Principles of Marketing, Student Value Edition Plus MyMarketingLab with Pearson eText -- Access Card Package (16th Edition)
Principles of Marketing, Student Value Edition Plus MyMarketingLab with Pearson eText -- Access Card Package (16th Edition)
16th Edition
ISBN: 9780133973303
Author: Philip T. Kotler, Gary Armstrong
Publisher: PEARSON
Question
Book Icon
Chapter 10, Problem 10.15VC
Summary Introduction

Case summary:

Hamburger is one of the favorite food for the people in Country U. It is found that the spending of the consumer is more than $100 billion on beef sandwiches for a year. Though, the people have more craze for the burgers there are also dissatisfaction among the consumers due to the low value and quality.

Restaurant S have been started in City D a few years ago, and it had a fast expansion throughout the nation. The Restaurant was started during the economic downturn. The consumers were ready to pay a higher amount than their average lunch check.

Characters in the case:

  • Country U
  • City D
  • Restaurant S

To discuss: The three main pricing strategies with regards to Restaurant S and the core strategic pricing of the Restaurant.

A pricing strategy considers portions, capacity to pay, economic situations, contender activities, trade margins and contribution costs, among others.

Blurred answer
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Text book image
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Text book image
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:9781337407595
Author:Lamb
Publisher:Cengage
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning