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The Low Calorie Frozen Food Industry

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The goal of this project will be to provide an outline for managers in the low-calorie, frozen microwaveable food industry that can help them in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. As reviewed in the previous assignment, a healthy lifestyle is a hot topic in today’s world and providing options to consumers for healthy food options continues to grow. In order to adapt to what consumer demand is in a growing health conscious society, companies need to provide quality goods to serve those demands. The balance that needs to be found between the company producing the good and the consumer that is demanding the good is to ensure profit, but …show more content…

Just doing a large, one time increase will potentially have a negative impact on your targeted consumer market. In addition, with products that have multiple selections, raising prices on a select few and not all of them at once could also be helpful in strategy when a price increase is needed (Entrepreneur.com, n.d.). Timing of a price increase is also important – strategically aligning when implementing a price increase can help with response as well (Entrepreneur.com, n.d.). You would want to choose a time for the company when you will encounter the least risk. For low-calorie, frozen microwavable might be in spring and summer when people are looking to get in shape for the summer season and are motivated to try anything convenient to help them with their healthy lifestyle.
Section 2: Most government policies will impact businesses in some form. The Sherman Antitrust Act and Clayton Antitrust Act are regulations to prevent monopoly behavior and promote fairness in competition and prevent price discrimination respectively (Abernathy, 2016). Food safety and standard regulations (2009) are meant to ensure quality of food (Abernathy, 2016).
Some additional effects government policies could have on the low-calorie, microwavable frozen food

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