1. What is “kamikaze pricing”? Kamikaze pricing is an extreme form of penetration pricing. “Kamikaze” is a reference to World War II Japanese dive bomber pilots who would sacrifice their lives by crashing their airplanes‚ heavily loaded with explosives‚ onto enemy ships. Kamikaze pricing happens when the reasoning for penetration pricing is flawed because marketers wrongly assume lower prices will increase sales. However‚ in the business world‚ the continuous pursuit of increasing sales by lowering
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product development‚ market research and other tasks that are viewed as the more interesting and exciting parts of the job. Yet pricing decisions can have important consequences for the marketing organization and the attention given by the marketer to pricing is just as important as the attention given to more recognizable marketing activities. Some reasons pricing is important include: •Most Flexible Marketing Mix Variable – For marketers price is the most adjustable of all marketing decisions
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the competitors. Ford’s latest pricing strategy is regarding passenger cars to strengthen the brand’s appeal for retail customers. Ford has concentrated on recommending an official list of prices on medium and small cars from August‚ with similar action on Ford’s larger cars and SUV’s to follow in April. Before these prices go into effect‚ Ford will allow dealers to offer special promotions which will help mirror these lower prices in the future. With this pricing strategy‚ Ford is hoping to make
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Pricing Strategy ITC Foods Business Division (Staples) The FMCG & RETAIL Pricing Strategy UNDERSTANDING THE PROCESS FMCG Pricing Strategy is now a critical element of the management mix. Old school management responsibilities of Sales owning the trade spend budget and customer negotiations with marketing owning the Recommend Retail Price do not work in today ’s information driven age. Retail sales volume is now 80% controlled by 2-3 chains with a scattering
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ANALYSIS OF THE TOURISM DESTINATION – CONCEPTUAL–METHODOLOGICAL ASPECTS. CASE STUDY: THE NORTHERN OLTENIA OR OLTENIA BENEATH THE MOUNTAIN FELICIA–AURELIA STĂNCIOIU‚ OCTAVIAN ARSENE‚ NICOLAE TEODORESCU‚ MIRELA MAZILU‚ IOAN COSMESCU‚ ROXANA CRISTINA MARINESCU Felicia–Aurelia STĂNCIOIU‚ Professor PhD Academy of the Economic Studies‚ Bucharest Octavian ARSENE‚ Director of the General Board for Development and International Relations‚ Ministry of the Small and Middle Enterprises‚ Trade‚ Tourism and liberal
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SALIENT FEATURES OF RANGARAJAN PANEL’S FORMULA FOR GAS PRICING: • The new formula‚ if implemented‚ will lead to a near doubling of prices to around $8 billion per mBtu • The Rangarajan Committee’s formula is based on the weighted average price of natural gas in North America‚ Europe and Japan markets as well as imported liquefied natural gas. • These guidelines shall apply from 1st April‚ 2014 and shall be applicable for five years after which market discovery price could be adopted as per the
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Technology and tourism Anna Baines The author Anna Baines is a freelance journalist. Abstract The travel and tourism industry is starting to exploit technology. This is going to change the nature of the services offered‚ and the nature of work within the industry. Employers and employees may have different perceptions about the likely benefits of technology. Discusses the changes at the “higher” and “lower” organisational levels and suggests that the industry is only partially prepared for the
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Mass Media MEANING OF MASS COMMUNICATION Mass Communication is the term used to describe the academic study of various means by which individuals and entities relay information to large segments of the population all at once through mass media. In the United States‚ many university journalism departments evolved into schools or colleges of mass communication or "journalism and mass communication"‚ as reflected in the names of two major academic organizations. In addition to studying practical skills
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The European Tours - TUI Travels Plc TUI Travels Plc is one of the world’s leading leisure travel companies with over 250 of the best loved and market leading travel brands in 180 countries and more than 30 million customers. Question 1 - Value Chain Value chain analysis is the process in which a firm identifies its primary as well as secondary activities that add value to the final products or service. Primary activities. Inbound logistics – TUI Travels Plc has a global supply chain which
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Dixon Edwards October 26‚ 2010 Sex Tourism Sex tourism is the act of tourists traveling to engage in sexual activity with prostitutes that are residents of the destination. A sex tourist is an adult that travels in order to have legal consensual sexual activities with another adult for gifts and most often money. By using existing tourism methods of travel these activities have become easily feasible for any individual looking to explore this sector of tourism. Creating a normal vacation with the
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