Q: define offer and explain all its essentials
A: Offer is the willingness of a person to do something to another person or obtain the consent of such…
Q: 2.List the factors that influence pricing decisions, and explain break-even analysi
A: Price is the amount a person pays for a good, service or any idea. This is the amount for which the…
Q: Pricing strategies are often carried out by companies in the industry to maintain their presence in…
A: The companies have to be very careful while fixing the price of the goods and services. It is…
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: 2 Name and discuss the pricing strategies. Discuss each one with giving example of some companies…
A: Marketers use the 4 P's strategies for products and 7 P's strategies for services in order to…
Q: Please explain the possible disadvantages of using (1) competition based pricing and (2) consumer…
A: ANSWER:Disadvantage of using Competitive based pricing is: Pricing is dependent on the price of…
Q: explain Aquafina pricing strategy with yours
A: Pricing Strategy means the strategies that the organisation considers to choose the prices for…
Q: Define PRICING STRATEGY?
A: A price is a cost that an organization demands a particular product. It is the value of the goods…
Q: What pricing strategy is used by local water utilities to charge water bills?
A: Introduction: Pricing strategy is a method of setting up a proper price for a product or service…
Q: 1. identify two other specific industries that use yield management pricing. 2. What are some…
A: Yield management is a business strategy used by companies in which they sell the service to the…
Q: Discuss the Legality of Price Strategy?
A: Price is the money exchanged for a product in a marketing transaction; it can also be goods…
Q: 2. Describe the concept of a product's VTC. Why is the monetary estimation of this value important…
A: VTC stands for value to customer. Value to customer (VTC) assesses the worth of a product or service…
Q: What are the major price implications of the PIMS studies?Suggest possible explanations for the…
A: Profit Impact of Market Strategies: PIMS is a long-term research project of business units (SBUs)…
Q: M/s. Reliable Incorporates wants you to assist in pricing strategy and ensuring how could it reach…
A: Disclaimer: Since you have asked multiple question, we will solve the first question for you. If you…
Q: What is captive-product pricing? What is this pricing tactic called in the case of services? Give…
A: Captive products are products that are specifically designed to be used with the main or core…
Q: What circumstances in pricing a new product might support skimming or penetration pricing?
A: Pricing means fixing or determining a price for the products or any services to sell it to the…
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: Incredible Games (IG) is introducing Galactic Invasion, in which aliens from the Planet Meepzorp…
A: Pricing strategies are the methods used by a company to decide a suitable price for its product. A…
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: . What are the various factors that influence the pricing decisions in detail?
A: An organization's price level sends signals about the quality of its products to the client. A…
Q: What goals does pricing strategy help anot-for-profit organization achieve?
A: Pricing is keep a monetary value on the exchange of the product of services created by the company.…
Q: Q: Write the methods for determining pricing of new products?
A: The pricing of goods and services is important not only from the perspective of the organization but…
Q: What are some similarities and differences be-tween skimming pricing, prestige pricing,…
A: Skimming pricing indicates towards a strategy in which the product price is set high for the initial…
Q: Discuss any two types of price-setting methods?
A: The price setting methods are the methods which are set on the basis of the market, and the type of…
Q: What issues may rise that prevent the price discovery mechanism not to display the right information…
A: Price discovery mechanism: It is the process of setting the correct spot price for a product or…
Q: s pricing important for consumers in the process of decisions making?
A: price/cost of possession continues to be a rather prominent decision driver, with almost half the…
Q: Define Price strategy?
A: Strategy is the choices that are made by the individual or the company. It is a very important part…
Q: List the factors that influence pricing decisions, and explain break-even analysis.
A: Pricing is a vital constituent of a company's marketing mix. Pricing is an important element in…
Q: To assure current buyers they made the right choice A. Reminder ad B. Reinforcement ad C. Persuasive…
A: Reminder advertising is the type of advertising that makes ads whose main aim is to remind your…
Q: WHAT INDUSTRIES/ MARKET USES COMPETITIVE PRICING STRATEGY? WHAT ARE THE PROS AND CONS OF…
A: To set the effective and efficient pricing startegies is very important as the revenue, profits, and…
Q: Why is pricing decision important?
A: After the product has been manufactured, pricing is a crucial consideration. The product's future,…
Q: What are the different pricing strategies that firm can use to change demand pattern?
A: The pricing strategy is the method that a company uses to price their products in the market. Some…
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: Critical Thinking Some retailers have used decoy pricing 10 increase the number of sales of a higher…
A: Price is the monetary exchange value of a product or service which customer uses. Price is more of a…
Q: M/s. Reliable Incorporates are in the business of Garment Manufacturing. The company is known for…
A: Pricing strategies refer to the marketing strategy which is used to determine the prices of products…
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: Critical Thinking Penetration pricing is one approachto pricing for a new product launch. It is a…
A: Critical thinking is an important skill, and a very essential part of studies. Focus of critical…
Q: Question: How can customers affect pricing decisions and how important are the customers in pricing…
A: A customer will always compare the prices of a company to those of its competitors. If the product…
Q: 1. In what types of decisions can break-even analysis help managers? 2. How can break-even analysis…
A: Break-even analysis can be defined as the way by which an organization manager can calculate that…
Q: A round-trip economy seat on a flight from New York to London might O a. psychological pricing O b.…
A: Pricing is a method to attach a value to a product that the manufacturer of the product will receive…
Q: Explain The Legality of Price Strategy?
A: Price is the monetary value paid for a product in a marketing exchange; it could also be things you…
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: 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: Does Cath Kidston’s pricing strategy truly differentiate it from the competition?
A: Customers are the key elements of the market and it is very important to fulfill customers'…
Q: is pricing policy an appropriate mechanism to control inventory levels? If so how should price be…
A: In an organization, the decisions related to prices are taken at two levels. One is dealt with by…
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Solved in 2 steps
- PRICING STRATEGY How will the buyer and seller relationship exist or maintain?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?(a) What is segmented pricing? (b) Briefly describe the different types of segmented pricing.
- A company has two products. One is moderately priced and has fewer number of competitors. The other product is low-priced and has many substitutes. What is the best advice about pricing that you can give to this company? a. Give discounts to the low-priced items only b. Give discounts to both of these products c. Give discounts for the moderately priced products only d. Do not give discounts for any of these productsLegal and Ethical Issues on Pricing Policies & Practices 1.Select a current legal and ethical issue on the company’s pricing policies and practices. 2.Identify the source or online link of the aforementioned article. (Article should be within 2015-2022) 3.Identify the problem. 4.Give two (2) solutions to the problem. 5.Determine the PROs and CONs of each of the solution. 6.Select the best solution. Discuss briefly. Thank you in advance for your help!! :)A9 Let's choose a product, then analyze PRODUCT COMPENENTS (everything customers think about before they purchase), and propose all possible PRICING STRATEGIES that seller can set for the product.
