounts.
Tiered pricing is a strategy employed to define a price per unit within a range. Tiered pricing works so that the price per unit decreases once each quantity within a “tier” has been sold. To illustrate, imagine that you have just sold 60 units of a particular product.
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