History of Playstation

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A Case Study With Sony On Penetration Pricing As Global Pricing Strategy Meaning of Penetration Pricing This is a marketing strategy used by firms to attract customers to a new product or service. Penetration pricing is the practice of offering a low price for a new product or service during its initial offering in order to attract customers away from competitors. The reasoning behind this marketing strategy is that customers will buy and become aware of the new product due to its lower price in the marketplace relative to rivals. It can often increase both market share and sales volume. Additionally, the high sales volume can also lead to lower production costs and higher inventory turnover, both of which are positive for any firm…show more content…
Locations of Major Offices and Research Centres- Tokyo, Kanagawa, Miyagi in Japan Headcount (Consolidated) - 146,300 (as of March 31, 2013) Consolidated Sales and Operating Revenue (2012) - 6,800,900 million yen One of the most recognized brand names in the world today, Sony Corporation, Japan, established its Indian operations in November 1994, focusing on the sales and marketing of Sony products in the country. In a span of 16 years, Sony India has exemplified the quest for excellence in the world of digital lifestyle becoming the country’s foremost consumer electronics brand. With relentless commitment to quality, consistent dedication to customer satisfaction and unparalleled standards of service, Sony India is recognized as a benchmark for new age technology, superior quality, digital concepts and personalized service that has ensured loyal customers and nationwide acclaim in the industry. With brands names such as BRAVIA, VAIO, Tablet, Handycam®, Cyber-shot, Walkman®, Xplod™, Sony hi-fi, Memory stick® and PlayStation®, Sony has established itself as a value leader across its
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