Price Lining Strategy Explained
Walk into almost any store, scroll through a subscription page, or browse an online catalog, and you will often see products grouped into neat price tiers: basic, standard, premium; $9, $19, $29; entry-level, mid-range, luxury. This is not accidental. It is a pricing method known as price lining, and when used well, it makes buying easier for customers while helping businesses increase sales and protect profit margins.