What factors influence the pricing decisions for a product such as Glitzz? Analyze these factors and comment on te range ofprices that can be set for Glitzz.
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What factors influence the pricing decisions for a product such as Glitzz? Analyze these factors and comment on te range ofprices that can be set for Glitzz. |
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- plz answer this ...What are the various internal factors that could affect pricing decisions ?When can you use different pricing strategies and what are their suitable product categories? Instruction: -give examples for each type ? -Answer in one page. -answer the question about only the List of 7 strategies are listed in the image.(a) What is segmented pricing? (b) Briefly describe the different types of segmented pricing.
- 1. What are the various factors that influence the pricing decisions in detail?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 ???Identify and define the other important external and internal factors affecting a firm’s pricing decisions?
- In pricing a product cost works as a floor and customer perception of the value of a product works as a guide toprice a product. 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 ?Explain why might strategy for setting a product's price need to be changed when a product is part of a product mix? What are the five product mix pricing strategies? Provide an example for each?16. To maximize brand equity, the pricing strategy must be decided based on the customer’s perception of value of brand. Select one:TrueFalse