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Explain how both bundle pricing and buy one get one free wold help you make a purchase at a grocery store

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Most of the big businesses use pricing strategies to attract customers and boost the sales of their products.

Two of these strategies are mentioned here. Bundle pricing and Buy one get one free.

These strategies are very useful because it plays with the psychology of the consumers. When consumers use a product on regular basis, they want to get it on less price. If some offer like bundle pricing is there, they will purchase the product more than their use at that specific point of time. For example, if a shampoo of 250ml is sold at $5, but in bundle offer 3 bottles of shampoo of 250ml are sold at $10, consumer will purchase the bundle pack. It is actually a win-win situation, because customer is paying less for the product and the company sale has increased from one bottle to 3 bottles.

Similarly, buy one get one free will also trigger the psychological side of the consumer and he will buy the product just because an extra unit is given free, even if the consumer does't need that product at the moment.

User Fixermark
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Bundle pricing and buy one get one free are some of the pricing strategies implemented by businesses. Markets who have these kinds of offerings get a significant increase in their sales. This is because more consumers are willing to spend on offerings than buying them in their actual prices. They appear to consumers as incentives or motivation to purchase because they will think that they get more than what they have paid for.


User Kiliman
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