Questions1. When setting a price at an Airbnb, is it important to consider aspects such as locatiefacilities or type of apartment? If your answer is yes, please motivate.2. What type of pricing strategy would work best for an Airbnb property owner in yoursuburb? Motivate your answer.33. List five factors that could influence the price sensitivity of a prospective Airbnb guest.4. Why should an additional price be charged for an extra guest when bookingaccommodation at an Airbnb property? Motivate your answer clearly.5. Explain how economic conditions in South Africa can influence the decision of apotential Airbnb guest regarding where to stay.6. Discuss how competition influences the price setting of an Airbnb establishment inSouth Africa.7. Discuss the different steps that an Airbnb property owner would need to follow to seta price. Discuss each step comprehensively.8. Discuss any two strategies that an Airbnb property owner could use to set a price.Explain how each strategy could be used when setting the price for an Airbnbproperty9. Explain the mistakes an Airbnb property owner should avoid when setting prices.1. When setting a at an is it to such as location,

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Answered: Questions 1. When setting a price at an…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question 1 What are the major pricing strategies that can be used at a restaurant ? 300 words minimum Question 2 What are the price adjustment strategies that can be used by a restaurant? 400 words minimum Question 3 Identify how a restaurant can modify its place and promotion during a crisis period. 500 words minimum.
Week 9 Pricing Strategy TutorialQuestion 1)Marketers sometimes offer discounts to their customers as a reward. Describe briefly at least 4 types of discounts.Question 2)You have decided to produce a new product -freeze dried curry dishes via word of mouth and interneta)Discuss the methods you could use in order to set the initial price of the product b)Describe the suitable pricing strategy that you can pursue for the productc) if the unit cost of the packed curry dish is $3 and you want a desired return of 20%, what would be the selling price?d) if the fixed cost for the packed curry dish is $21000, the price is set at $3 and the variable cost is $1.50, what would be the breakeven?
Marketing FINAL REIVEW QUESTION ONLY ANS NEED ...BUT Right Answer please ....... NO EXPLANIATION thanks QUESTION 11 A company needs to decide about which market segments of a target market to enter so to increase profits. Therefore the company needs is to perform for each market segment, a(n) a. Taxation analysis b. Intellectual rights research c. Cost versus Benefit analysis d. None of the above QUESTION 12 Introducing Switching Costs for the customers in the use of a company's product is a way of a. advertising b. building long term relationships c. minimizing costs d. transaction based marketing QUESTION 13 In the case of a recession, when people's incomes decline, we expect stronger sales for products associated with a. private label/brands b. manufacturer brands c. captive brands d. all of the above QUESTION 14 The assortment of product…
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QUESTION 72 Properly designed and executed, marketing can do which of the following? a. Create a need for something b. Make people buy things they really can’t afford. c. Influence people to do things they don’t want to do. d. Make it more appealing to buy certain things over others. QUESTION 73 Which represents an intermediary relationship? a. A bank provides a loan to an individual purchasing a car. b. A private equity firm has invested in a logistics company. c. A logistics company purchases truck tires from Goodyear. d. A small bank uses an outsourced human resources company for its HR needs.

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