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Showing posts from February, 2009

Pricing technique

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The pricing technique used by most retailers is cost-plus pricing. This involves adding a markup amount (or percentage) to the retailers cost. Another common technique is manufacturers suggested list pricing. This simply involves charging the amount suggested by the manufacturer and usually printed on the product by the manufacturer. In Western countries, retail prices are often so-called psychological prices or odd prices: a little less than a round number, e.g. $ 6.95. In Chinese societies, prices are generally either a round number or sometimes some lucky number. This creates price points. Often prices are fixed and displayed on signs or labels. Alternatively, there can be price discrimination for a variety of reasons. The retailer charges higher prices to some customers and lower prices to others. For example, a customer may have to pay more if the seller determines that he or she is willing to. The retailer may conclude this due to the customer’s wealth, carelessness, lack of kn...

Choosing Wedding Rings

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The first piece jewelry that springs to mind with wedding jewelry is a wedding ring. Which wedding ring do you choose? Which pattern? Which metal? Well we have searched the web to give you all of the options to choose from on this one site. For many people, their wedding ring may be the most expensive or even the only piece of jewelry that they will wear or own. Therefore it is important that the right ring is chosen out of the thousands that are available. The choices are almost endless but I will try and give you a few. Wedding rings are traditionally worn on the left ring finger because it was believed that the vein in that finger went straight to the heart. Nowadays, the tradition still exists even though modern medical technology has proven the belief wrong. In some parts of the world the wedding band is worn on the right hand ring finger, places such as Norway, Germany, Poland, India or Russia. The metal the ring is made from is the first and most obvious choice. This can be out...