Please respond to the following:
Identify one product that would benefit from each of these three pricing strategies, and one product that would not benefit from each pricing strategy (cost-plus, customer-driven, and share-driven). State your rationale for each selection.
classmate response: only respond to the question with 2 or 3 sentences.
One product that benefits from the pricing strategy of cost plus would be print products. In my printing business I have set pricing and know exactly the cost in a particular item. Customer driven pricing is setting prices based on a customer’s perceived value of such a product, this is most appropriate in food service I believe. Share-Driven pricing if I remember correctly is essentially competitive pricing, and most service industry product benefit greatly from this type of pricing strategy.
Cost plus would not benefit the service industry which depends on competitive pricing. Printing would not work well with customer driven pricing strategy, simply because customers don’t understand the value placed on a tangible marketing product. Food Service would not work well with the share pricing or competitive pricing I believe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more