Q: 40000 per 100 unit of reagent. Estimate the price per unit by following pricing method; 1. Cost plus…
A: Cost-plus pricing refers to a pricing strategy wherein a certain markup is added to the cost of the…
Q: Legal and Ethical Issues on Pricing Policies & Practices 1.Select a current legal and ethical…
A: Since you have posted more than one question we will solve the first three interlinked questions for…
Q: What are different factors that should be considered by marketers before deciding price of the…
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A: Value-based pricing is a technique of setting a differentiated price of a product based on target…
Q: Legal and Ethical Issues on Pricing Policies & Practices 1.Select a current legal and ethical issue…
A: Since you have posted more than one question we will solve the first three interlinked questions for…
Q: A good pricing strategy is an important factor in staying competitive in the fast-food industry.…
A: Introduction: Price is a marketer's analyzed value which they thought a consumer can pay for that…
Q: Rob is opening a carpet cleaning business – a highly competitive business with several existing…
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Q: explain Aquafina pricing strategy with yours
A: Pricing Strategy means the strategies that the organisation considers to choose the prices for…
Q: Can you tell me more about Buyer-oriented pricing strategy?
A: A buyer-oriented pricing strategy is a sort of pricing strategy in which prices are determined…
Q: What then is the product’s pricing based on, if not costs? Present the product’s pricing and what…
A: Product pricing refers to the process in which the organization sets the price of the product…
Q: How does value pricing strategy affect the company's performance and how they benefit from this?
A: The pricing strategy to be used for marking the price of a product is not an easy decision for a…
Q: Describe the basic market forces that are relevant to pricing and decision-making for companies.…
A: Pricing is an important parameter which governs the purchase decisions of the customers. Pricing…
Q: What are the four methods used in by-product costing, and how do they differ? Which is the…
A: As we all know that “by-products” is generally used to denote one or more products of relatively…
Q: hink of the various pricing methods - mark-up pricing, target-return pricing, perceived value…
A: The going rate pricing will be most appropriate from the consumer's point. In this pricing method,…
Q: The Apple iPad with WiFi connectivity is offered with 16 GB of storage at $499, with 32 GB of…
A: a. The latter has twice as much mass storage as the former, allowing you to store twice as much…
Q: Tell about pricing. More precisely, write what the companies should take into account when doing…
A: Pricing is the process of setting or deciding the price of a particular product. Pricing is the…
Q: Why is it important to determine pricing objectives before pricing goods and services?
A: Organization priced their products based on their motives. If the organization wants to generate…
Q: A company has two products. One is moderately priced and has fewer number of competitors. The other…
A: Pricing refers to setting a price for a product or service at which it will be sold in the market…
Q: In one question Explain the pricing factor of competitive pricing why does what the competitor…
A: The process of evaluating strategic price points to best take advantage of a product or…
Q: Look up the following site to evaluate restaurants’ pricing strategies based on reviewers’…
A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…
Q: What profit-based pricing approach should a manager use if he or she wants to renect the percentage…
A: Pricing is the process by which a company determines the price at which it will sell its products…
Q: Create a poem that contains the information about the factors affecting pricing decisions
A: PRICING DECISION:The decision that has to taken by the company to sell the product or service at…
Q: Maya is setting prices for her home remodeling business. Over the course of the year, there are…
A: A business is an organization or enterprise that is engaged in professional, commercial, or…
Q: According to the Hanson Production: Pricing for Opening Day Case Study by Peter Famiglietti, What…
A: The president of production at Hanson Productions, an off-Broadway production company, was faced…
Q: Briefly explain what assessments a business manager must take in connection with pricing of…
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Q: Identify and define the other important external and internal factors affecting a firm’s pricing…
A: Price is the element of 4Ps or Marketing Mix. The component of marketing mix is used to generate…
Q: what is price point and can you give an example?
A: Pricing is one of the important jobs which has to be done properly by the companies. It is because…
Q: CASE: Cheese manufacturing results in a concomitant, called brine (water+ salt). Instead of throwing…
A: Product Mix: The product mix is one, out of the four components of the marketing mix strategy. This…
Q: With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro?…
A: Risk Management : Risk management refers to the process of finding, analyzing and controlling the…
Q: Why does a real-time pricing schedule help the environment? Give two reasons
A: The benefits of Real-time pricing schedule to the environment are explained below in the following…
Q: Explain a scenario, how software pricing will be affected based on 3 different factors
A: We can consider a scenario where a newly developed software is being launched in a competitive…
Q: The airline industry alters the price of its seats based on the type of seat, the number of seats…
A: Dynamic estimating (or dynamic value segregation) is widely concentrated in the aircraft business…
Q: 10. ____________________ shows the design of your product/service; pricing, where you will sell and…
A: Branding is way of recognising a product of a company by the label, name, logo etc. it…
Q: In starting to set a final price:List two pricing objectives and three pricing constraints.2 Think…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: Define the term flexible pricing?
A: Price is the monetary worth fixed by the company on the manufacturing services produced by it. It is…
Q: Explain the unethical issues of Marketing in Pricing (Price Gouging and Price…
A: The unethical issues of Marketing in Pricing are:
Q: How will the buyer and seller relationship exist or maintain?
A: A transactional orientation of marketing refers to a marketing approach in which the marketers are…
Q: For the following scenarios, suggest a pricing strategy and justify why that strategy is most…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Assume you are an entrepreneur of a new home technology product, how you can set your pricing…
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Q: What principle should guide decisions about what price to charge relative to those of competitors?
A: Pricing can be explained as technique through which the producer will be able to determine the value…
Q: Mrs. Johnson, the owner of a small manufacturing business has patented a new device for kitchen…
A: Given Information: Variable cost (V.C.) = $ 8 per unit Fixed Cost (F.C.) = $ 60,000 per year A) The…
Q: Could Lululemon have achieved the same level of suc- cess had it executed an alternative pricing…
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Q: Over the past year, you and your friend have decided to embark on a new business venture, you have…
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- List and explain four key influencers on pricing decisions .
- A new customer ABC Ltd, wants to buy 500 units of your product, but is only prepared to pay RM4 per clock. This will not cover the total cost of making the product, but it will cover the variable costs – anything over RM3 makes a Provide and discuss three factors that you would take into account when deciding whether or not to take the order.
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- 1. Consider a familiar product, such as Apple’s iPhone. What would you consider to be its next closest substitute? Describe two factors that would differentiate the iPhone from its next closest substitute. 2. What is the difference between a positive differentiating factor and a negative one? Is it possible for an item to simultaneously have both positive and negative differentiating factors? 3. Which would be more prudent: pricing an item above its VTC, exactly at its VTC, or below its VTC? Explain your reasoning.For a marketing project, I am working on manufacturing and selling product (Ramen). I must write about ‘PRICE’ for the product we make. Following are the details which I should include. I have required a detailed explanation about how price affects and the changes based on the following information. (Include all information together and a long explanation) Our product is a premium grocery item, and we want to be perceived as a high-quality brand. The price for a single serving is $6.99 Price for 4 servings - 17.99 (Above market price) Pricing approach Odd-even pricing will be used. And it always must be above market price. Adjustments: Quantity Discounts – For retailers when we have some kits that are about to expire. Trade Discounts (Wholesalers and Retailers) Promotional Allowances to reduce price of the product to retailers so that they include it in their catalogs, and we sell more overall) And will the price change over time? If so, how? (Since it is ramen, It doesn’t…When making and evaluating pricing decision, managers must consider many factors, some of those factors related to external market and other related to internal constraints. What are these factors? (Minimum 3 factors)
- For the following scenarios, suggest a pricing strategy and justify why that strategy is most suitable for that business. (penetration, economy, price skimming, psychological, premium, competitor, cost plus) Scenario 1: Corey has just launched an online business selling customised hoodies. The hoodies are high quality and made uniquely for each individual customer. He sells them solely online through his Shopify store. Scenario 2: Jasmin has a well-established coffee shop in her local area that has a strong reputation. Due to her strong reputation Jasmin has developed an ice cold coffee drink in a can. She has just secured a deal to supply local grocery stores and garden centres with her new product. Scenario 3: Ellie writes eBooks for people in business and has a very reputable name but is branching out to follow her passion of writing eBooks for children. This is a highly competitive market where her name as an author is not known. For…Costing systems attempt to explain how products consume resources but do not indicate the joint benefits of having multiple products.”Required:Citing examples of at least two costing systems,a. Explain the statement above.b. Explain how the addition of a new product to the product range may affect the cost of existing productsc. Outline the consequences, in terms of profitability, of decision to increase/decrease the product range.d. Identify six costing systems.Explain why it is a good idea to price a product according to value perception of the customers. Also give some examples of products in which the company has used value-based pricing technique ???
- For the following scenarios suggest a pricing strategy and justify why that strategy is most suitable for that business. Scenario 1 Corey has just launched an online business selling customized hoodies. The hoodies are high quality and made uniquely for each individual customer. He sells them solely online through his Shopify store. Highlight the correct answer. a. Penetration pricing b. Economy pricing c. Price skimming d. Psychological pricing e. Premium pricing f. Competitor pricing g. Cost plus pricing Scenario 2 Ellie writes eBooks for people in business and has a very reputable name but is branching out to follow her passion of writing eBooks for children. This is a highly competitive market where her name as an author is not known. Highlight the correct answer. a. Penetration pricing b. Economy pricing c. Price skimming d. Psychological pricing e. Premium pricing f. Competitor pricing g. Cost plus pricing Scenario 3 Maurice is a well-established roofer within…The airline industry alters the price of its seats based on the type of seat, the number of seats remaining, and the amount of time before the flight departs. This is example of: Select one: a. Basing-point pricing b. Zone pricing c. Dynamic pricing d. FOB-origin pricing Which of the following statements is correct? Select one: a. If the prices of the product are below its costs, profits will boost. b. The pricing strategy suggesting value to the customer and profit to company should be followed. c. If customers perceive that the product is over-priced, they are keener to buy it. d. If customers perceive that a product’s price is lower than its value, they will not buy it.First review the topics below and select one. Once selected, include the concept, a description of the concept, and what about the concept you understand and what it is about the concept that can be confusing. How pricing objectives should guide strategy planning for pricing decisions. Setting the price level for a product in the early stages of the product life cycle. Variations of a price structure, including discounts, allowances, and who pays transportation costs. The role of price in obtaining a competitive advantage by offering target customers superior value. The legality of price-level and price-flexibility policies. How most wholesalers and retailers set their prices by using markups. Advantages and disadvantages of average-cost pricing. How to use break-even analysis to evaluate possible prices. The advantages of marginal analysis and how to use it for price setting. Demand-oriented factors that influence price setting. Elements of the marketing strategy planning process…
- Look up the following site to evaluate restaurants’ pricing strategies based on reviewers’ perceptions of service levels, guest type, product quality, ambiance, location, and much more! www.zagat.com First, choose a city. Then click on your specific restaurant criteria or just click on “Most Popular.” Then click on any restaurant for a review that includes a features list, reviewers’ ratings, prices, and much more! Look at several restaurant reviews. Evaluate whether you think the menu prices and the features/review are a “good fit,” in your opinion. Spend about 30 minutes viewing this site!10. ____________________ shows the design of your product/service; pricing, where you will sell and how you will introduce your product/service to your market.Pricing Q: What are different factors that should be considered by marketers before deciding price of the product? Q: How the total cost is determined/calculated by company for deciding price of the product? Q: What is breakeven point? How is it calculated? Q: How the net profit is calculated? Q: Consult your book and write the following procedures and formulas for calculating price? Cost Plus pricing Breakeven pricing Return on investment pricing Value based pricing Q: Write the methods for determining pricing of new products?