Demonstrate how the product life cycle, competition, distribution and promotion strategies, customer demands, the Internet and extranets, and perceptions of quality can affect price

Q: Why is it necessary to include the benefits of the product in product description?

A: Product description refers to the information that is provided by the seller or manufacturer on the…

Q: Which of the following term relates with the ‘Selling Concept’ of marketing orientation? a) Quality…

A: Marketing is an activity which the firm takes up to make customers. For this, marketing strategies…

Q: develop a set of criteria that could use to evaluate the supplier.

A: Communication: The supplier must be ready for frequent interactions through calls, emails, as it is…

Q: please provide explaination as to why the otherr options are incorrect. thank you

A: Brands affiliations are generally brand's characteristics and qualities that convey the business…

Q: refers to the stage of buyer decision where the customer compares the various brands available

A: Consumer decision-making process - It signifies the identification of needs, gathering information,…

Q: According to the concept of the product life cycle; Group of answer choices a. product have a form…

A: The product life cycle stages are  Stage one - In stage first, the Product introduces by the…

Q: Explain 7 points of the roles of customers in the design process.

A: [NOTE: As per the Authoring Guidelines, providing reference, links, or citation is prohibited]…

Q: Brand equity is a marketing term that describes a brand’s value. That value is determined by…

A: Branding is an effective strategy employed by business to connect with their target consumer and…

Q: Explain the importance of measuring brand equity.

A: Brand equity is referred to the value that a brand has among customers and is built through…

Q: Being at the premium end is category upon itself. Describe the indicator of premiumness or high…

A: Premiums refer to the high quality and high price of the products.

Q: Discuss the advantages and disadvantages of involving customers fairly early in the product design…

A: A consumer need not know how his needs will be fulfilled. It is where the role of the 'product…

Q: Describe the various classifications of the cost of quality.

A: Cost of Quality (COQ) is a methodology adopted by organizations to identify the extent to which…

Q: Two similar consumer goods and compare them in terms of their use, safety, quality and cost

A: Consumer products are the products and commodities created for the use of end consumer. The…

Q: Describe the Product-by-value analysis?

A: Product Value Analysis : It is the examination of an internal process that businesses undertake to…

Q: 3-6. In pure competition there are a(n) ______________ number of sellers.

A: Market competition implies the practice where businesses act as rivals to capture large share of…

Q: Price: What is the price for coca-cola

A: PRICING STRATEGY OF COCA COLA The amount of money charged for a product or service, or sum of the…

Q: have to explain the following product life cycle graph and where is the ani-acne drink is placed.

A: Product life cycle refers to marketing concept which explains that every product that exists in the…

Q: What is the relationship between product policy and product decisions?

A: The product strategy employed has a clear correlation with the different product decisions.

Q: Identify where each of the following products likely lie on a traditional Product Life Cycle.…

A: Introduction;- Initiation, Development, Mature, and Regression are the 4 stages of the product ’s…

Q: Make a selection of advertisements from newspapers and magazines. Illustrate how quality is used in…

A: Advertisements can be defined as a paid form of promoting a product with an objective of increasing…

Q: snip

A: Before we proceed to understand, what is product quality First, let's focus on the definition of…

Q: How does elements such as location, physical facilities, employee attitude, quality of products,…

A: Business:- A business is an organizational entity involved in selling goods or services to…

Q: Is there a way to ensure product quality throughout the whole supply chain?

A: It is indeed a supply chain item that is responsible for ensuring the quality of goods or services.…

Q: _________ touch points occur as customers learn about and choose products. Group of answer choices…

A: Customer touch-points - The interactions either offline or online that customers have with the…

Q: rand loya

A: Brand performance is the proportion of a brand's outcomes against the objectives at the first set.…

Q: Discuss the role of strategic planning in adding value to an organizations products/

A: Strategic management gives businesses a wide-ranging path and lays down the goals of the…

Q: Descriptions and examples of should companies continue to be able to self-regulate their own…

A: Self-regulation is the ability to understand and manage own behavior and reactions. Self-regulation…

Q: Identify where each of the following products likely lie on a traditional Product Life Cycle.…

A: Product Life cycle refers to the concept in which a product goes through each and every stage of its…

Q: Explain how to relate the relationship between product characteristics, customer and supplier…

A: New product means original products, product modification, and product improvements that the firm…

Q: 3. Discuss the role of customers' perception of value and the product's cost in setting the price.

A: Customer perception value is defined as the notion that the product success is largely grounded on…

Q: Select any product. Following the given strategies modify the selected product. 1.Quality…

A: As a matter of fact, we can say that where efforts to improve quality need to be measured to…

Q: Q 2. How is brand equity built, measured and managed?

A: A Brand is a name, symbol, design, logo or a combination of all which represents the company. It is…

Q: Demonstrate how the product life cycle, competition,distribution and promotion strategies, customers…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Compare and contrast the two dimensions of product quality.

A: Product is the tangible or intangible form of a customers’ needs; it can be a product or service…

Q: What recommendations can you suggest to the street vendors in reacting, initiating and managing…

A: Pricing is a concept of marketing where the value is exchanged between the company and customer. It…

Q: Explain why "profits follow quality"

A: W. Edwards Deming was an American engineer who came up with the idea of "profit follow quality".

Q: Briefly explain how a brand/service/product/company can get the buyer from the “consideration” to…

A: A company can get the buyer from the “consideration” to “conversion” in the following way-

Q: Describe what are the factors M&S should consider while setting their new products price

A: Price is the monetary value set by the marketer on the product. This is the value perceived by the…

Q: ake five products/brands,write down the reasons of their failure in detail?

A: Product failures are often a news in the marketing industry. There have been many companies in the…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”