Premium & Low Cost Pricing
The dynamics of pricing in a recession
The tough trading conditions of recession-blighted 2009 pose a challenge for pricing strategies. Deep doscounters would seem to naturally prosper while high-publicity sales promotions have boosted footfall, if not margins, for others. In this report, we examine the issue of pricing in a recession, the range of newly pressured consumer responses to price, the price/value distinction and the tactics in which premium pricing can still be maintained.
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