Is economy pricing the same as no-frill low price?
Asked 3 years ago
What's the difference between the two?
Mark Guthrie
Tuesday, February 22, 2022
Economy pricing means selling the product at low prices by reducing the extra costs. For instance, cutting down the marketing cost for the fruits or vegetables at the grocery store. Or you need to sell these products in high volume to earn a profit.
On the other hand, no-frill pricing means selling the basic product or services without extra features. For example, you can buy no-frill airline tickets for domestic flights. They won't offer you in-flight meals hence they will charge less too.
Please follow our Community Guidelines
Related Articles
Why Facebook Ads Don't Convert Customers to Your Shopify Store
Brody Hall
February 10, 2023
Activating SSL Certificates (HTTPS) For a Custom Domain and Fixing "Pending" or "Unavailable" Errors
Brody Hall
February 10, 2023
The Benefits of Personalized Out-of-Stock Notifications on Shopify
Courtney Sharp
February 13, 2024
Related Posts
Ashley Stander
How to Find Your Competitor Pricing
Can't find what you're looking for?