You have just started a limousine service and strive for an image of quality and luxury. Your limos are always spotlessly clean on the inside, freshly waxed, and stocked with flowers, champagne, and televisions. To cover your costs and create a perception of a premium experience, what would be an appropriate pricing strategy? Question 10 options: A) Competitive B) Prestige C) Skimming D) Penetration
Q: 2. What is the main purpose of a quantitative research?
A: Ans. Introduction Quantitative research is the method involved with gathering and investigating…
Q: Think of individual interviews as a way to do market research. Which of the following statements are…
A: Market research is a systematic attempt to obtain data about targeted customer base: learn…
Q: Go out for dinner VS buy a "cook at home" dinner at Fred Meyer Direct…
A: Since you posted a question with multiple sub-parts, we will solve the first three sub-parts for…
Q: Describe the fivekey strategiesfor selecting targetmarkets.
A: Targeting in marketing implies the procedure where business initially group customers into segments…
Q: What is subculture? Describe at least two subcultures to which you belong and identify any reference…
A: Subculture can be described as an visible subgroup which exists within a society or group of people,…
Q: McDonald
A: Talking about the role of m- commerce then, it helps thw brand to increase its reach among the…
Q: _______ An audit isa. performed by the firm’s private bookkeepers.b. not necessary if the firm used…
A: An audit is the procedure through which the company hires any expert's service to analyse the Book…
Q: Based on the three types of buyer-supplier relationships, identify which relationship Woolworths has…
A: The three types of buyer-seller relationships are Transactional (distant) relationship, Value-added…
Q: How are marketing departments organized? Which organization is best?
A: Marketing deals with activities which are essential for businesses to make customers have knowledge…
Q: Discuss the challenges marketers face with international market segmentation.
A: Through market segmentation, companies identify target customers who are most likely to buy their…
Q: If the government allows a product to besold in stores, isn’t it safe?
A: A retail store is a physical location where the purchaser or consumer and seller can meet…
Q: Emotion is always a point of discussion in marketing. I suggested that the best marketing appeals…
A: Behavior and thoughts of an individual are impossible to predict and influence. People live in their…
Q: Define the marketing information system and discuss its parts
A: The term information is associated with numerous concepts of marketing. It can be related to…
Q: What is the difference between a merchantwholesaler and a rack jobber?
A: Wholesalers are the part of distribution channel that are dealing with wholesale quantities and…
Q: Characterize FOUR (4) impacts of social media towards economical change in every country.
A: Interactivity, connectedness, and user-generated fabric are all trademarks of social media. For…
Q: Describe the tools B-to-B marketers use to engage customers. What are the challenges with B-to-B…
A: Business-Business Marketing is the activity that engages in selling its goods and services to other…
Q: Make up situations for purchasing items from the XYZ E-Commerce Store. Scenarios should describe how…
A: A customer is a person who will take part in the exchange with the company. He will make the…
Q: Distinguish between solutions for online transaction processing (OLTP) and data warehousing.…
A: Data warehouses often store data for months or even years. This is to help with historical reporting…
Q: Your average sale is $1000 with a 50% profit margin. Last year (2020) you had 100 returning…
A: Customer Lifetime Value: A forecast of the net profit created throughout the length of a customer's…
Q: Suppose you were potential market_
A: A cultural analysis lays focus on social and cultural aspects of a market or human life, the way…
Q: Brand: adidas what is the frame of reference for the brand? who are their target market? who are…
A: Since you have posted a question with multiple sub parts, we will solve the first-three sub parts…
Q: what temporary situations or changes in life circumstances might influence a consumer to recognize a…
A: Need is aroused by an external or internal stimuli which is generally created by the firm in the…
Q: Qualitative research? What are two methods used for Qualitative research? What can be learned in…
A: Research can be classified into qualitative research and quantitative research. The details of…
Q: Poster message to youth to be responsible user and competent producer of media information
A: Ans. Introduction The point that I will examined is about responsible users and competent producers…
Q: How important is trade credit as a source of short-term financing?
A: Trade credit is the most common and essential source of short-term financing for enterprises. Trade…
Q: How would you describe Food Network’s product mix in termsof width, length, and depth?
A: In terms of width, length, and depth, Food Network has a strong product mix of its own. Talent,…
Q: Forward vertical integration brings you closer to the consumer. Group of answer choices True False
A: Vertical integration is the process through which either the company moves once step ahead or moves…
Q: FAMILY OF KUGA VICTIM TO BRING CLASS-ACTION LAWSUIT AGAINST FORD The family of Reshall Jimmy, who…
A: Companies invest a lot of their resources in conducting market research in various phases of the…
Q: Why is it important for the company to know the lifetime value of their customers? Note: Be specific…
A: Marketers and managers put in a lot of time, effort, and money to follow their customers' journeys…
Q: What is the difference between quantitative and qualitative measurements? Which type of measurement…
A: * Only the first question is answered as the second question is subjective. Social media marketing…
Q: The following are the reasons why a good country brand is essential, except: to attract talented…
A: As per honor code, i have to answer only question 1. so, you have to repost the another question to…
Q: any four mobile marketing application Please do fast asap
A: Marketing is so a part of a business that's rather more manageable via smartphones. Since customers…
Q: What implementation strategies should be considered for this chain of fast-food restaurants, and…
A: Ans. Introduction The fast food industry is exceptionally serious and overwhelmed by huge…
Q: Describe theconcepts ofchannel management,conflict, and cooperation
A: Channel management-In the world of sales and marketing, the term "channel management" is commonly…
Q: What is locations of knowledge at Appl Inc
A: Apple Computer, Inc., is an overall endeavor that makes client hardware, PCs, workers, and PC…
Q: Describe how marketers manage service differentiation, other than through pricing, and describe an…
A: The design and delivery of a service to have unique and valuable characteristics in comparison to…
Q: What are the key roles managers fill to build a learning organization?
A: Manager - A manager is an individual who plays a significant role in the day-to-day management of…
Q: Which of the following are the characteristics of a strong presentation? Question 1 options:…
A: Presentation - It is an activity or practice to express ideas, thoughts, or opinions on any subject…
Q: What are the competitive, legal, political, economic, technological, and sociocultural factors…
A: Features of marketing: 1. Marketing that is focused on the customer: The marketing function of a…
Q: Discuss how lifestyle influences consumers’ buying behavior and how marketers measure lifestyle.
A: Lifestyle surely influences consumers buying behavior, two people with different lifestyles will…
Q: Critique the statement by Lord Robertson “Globalization will make our societies more creative and…
A: Ans. Introduction The advent of globalization can be followed back to the eighteenth century, which…
Q: What are some ethical problems B2C and C2C retailers face?
A: Ethical problems in e-commerce business models refer to those practices and actions that are been…
Q: Explain how the Internet has enhancedretailers’ functions.
A: A retailer, sometimes known as a merchant, is a business that sells things such as apparel, food, or…
Q: ___________A customer tracking system is an example of e-business _______________ resources. a.…
A: E-business states about business activities which are performed on online websites. It requires…
Q: Is there a food and beverage company that utilizes these five management information systems (MIS)…
A: A management information system, or MIS, is a system for gathering, preserving, and distributing…
Q: Descriptive analysis: What are the profitability benefits for Apple to engage in the following Short…
A: * Introduction - Apple Inc is an American-based multinational organization that operates in…
Q: Name the three basic advertising objectives andthe two basic categories of advertising.
A: Marketing has strategy that focus in formulating effective mix of product, price, place and…
Q: What sets Food Network brand apart from the brands of othernetworks? How has social media helped…
A: Food network is a United States company. It is a television channel company that showcases various…
Q: explain why companies use marketing channels and discuss the functions these channels perform.
A: A company's marketing channels are crucial. The success of a manufacturer's business is largely…
Q: Describe an example in which marketing research could cause harm to participants. Many companies…
A: Marketing research firms should perform their research in a morally responsible manner. While…
You have just started a limousine service and strive for an image of quality and luxury. Your limos are always spotlessly clean on the inside, freshly waxed, and stocked with flowers, champagne, and televisions. To cover your costs and create a perception of a premium experience, what would be an appropriate pricing strategy?
Question 10 options: A) Competitive B) Prestige C) Skimming D) Penetration
What must be created in business marketing?
Question 11 options: A) reciprocal arrangements B) involved self-interest mixed with mutual benefit C) competitive barriers D) trust
Step by step
Solved in 3 steps
- Common Pricing Strategies: 1.Value-based pricing2.Competitive pricing 3.Price skimming4.Cost-plus pricing5.Penetration pricing6.Economy pricing7.Dynamic pricing Question: Among the different types of pricing strategy, what do you think is the most effective and has factual basis? Explain briefly. Thank you for answering:)What pricing strategy wouldyou propose for Glitzz? What costs and expenses would be involved? Given your recommended price, what would be the break-even point?PRICING STRATEGY 1. How do sellers will give satisfaction to buyers? 2. What will be the buyers can give to sellers in return? 3. How will the buyer and seller relationship exist or maintain?
- It is recommendable that the Company uses product and pricing strategy, which can provide a twin approach (Koester, 2011). The strategy should focus on ensuring smooth entry of a new product within a targeted marketplace as well as strengthening prices as the product continue to establish itself within the product life cycle. To this end, it is recommendable that the company uses introductory pricing strategies to facilitate a smooth entry.What is your understanding of this paragraph? What is Nike recommended to do from this?It is recommendable that the Company uses product and pricing strategy, which can provide a twin approach (Koester, 2011) The strategy should focus on ensuring smooth entry of a new product within a targeted marketplace as well as strengthening prices as the product continue to establish itself within the product life cycle. To this end, it is recommendable that the company uses introductory pricing strategies to facilitate a smoot entry. What is you understanding of this paragragh? What is Nike recommended to do from this?Marketing Lab: Disney and Surge Pricing Pricing; Basis for pricing; Pricing objectives; Pricing strategy Name:________________________________ Please answer each of the following questions as completely as possible while watching the video. Your answer should not exceed the space provided below each question. The writing style should follow Times new Roman 12 point font size single spacing. 1. What basis of pricing is Disney planning to adopt? Why? 2. Based on the commercial, what do you think is Disney’s pricing objective for adopting surge-based pricing? 3. What type of pricing strategy do you think Disney will adopt if it embraces surge pricing?
- How do you create a 5-page informational brochure will include the following, Role of pricing decisions on the overall company and marketing strategies, Value-based pricing (value-in-use and value-in-exchange), Price skimming and penetration, Management of international distribution channels and logistics, Mass customization, Five aspects of communication, Social media mix, Viral marketing as a viable marketing tactic that can deliver a positive return on investment (ROI)?Common Pricing Startegies: 1.Value-based pricing2.Competitive pricing 3.Price skimming4.Cost-plus pricing5.Penetration pricing6.Economy pricing7.Dynamic pricing Question: Among the different types of pricing strategy, what do you think is the most effective and has factual basis? Explain briefly. Thank you for answering:)QUESTION 1 Due to the fluctuation in the US dollar currency, the prices for commodities in Namibia are changing too because most of the goods are imported and the means of payment is US dollar. This has affected many businesses because they have to change their prices too, but if one changes prices anyhow, they may lose clients or make losses. Assuming that you are a business person and this trend is affecting you; explain 5 pricing strategies you may use to price your goods. QUESTION 2 Royd Joe is an entrepreneur, to do proper planning for his business, he has to take into account of both economic and business factors into considerations. Using Economic and Business forecasting, he should be able to predict trends in his business both in the near future and long run. Differentiate between business forecasting and economic forecasting.
- Asap Company XYZ is considering offering a new service in the field of telecommunication, in your opinion which source of competitive advantage they should adopt? And why?. Also which pricing strategy to apply and Why?What are the advantages of competitor-based pricing? What are the risks of using competitor-based pricing exclusive of other approaches and Identify a few industries in which taking competitor-based pricinginto account might be especially beneficial when developing anoverall pricing strategy. What caused you to select the industriesyou did?1. The formula of paracetamol tablets is vertically identical for all brands. Glaxo charges a premium price for this same product, yet remains the unchallenged market leader. Discuss what this implies about the value of a brand name. Are there any ethical issue involved in this type of pricing? Which pricing strategy they are applying and why?