MyLab Marketing with Pearson eText -- Access Card -- for Principles of Marketing
MyLab Marketing with Pearson eText -- Access Card -- for Principles of Marketing
17th Edition
ISBN: 9780134518282
Author: Philip T. Kotler, Gary Armstrong
Publisher: PEARSON
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Chapter 10, Problem 10.12AC
Summary Introduction

Case summary: In the year 2015, Company TP wound up amidst a disputable issue when it acquired a current medication Drug DP from another pharmaceutical organization. Drug DP has been around for a long time and is utilized to treat hazardous parasitic contaminations in AIDS and malignant growth patients. In the wake of gaining Drug DP, Company TP’s CEO Person MS immediately raised its cost from the past $13.50 per pill to an astounding $750 per pill.

To discuss: The issues that distress the profitability in the industry.

Characters in the case: Country U, Company TP, Person MS and Drug DP.

Consumer products likewise alluded to as the completed goods that are purchased by people or family units for individual use. As such, consumer products are products that are purchased for utilization by the average shopper.

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Explain how a pharmaceutical company's pricing for a non-proprietary drug might change if the objective was: (a) profitability, (b) sales volume, or (c) market share.
1. Suppose you are an entrepreneurial company engaged in the manufacture of smart phones. What pricing strategy would you adapt that you believe would best serve your objective? Explain. 2. What department/unit in an enterprise (ex. operations, finance etc.) is the most difficult to manage? Support your claim.
4. Who are 401 Games' direct and indirect competitors? How competitive is this industry? Are there any general trends or changes you anticipate for this industry? 5. What is John’s current product mix? What are the options to change that in the future? 6. What is John’s current pricing strategy? Should he change it? Why? What about his place/distribution strategy? What options does he have? 7. What are John’s promotion activities? What else could he do? How effective would that be?
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