"Pricing" Essays and Research Papers


136 - Unit 2: Marketing Plan: Pricing Strategies Pricing Strategies There is no limit to the number of variations in pricing strategies and tactics. This wide variety of options is exactly what allows small business owners to be so creative. Pricing always plays a critical role in a firm’s overall strategy: pricing policies must be compatible with a company’s total marketing plan. Introducing a New Product Most small business owners approach setting the price of a new product with a great...

Premium Business, Competition, Marketing 1917  Words | 6  Pages

Open Document


Activity 6- Pricing 1. Give an example of each major type of pricing objective: profit-oriented pricing, sales-oriented pricing and status quo pricing. Lamb/Hair/McDaniel (2012) mention that establishing realistic and measurable pricing objectives is a serious part of any firm’s marketing policy. Pricing objectives are usually categorized into three categories: profit oriented, sales oriented and status quo. In consistent with Lamb/Hair/McDaniel (2012) profit oriented pricing is based on profit...

Premium Elasticity, Inverse demand function, Marketing 1523  Words | 5  Pages

Open Document

Pricing Strategy

Developing Pricing Strategies and Programs Marketing Management Price Changing in the Internet Internet reverse the fixed pricing trend, since: Buyers can: Get instant price comparisons from thousands of vendors. Name their price and have it met. Get products free. Both Buyers and Sellers can: Negotiate prices in online auctions and exchanges Sellers can: Monitor customer behavior and tailors offers to individuals. Give certain customers access to special prices. Consumer Psychology...

Premium Cost, Costs, Marketing 608  Words | 5  Pages

Open Document

Pricing Strategies

Written Assignment 5 Pricing Strategies One of the four major elements of the marketing mix is price. Pricing is an important strategic issue because it is related to product positioning. Pricing also affects other marketing mix elements as well, such as product features, channel decisions, and promotion. A pricing strategy is a course of action designed to achieve pricing objectives. This strategy helps marketers set prices. There are many ways to price a product. The following, figure...

Premium Business, Customer service, Marketing 1718  Words | 7  Pages

Open Document

Pricing Strategy

Pricing Pricing is the process of determining what a company will receive in exchange for its products. Pricing factors are manufacturing cost, market place, competition, market condition, and quality of product. Pricing is also a key variable in microeconomic price allocation theory. Pricing is a fundamental aspect of financial modeling and is one of the four Ps of the marketing mix. The other three aspects are product, promotion, and place. Price is the only revenue generating element amongst...

Premium Competition, Cost, Marketing 1449  Words | 4  Pages

Open Document

Pricing Strategy

Pricing strategies An enterprise should have a good pricing strategy which is suitable to the company’s current situation or condition in order to earn more profits. By adopting a good pricing strategy, company has a key option to stay viable. If a company wants to earn more profit, merely raising the price of a product is not a good option particularly in economy recession. It can lead a company to downfall as the company’s product lost out in the marketplace because of the price factor. Product...

Premium Competition, Cost, Marketing 864  Words | 3  Pages

Open Document

Pricing and Distribution

Pricing is one of the most important elements of the marketing mix as it is the only mix, which generates a turnover for the organization; the remaining 3p's are the variable cost for the organization. It costs to produce and design a product; it costs to distribute a product and costs to promote it. Price must support these elements of the mix. Pricing is difficult and must reflect supply and demand relationship (Constantinides, 2006). Pricing a product too high or too low could mean a loss of sales...

Premium Marketing, Marketing mix, Price 1929  Words | 6  Pages

Open Document

Pricing and Milo

2.2 Pricing Strategy 2.2.1 Factors affecting pricing decisions Milo is considered as a product of monopolistic competition market because there are many competitors of Milo in the market. Some of the competitors include Vico, Ovaltine, Horlicks, Dutch Lady and Nutrilite. Secondly, monopolistic competition market has free market entry and exit. This means that new competitors can enter the market easily and Milo may be easily force out of the market by its competitors. Monopolistic competition...

Premium Competition, Marketing, Marketing mix 784  Words | 3  Pages

Open Document

pricing strategy

. Pricing Strategies: 1. Penetration Pricing:   This pricing strategy is followed by companies with the intention to maximize their market share. They believe that a higher sales volume will lead to lower unit costs & higher long-run profit. Example: China Mobile Phones in India.This is one of the fastest growing industries in India. China mobile phones are cheap and offer the same features as a expensive mobile from some other well known manufacturer  few samples of Chinese mobiles are shown...

Premium Ericsson, IPhone, Marketing 613  Words | 3  Pages

Open Document

Lg Pricing

studyLG believes in honest pricing and not being gimmicks of discounts and price reduction as lure.  Their strength of marketing is consumer pool, good products and pricing power. * Its product designs are centred on the middle & upper class and the ads screened highlight the product features. * Its employees are totally committed to quality and innovation. They chant “TPI 50 and TDR”, which signifies, total productivity innovation and tear down re-engineering. Through this method the...

Premium Brand, Cost, LG Electronics 1710  Words | 5  Pages

Open Document

The pricing policy

MARKETING Session III: Pricing Policy Question I: Why is pricing policy so important in the marketing mix of a product ? What is pricing? Pricing is the process of determining what a compagny will receive in Exchange for its products. Pricing strategy is important for several aspects in the compagny wich are: Survival : short-term objectives are set in order to survive Profit :the objective is to maximise profits Return on investment : prices are set to attain a specified return on...

Premium Consumer theory, Marketing, Marketing mix 1860  Words | 7  Pages

Open Document

Pricing Strategy

Pricing Strategy and Channel Distribution Pricing Strategy and Channel Distribution Determine and discuss a pricing strategy (Penetration or Skimming). The pricing strategy for Crystal Light Kicks will eventually be in line with current pricing of other Crystal Light products as the Crystal Light brand is already in existence. Current Crystal Light pricing is at a suggested retail price of $2.56 oz for a 1.4 oz package ($3.54) that includes 10 on the go packets and $1.25 oz for a...

Premium Distribution, Kraft Foods, Marketing 1054  Words | 4  Pages

Open Document

Pricing Strategy

E. Pricing Strategy FARMERS GRANARY PRODUCT COSTING Production cost per hectare for 110-120 days Direct Expense Urea Fertilizer Php 6,300.00 Pesticide 2,4-D Amine Weed Killer Php 500.00 Surekill Molluscicide Killer Php 960.00 Php 1,740.00 Sacks 200 pieces Php 2,600.00 Seeds (Hybrid) Php 23,050.00 Total Direct Expense Php 33,690.00 Indirect Expense Fuel Php 500.00 Irrigation Php 1,200.00 Kuliglig or Two-wheeled...

Premium Cost, Green Revolution, Harvest 252  Words | 2  Pages

Open Document

Pricing Strategy

Pricing Strategy To set a pricing strategy, there are number of steps taken into consideration as follows: Step 1: Our pricing objectives are to maximize market share and increase sales volume. This strategy will be used when TrackR is being launched into the market. We charge a reasonable price in order for TrackR to be accessible in the market as quickly as possible and also to encourage the interest and excitement of a product. Because of the low price, we are able to raise the sales volume...

Premium Cost, Costs, Marketing 699  Words | 2  Pages

Open Document

Managemnt Pricing Title

Course Outline MBA 2011-13 Management of Pricing Elective Subject, Credit 2 20 Hours Course Coordinators: Ranajoy Bhattachrayya, Pinaki Dasgupta & Biswajit Nag (both for Delhi & Kolkata) (I) Objective The objective of this course is to bring both theoretical as well as actual practices in decision making process for pricing of goods or services. Pricing has moved up to the top priority in management decision making especially during the time of changing economic environment...

Premium Competition, Decision making, Economics 825  Words | 6  Pages

Open Document

Cost-Based Pricing vs Value Based Pricing

There are several differences between cost-based pricing and value-based pricing. In this essay we will consider a few of them. Value-based pricing is based on the customer’s perception of value rather than the seller’s cost as the key. Cost-based pricing is based on the product. A company comes up with an idea of what they think would be a good product and sets the price after considering all the production costs plus a target profit. (Kotler, Armstrong, 2008, p. 285, 286) Instead of starting...

Premium American middle class, Cost, Labor theory of value 972  Words | 3  Pages

Open Document

Marketing Pricing Strategy

Pricing Strategy Today’s highly competitive business world forces companies to create different tactics and relatively rely on multiple pricing strategies to conduct business. As is known, pricing is one of the most important steps for business plan which needs good research, calculations and formulations. There are different pricing strategies to put into effect due to the market and product conditions, such as premium pricing, penetration pricing, economy pricing, price skimming(Voice...

Premium Distribution, Management, Marketing 1581  Words | 4  Pages

Open Document

Implementing Pricing Strategy

Running head: IMPLEMENTING PRICING STRATEGY Implementing Pricing Strategies Janaina Logan Strayer University Strategic Market Pricing – MKT 402 Professor Charla Session-Reed March 18, 2011 Abstract Implementing pricing strategy decisions requires properly addressing organizational issues related to how decisions are made and enforced as well as motivational issues that encourage managers to engage in more profitable behaviors. Pricing decisions are strategic and...

Premium Cost, Costs, Fixed cost 1003  Words | 4  Pages

Open Document

Pricing Strategies Formula 1

price: selecting the pricing objective, determining demand, estimating costs, analyzing competitors costs, prices and offers, selecting a pricing method and selecting the final price, Singapore GP Pte Ltd employed 2 different pricing strategies. They are 1. Price discounts and allowances 2. Differentiated Pricing Promotional pricing was not used in the sale of the FORMULA 1™ SingTel Singapore Grand Prix tickets as none of the techniques: lost-leader pricing, special-event pricing, cash rebates, low-interest...

Premium Cost, Discounts and allowances, Formula One 954  Words | 3  Pages

Open Document

Selecting a Pricing Method

Selecting a Pricing Method 3 major considerations in price setting : costs of production, distribution, communication set a floor to the price competitors’ prices and the price of substitutes provide an orienting point customers’ assessment of unique features establishes the price ceiling (plafond) Companies select a pricing method that includes 1 or more of these three considerations. We will examine 6 price-setting methods: Mark-up pricing, target-return pricing, perceived-value...

Premium Competition, Cost, Costs 882  Words | 3  Pages

Open Document

Choosing the Wrong Pricing Strategy

Choosing the Wrong Pricing Strategy Can Be a Costly Mistake: Knowledge@Wharton (http://knowledge.wharton.upenn.edu/article.cfm?articleid=792) Choosing the Wrong Pricing Strategy Can Be a Costly Mistake Published : June 04, 2003 in Knowledge@Wharton Prices have been at the center of human interaction ever since traders in ancient Mesopotamia -- our modern-day Iraq -- began keeping records. Who doesn’t love to guess what something costs – or argue about what something ought to cost? So it...

Premium Ford Motor Company, Joseph Wharton, Marketing 1683  Words | 5  Pages

Open Document

Pricing Strategy and Channel Distribution

The Note Phone Marketing Plan – Pricing Strategy and Channel Distribution Lisa S Carey Marketing Management – MKT 500 February 13, 2011 Instructor: Dr. Keith C. Jones Marketing Plan – Pricing Strategy and Channel Distribution for the Note Phone 1. Determine and discuss a pricing strategy (Penetration or Skimming). Pricing is an important strategic issue because it is related to product positioning and furthermore, pricing affects other marketing mix elements such as product features...

Premium Business ethics, Competition, Distribution 1919  Words | 5  Pages

Open Document

Marketing-Pricing Cases

Pricing Course Module in Marketing Management Course Modules help instructors select and sequence material for use as part of a course. Each module represents the thinking of subject matter experts about the best materials to assign and how to organize them to facilitate learning. Each module recommends four to six items. Whenever possible at least one alternative item for each main recommendation is included, as well as suggested supplemental readings that may provide a broader conceptual context...

Premium Elasticity, Marketing, Marketing research 1446  Words | 6  Pages

Open Document

Dhl Pricing Strategy

at the customers’ end - The pricing scheme is complex and varies greatly throughout the regions based on country managers decisions - Not a strong domestic player in large countries like US, Canada and Australia 3. What are some advantages and disadvantages of DHL’s current pricing structures? Are they exercising price leadership? Explain. Advantages: - Different pricing structures can accommodate different type country market customers. - Flexible pricing structures, which gives the regional...

Premium Competition, Cross elasticity of demand, Elasticity 1314  Words | 5  Pages

Open Document

Itunes Music Pricing

iTunes Music Pricing Josefina Anorga Carlos Albizu University iTunes Music Pricing Adopting a variable pricing policy might increase the sales revenue of Apple’s Music Store. Pricing the more popular songs at a higher price and the less popular ones at a lesser rate would generate higher sales for the lesser popular ones. Thus making up for the slight drop in sales of expensive tracks and ultimately working towards overall increased revenues. Although most songs with a higher price point...

Premium Apple Inc., Digital rights management, IPhone 906  Words | 3  Pages

Open Document

The Future of Revenue Management and Pricing

com/rpm FUTURES The future of revenue management and pricing science Phi Hoang Received (in revised form): 1st August, 2006 Walt Disney World E-mail: Phi.Hoang@disney.com Phi Hoang is currently Director of Decision Science for Revenue Management at Walt Disney World where he is responsible for overseeing the strategic direction for applying operations research and statistical techniques to solve complex revenue management and pricing problems. He has been with Disney since 1995 and has played...

Premium Decision making, Decision theory, Macmillan Publishers 1466  Words | 5  Pages

Open Document

Coca Cola Pricing Strategies

0. Preface 1. New-Product Pricing Strategies 2. Product Mix Pricing Strategies - In a relationship with cost and customers’ demand - In a relationship with competitors 3. Price Adjustment Strategies a. Discount and Allowance Pricing b. Psychological Pricing c. Geographical Pricing When marketers talk about what they do as part of their responsibilities for marketing products, the tasks associated with setting price are often not at the top of the list. Marketers are much more likely to...

Premium Coca-Cola, Cola, Marketing 1031  Words | 4  Pages

Open Document

Indomie Pricing Strategy

Indomie Pricing Strategy One of the four major elements of the marketing mix is price. Pricing is an important strategic issue because it is related to product positioning. Furthermore, pricing affects other marketing mix elements such as product features, channel decisions and promotion. In this case, Indomie is brand of noodle which was produced by PT Indofood Sukses Makmur, Tbk. As a leader of brand noodle, Indomie has pricing strategies, it product-line pricing. They set different price in...

Premium High school, Instant noodles, Marketing 1107  Words | 4  Pages

Open Document

Cost Plus Pricing

Share Driven Pricing - Some Companies are driven to get the most market share. But your goal shouldn’t be market share but maximizing contribution margin. Value Creation – Economic Value, Offering Design, Segmentation. Product manager face challenge as they are expected to set prices that capture the value offered by their products that also maximize price. Typically turns to marketing, where research is completed. Example research shows 10% higher customer response, but doesn’t gaurntee...

Premium Contribution margin, Cost, Costs 1022  Words | 5  Pages

Open Document

Pricing Strategies for Backpacks

How Pricing strategies Affected the sales of MODE Accessories backpack Price makes up the one quarter of the controllable marketing mix factors and could be blamed for most company’s success or failure. This report will cover the affect pricing had on the sales of MODE Accessories backpack over a 6-term timeline, specifically focusing on the pricing strategy in the growth stage of the product, a rise in the market price due to a change in design and how a decision to change the target market...

Premium Change, Competition, Marketing 902  Words | 4  Pages

Open Document

Pricing Strategy and Distribution

Nature Beauty Price strategy will be the penetration theory for my product. Penetration is pricing low to stimulate the sales, encourage trail, and trigger by word of mouth. Nature Beauty’s mineral powder foundation will not be a new product that no company has similar to. We will need to start by gaining the trust of the consumers by word of mouth and different marketing strategies to the targeted customers. This way once the product has some buzz and customers appreciate the products value, we...

Premium Aesthetics, Competition, Marketing 1262  Words | 3  Pages

Open Document

Nokia's Pricing Strategy

Case No.07 – Nokia’s pricing strategy Nokia is one brand name that inspires all those who are into the mobile culture. Of the entire brand that touches our lives, Nokia stand s out significantly. It has taken mobility a step forward by creating products with continuous innovations in this industry has made it imperative that every player keeps pace with changes. Nokia has been one step ahead in anticipating future market moves and strategizing accordingly. Interestingly the company prices its...

Premium Brand, Marketing, Mobile phone 737  Words | 3  Pages

Open Document

Product & Pricing Strategies

Activity 4: Colgate-Palmolive Case Study – Product and Pricing Strategy Gina L Lawrence MBAO209-MGT-541-A: Applied Marketing Management Indiana Wesleyan Instructor: Janis McFaul June 27, 2011 I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing...

Premium Electric toothbrush, Marketing, Oral hygiene 912  Words | 3  Pages

Open Document

Pricing of Red Meat in Rajshahi

Abstract The purpose of this project is to understand the pricing mechanism of red meat in the perspective of Rajshahi, Bangladesh. There are some factors that influence the meat price. Two parties are directly involved with pricing mechanism of meat in general though some uncontrollable variables intervene. Regarding these factors what the consumers perception is about the pricing of red meat. Key words: Meat price, factors influence the meat price, uncontrollable variables, consumer perception ...

Premium Cattle, Cost, Costs 1668  Words | 6  Pages

Open Document

American Airlines Dynamic Pricing

demand forecasting, pricing optimization, and system implementation and distribution. Though individual airlines in the States are not owned by the government, it effectively controlled their performance until the late 1970s by setting a single price for each route and decreeing which of many carriers could operate where, but from the late 1970s on, the government relaxed the rules. American Airlines (AA) was the first to use basic revenue management techniques, offering dynamic pricing in shape of discounted...

Premium Airline, Continental Airlines, Marketing 2522  Words | 7  Pages

Open Document

Product, Pricing, and Channels Paper

Product, Pricing, and Channels Paper MKT/421 Product, Pricing, and Channels Paper The following paper reviews how the Magnolia Bakery, offers its products and services to a target markets that are considering fresh bread from the oven every day delivery at the customers’ doors, early in the morning, for family breakfast. This discussion reviews include several areas such as the product features and benefits; the phases of the product’s lifecycle; the packaging of the product; the pricing strategy...

Premium Bread, Breads, Marketing 1997  Words | 8  Pages

Open Document

Atlantic Computer: a Bundle of Pricing Options

Computer: A Bundle of Pricing Options 1.24.2012 Question #1) What price should Jowers charge DayTraderJournal.com for the Atlantic Bundle (i.e., Tronn servers+PESA software tool)? 1) Under the status-quo pricing, Jowers should chard $4000 for the Atlantic Bundle. 2) Under the competition-based pricing, $6800 should be charged for the Atlantic Bundle. 3) Under the cost-plus pricing, $4491.04 should be charged for the Atlantic Bundle. 4) Under the value-in-use pricing (maximum value), $12800...

Premium Application software, Computer software, Free Software Foundation 776  Words | 3  Pages

Open Document

Branding, Pricing and Distributiin

sure that the business is growing and flourishing with due smoothness (Burrow, 2008). The pricing strategy so considered by the company is optimum and effective in nature. It primarily sees to it that the running conditions are supposed to be made highly supportive just to meet customer’s expectations. There stays great need to go for carrying upon business growth and progression hopefully. Pricing strategy so developed by the company is said to be very much effective just to make it in reach...

Premium Brand, Brand management, Branding 1237  Words | 4  Pages

Open Document

Branding, Pricing, and Distribution

Branding, Pricing, and Distribution Gary D. Tate Strayer University Marketing-500 Instructor: Brett Jordon 5/17/2012 Branding, pricing, and distribution are all integral parts of a strategic marketing plan. Each segment of the plan needs to be developed individually with the entire culmination of the plan in mind. In other words, each segment should be a link in the chain to a completed marketing strategy. The ultimate goal is to reach a successful culmination of all three tiers that...

Premium Brand, Branding, Distribution 1512  Words | 4  Pages

Open Document

International Pricing

International Pricing-15 What is a Price? * Revenue received by a business in exchange for benefits provided * Customers give-up in exchange for the benefits they receive * Costs include: money, time effort, opportunities General Factors in Price Determination * True markets (customers have options) price determined by a combo of cust/co. issues including: * Pricing obj. of business, business constraints, gen pricing strategies, customer influences, competitive forces...

Premium Cost, Economics, Export 751  Words | 4  Pages

Open Document

Pricing Decisions

1. Pricing decisions Factors to consider when setting prices All profit organizations and many non profit organizations must set prices on their products or services. Simply defined, price is the amount of money charged for a product or service. More broadly, price is the sum of the values consumers exchange for the benefits of having or using the product or service. A company's pricing decisions are affected both by internal company factors and by external environmental factors. These factors...

Premium Competition, Economics, Marketing 816  Words | 3  Pages

Open Document

Full Cost Pricing and Marginal Costing

Full Cost Pricing Selling price arrived at by adding overheads and profit margin to the direct cost per unit of a product. In a manufacturer's overheads computation, less than full capacity utilization of the plant is factored in to allow for fluctuations in the output. The profit margin is computed as a fixed percentage of the average total cost of the product. Pricing - full cost-plus pricing Full cost plus pricing seeks to set a price that takes into account all relevant costs of production...

Premium Cost, Costs, Economics of production 1498  Words | 5  Pages

Open Document

Mcdonald's Pricing Strategy

McDonald’s pricing Strategy Jose J Molina CHARLA SESSION-REED MKT 402-Strategic Market Pricing 02/20/2010 How well does the company create value for its market segments? Explain I have chosen to review the pricing strategy of the fast food company McDonald. I am amaze with the way McDonald’s has dominate the fast food industry. To put it into “marketing speak”, when McDonald’s decided to be the family friendly low cost restaurant in the fast food business, they were deciding on...

Premium Burger King, Fast food, Fast food restaurant 1020  Words | 3  Pages

Open Document

Skimming and Penetration Pricing

MARKET SKIMMING PRICING: It is a pricing strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time. The purpose of such strategy is to make higher profits within the short run period in order to recover the costs incurred in product researching, manufacturing, marketing etc. because such costs associated with the product are high.  However this strategy carries with it the risk of acceptance of the product in the market as other...

Premium Apple Inc., IPhone, IPod Touch 1093  Words | 4  Pages

Open Document

Atlantic Computer: a Bundle of Pricing Option

Atlantic Computer: A Bundle of Pricing Option [pic] |Submitted To |Prof. Joffi Thomas | |Date of submission |July 29, 2009 | |Submitted By |Ajay Kumar Meena |PGP/13/249 | | ...

Premium Competition, Computer software, Cost 946  Words | 6  Pages

Open Document

MKT 500: Branding, Pricing, and Distribution

 Branding, Pricing, and Distribution Strayer University MKT 500/ Marketing Management 08/06/2013 Abstract This assignment focuses on branding, pricing, and distribution of Clear-Springs, Inc.’s product and service. In this assignment, a domestic and global product branding strategy was created and the optimum pricing strategy was determined and discussed in detail. An examination on how the company’s pricing strategy supports its branding strategy was compelled and...

Premium Brand, Brand management, Branding 1248  Words | 4  Pages

Open Document

Wembley Stadium Pricing Study

Ticket Pricing Strategy for the new Wembley Stadium 1 Introduction OBJECTIVE To maximise profits from ticket sales at Wembley Stadium KEY ASSUMPTIONS 1. Wembley has a monopoly on certain types of match 2. Wembley is run by profit maximising managers selling tickets to utility maximising buyers STRATEGY Set prices for seats as close to the willingness to pay as possible using price discrimination KEY CHOICES What type of seating to sell and at what price? 2 Scope This strategy is limited...

Premium FA Cup, FA Cup Final, Marketing 1391  Words | 6  Pages

Open Document

Standard Machines Pricing

their own prices, further commoditizing Standard’s line of products. A rebate would offer an incentive for Occidental to purchase, because the company knows that they will be rewarded on the back end. Another way for Standard to remedy this pricing situation is to offer additional services along with its milling machine in order to further differentiate themselves from their competitors. Standard’s package could include an unlimited warrantee for a specified amount of time greater than that...

Premium Bidding, Competition, Machines 668  Words | 3  Pages

Open Document

Airline Industry: Pricing Structure and Strategies

 Airline Industry: Pricing Structure and Strategies ABSTRACT The profitability of an airline industry depends on filling seats, and on the company’s ability successfully to anticipate the cost and price structures of their competitors. However, many airline carriers have a hard time accomplishing this because the average airline passenger just needs to travel from one destination to another in the most convenient and shortest amount of time at a reasonable price. Therefore, customers in...

Premium Airline, Avianca, Competition 2098  Words | 9  Pages

Open Document

Pricing Strategy Adopted by Regional Airline

business. Each of the above business segments has its own characteristics in terms of investments revenues potential, costs, as well as production requirements. The new airline's pricing strategy will also set it apart from the pack and will form a key aspect of its overall marketing strategy. Factors to consider before pricing are: (i) Cost factors: - An airline incurs two types of cost of operations, Fixed and variable. Fixed costs are that of the Aircraft acquisition, Fuel, Staff salaries,...

Premium Airline, Ancillary revenue, Low-cost carrier 1366  Words | 4  Pages

Open Document

Penetration vs Skimming Pricing Strategy

The pricing strategy for a new product should be developed so that the desired impact on the market is achieved while the emergence of competition is discouraged. Two basic strategies that may be used in pricing a new product are skimming pricing and penetration pricing. Skimming Pricing Skimming pricing is the strategy of establishing a high initial price for a product with a view to “skimming the cream off the market” at the upper end of the demand curve. It is accompanied by heavy expenditure...

Premium Competition, Elasticity, Marketing 1631  Words | 5  Pages

Open Document

Transfer Pricing

discussion of adopting transfer pricing regime in Bangladesh and needed initiatives for it. In this regard it is necessary first to develop clear perception about the concepts related with the issue. Keeping in view this need this section consists of review of the literature that is focused on how to adopt transfer pricing regime in Bangladesh, what initiatives to follow to adopting transfer pricing regime. The section further unfolds the impacts of transfer pricing regime in Bangladesh and then discusses...

Premium Globalization, Pricing, Public finance 1101  Words | 4  Pages

Open Document

Product Pricing and Channels Paper

 Product, Pricing, and Channels Paper Todd Allen, Kevin Castro, Brisa, Gonzales, Saya Narvaza, Robert Thorson, and Slavica Vuckovic MKT / 421 February 18, 2015 Kenneth Peter Product, Pricing, and Channels Paper A detailed description of the features of your product or service including how it solves the needs of your target market: The Apple Watch II features a sapphire crystal screen, increased water resistance, and kinetic battery technology. The use of a sapphire crystal screen isn’t considered...

Premium App Store, Apple Inc., IPhone 1631  Words | 8  Pages

Open Document

How Starbucks Uses Pricing Strategy for

How Starbucks Uses Pricing Strategy for Profit Maximization by Tucker Dawson Last Thursday Starbucks raised their beverage prices by an average of 1% across the U.S, a move that represented the company’s first significant price increase in 18 months. I failed to notice because the price change didn’t affect grande or venti (medium and large) brewed coffees and I don’t mess with smaller sizes, but anyone who purchases tall size (small) brews saw as much as a 10 cent increase.The company’s third...

Premium Coffee, Coffeehouse, Dunkin' Donuts 1131  Words | 3  Pages

Open Document

Analyzing a Pricing Strategy- Dominos Pizza

Analyzing Pg. 1 Analyzing a Pricing Strategy- Dominos Pizza Reginaldo Garcia Professor Amy Pinsk MKT 402 May 1, 2011 Analyzing Pg. 2 The Dominos brand was founded in the United States of America in 1960 by Thomas and James Monagham. Since then, that business has grown into a global network of over 9,379 pizza stores in more then 70 countries, involving over 200 franchises...

Premium Domino's Pizza, Dominoes, Marketing 794  Words | 6  Pages

Open Document

Pricing Strategy of Soft Drinks Today

{draw:g} Table of Contents Soft drink Industry: {text:bookmark-start} Introduction: {text:bookmark-end} We will basically focus on the pricing strategies adopted by these two affluence companies, how the change in the strategy of one of them reflects in the strategy of the other. {text:bookmark-start} Entry barriers in soft drink Market: {text:bookmark-end} The several factors that make it very difficult for the competition to enter the soft drink market include: Network...

Premium Bottle, Caffeine, Coca-Cola 1310  Words | 4  Pages

Open Document

The Left Digit Effect in Pricing Strategy

The Left Digit Effect in Pricing Strategy: $19.99 Because $20 is Too Much! Have you ever come across price tags that have 9 endings? Have you ever bought those merchandise with 9 endings thinking that was the best deal and ended up with an enormous bill? Do you notice that the 9 endings are usually printed in a much smaller size than the digits on the left? This is a result of a psychological concept called “The Left Digit Effect” in which people tend to pay more attention to the left-most digits...

Premium Dollar, Numerical digit, Price 1328  Words | 4  Pages

Open Document

Assignment 3: Pricing Strategy and Channel Distribution

Assignment 3: Pricing Strategy and Channel Distribution 1. Determine and discuss a pricing strategy (Penetration and Skimming) The penetration pricing strategy approach is what we are going use to represent our SONO water filter products in today’s market. Since it serves as many customers as possible representing different valua-tions, this pric¬ing model will be our best option. The advantage this approach holds for us is the low volume customers, who presumably have a relatively lower valu¬ation...

Premium Distribution, Marketing, New product development 1334  Words | 4  Pages

Open Document

Pricing Strategies

Pricing Strategies Competition based pricing Setting the price based upon prices of the similar competitor products. Competitive pricing is based on three types of competitive products: * Products having lasting distinctiveness from competitor’s product. Here we can assume * The product has low price elasticity. * The product has low cross elasticity. * The demand for the product will rise. * Products have perishable distinctiveness from competitor’s product, assuming the product...

Premium Competition, Cost-plus pricing, Economics 815  Words | 3  Pages

Open Document

Foreign Exchange Rate Fluctuation on Pricing Decision

fluctuations in foreign exchange rates have on the pricing decisions of export marketing managers? Globalization is no longer an abstraction but a stark reality that virtually all firms, large and a small, face. Firms that want to survive in the 21st century must confront all encompassing force that pervades every aspect of business. However, exchange rate fluctuation is an issue that affects the decisions marketing managers make about pricing. Management faces different decision situations,...

Premium Currency, Exchange rate, Foreign exchange market 1094  Words | 3  Pages

Open Document

Become a StudyMode Member

Sign Up - It's Free