Marketing Strategy – Price
Absolut Vodka should to have clear pricing goals, in order to give direction to the entire pricing process.
Absolut Vodka pricing objectives are:
• The maximization of long term profits
• The increase in sales volume
• The growth in market share
• Company growth
• Match competitors prices
• Enhance the image of brand and product
• Create interest and excitement about our new product Pricing strategy
Absolut Vodka refers to the Super-premium segment. For this reason the price should remain in line with the competitor price range: a price reduction is not suitable, because it can be associated with a lack of quality. In addition Absolut Vodka standard target is less sensitive to the price, because of the product high quality and good value-for-money.
As a guide line, the Absoult Vodka price for Irish distributors should be:
|Absolut Vodka 50 ml |€1.40 | |Absolut Vodka 200 ml |€5.82 | |Absolut Vodka 375 ml |€9.02 | |Absolut Vodka 750 ml |€14.04 | |Absolut Vodka 1 L |€17.91 | |Absolut Vodka 1.75 L |€28.53 |
As a guide line, the Absoult Vodka price for American distributors should be:
|Absolut Vodka 50 ml |$1.95...
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