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Eckpreislage

English translation: 9-ending price


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Eckpreislage
English translation:9-ending price
Entered by: Jon Fedler
Options:
- Contribute to this entry
- Include in personal glossary

12:51 Nov 16, 2009
German to English translations [PRO]
Bus/Financial - Manufacturing / Textiles and clothing
German term or phrase: Eckpreislage
Die Eckpreislage 299 Euro gewinnt an Bedeutung.
Wie setzt sich der Preis für Industrie und Handel zusammen?
Ein Rechen-Beispiel.

In einem Anzug für 299 Euro/VK stecken Kosten in Höhe von rund*...
Jon Fedler
Local time: 20:13
9-ending price
Explanation:
„Eckpreislagen“ nennt der Fachhandel Preise, die meist auf „9“ enden. Die Zahl wirkt um so attraktiver, wenn sie auch noch in D-Mark gerechnet griffig bleibt. 499 Euro sind eine
solche Summe: Für viele ist das ein Betrag, den sie höchstens für ein Rad auszugeben bereit sind.
http://www.dk-content.de/trekkingbike/pdf-archiv/tests/0509-...


Not only do people make all kinds of purchasing decisions that aren't rational, they say, but they're particularly susceptible to the kind of offers cited above, which are known in the trade as "9-ending" or "just below" prices.
http://www.post-gazette.com/pg/06351/746545-28.stm


Nine-ending prices led to increase the amount of purchasing of women-customers. In order to
generalize this effect in a new business context, an experiment was carried out. Two hundred and forty-one
customers were tested in the cheeses department in a grocery. In half of the cases, the products were proposed
with a nine-ending price (i.e. 1.99 €) whereas they were proposed with a zero-ending price (I. e.: 2.00 €) in the
other cases.
http://nicolas.gueguen.free.fr/Articles/J-Applied-Sc2005.pdf



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Note added at 1 hr (2009-11-16 13:52:41 GMT)
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Eckpreislage
Verkaufspreis, der in der Handelskalkulation aus verkaufspsychologischen Gründen auf- oder abgerundet worden ist. Beispiel: Die Handelskalkulation ermittelt den Verkaufspreis 37,61. Der Preis wird auf den Eckpreis 37,99 aufgerundet.
Selected response from:

Andrea Winzer
United States
Local time: 13:13
Grading comment
You mad my day!!! hanks
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +29-ending price
Andrea Winzer
3base point pricingM00nshine
3price point
Armorel Young


  

Answers


10 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
price point


Explanation:
Would be my suggestion.

Armorel Young
Local time: 18:13
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
Login to enter a peer comment (or grade)

50 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
base point pricing


Explanation:
Base point pricing is an economics term used to describe the system of firms setting prices of their goods the same to all buyers regardless of the sellers location, even if their transportation costs to the locations are different.

This means that if the destinations are far apart and have considerably different costs of transportation, each will still be charged the same price.

Although some consider this a form of collusion between the selling firms (it lowers the ability of buying firms to gain a competitive advantage by location or private transportation), it is common practice in the steel and automotive industries.

M00nshine
Local time: 19:13
Native speaker of: Native in EnglishEnglish
Login to enter a peer comment (or grade)

43 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
9-ending price


Explanation:
„Eckpreislagen“ nennt der Fachhandel Preise, die meist auf „9“ enden. Die Zahl wirkt um so attraktiver, wenn sie auch noch in D-Mark gerechnet griffig bleibt. 499 Euro sind eine
solche Summe: Für viele ist das ein Betrag, den sie höchstens für ein Rad auszugeben bereit sind.
http://www.dk-content.de/trekkingbike/pdf-archiv/tests/0509-...


Not only do people make all kinds of purchasing decisions that aren't rational, they say, but they're particularly susceptible to the kind of offers cited above, which are known in the trade as "9-ending" or "just below" prices.
http://www.post-gazette.com/pg/06351/746545-28.stm


Nine-ending prices led to increase the amount of purchasing of women-customers. In order to
generalize this effect in a new business context, an experiment was carried out. Two hundred and forty-one
customers were tested in the cheeses department in a grocery. In half of the cases, the products were proposed
with a nine-ending price (i.e. 1.99 €) whereas they were proposed with a zero-ending price (I. e.: 2.00 €) in the
other cases.
http://nicolas.gueguen.free.fr/Articles/J-Applied-Sc2005.pdf



--------------------------------------------------
Note added at 1 hr (2009-11-16 13:52:41 GMT)
--------------------------------------------------

Eckpreislage
Verkaufspreis, der in der Handelskalkulation aus verkaufspsychologischen Gründen auf- oder abgerundet worden ist. Beispiel: Die Handelskalkulation ermittelt den Verkaufspreis 37,61. Der Preis wird auf den Eckpreis 37,99 aufgerundet.


Andrea Winzer
United States
Local time: 13:13
Native speaker of: Native in GermanGerman
PRO pts in category: 22
Grading comment
You mad my day!!! hanks

Peer comments on this answer (and responses from the answerer)
agree  British Diana: new to me, but extremely convincing !
1 hr

agree  Ingeborg Gowans: stimmt ganz genau/ kannst Du dich später auf skype melden?
4 hrs
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