Pricing Vocabulary and Terms
The Sniffie Pricing Vocabulary and Terms is a collection of essential vocabulary used in retail and ecommerce pricing and marketing products. The pricing vocabulary is a brief overview on how the terms are defined and how to use different terms and techniques in pricing. Read the articles below!
Original Price The original price is used to show what was the original price before price decrease (discount, price change etc.). The original price is a pricing technique that’s used by vendors...Read More
Price Elasticity Price elasticity tells you how much a price increase or decrease will impact on the demand of a product. TRY OUT SNIFFIE Overview The elasticity levels are: Perfectly inelastic (no change...Read More
Nonlinear Pricing Nonlinear pricing can be used as a broad term to offer discount schemes where different pricing bundles offer higher total revenue for the seller with a lower per unit price...Read More