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2.4.2 Price policy - Online Marketing Tools

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2.4.2 Price policy

The price policy is those measures that can help to make a purchase by designing prices. These measures concern the price policy, the discount policy, delivery, payments terms and credit policy. Instruments of the price policy include the price, discounts, additional charge for value added services and free gifts (Weis, 2004, p.115).

The online price policy develops a new price calculation with the consumer. For instance it is possible to vary the price depending on different interactions or unlimited possibilities to create product variants. An online shop can offer a section where a customer designs his own product, for example letters on a t-shirt. For this service the shop could charge the customer.

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