PART 1 – SHORT ANSWER 1. Products and services fall into two broad classes based on the types of consumers that use them. They are called consumer products and industrial products. Consumer products are bought by final consumers‚ and are classified according to consumer shopping habits. Industrial products are purchased for further processing or to be used in conducting a business. There are also differences in quantity. Consumer goods are usually much smaller in quantity. The type of materials
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pg.5-6 Branding pg.7 Packaging pg.8-9 Price Importance of Price pg.10 Pricing Methods pg.10-11 Promotion Methods of Promotion pg.12-14 Place Methods of Distribution pg
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1. Introduction and Problem Definition Jason Jowers‚ a newly minted MBA‚ had joined Atlantic Computer just four months ago as the youngest product manager. He would be responsible for developing the pricing strategy for the "Atlantic Bundle" (i.e.‚ the new Tronn server and the PESA software tool)‚ which had been developed specifically to meet an emerging basic server market‚ a new market to the company. But it had to compete with Zink server of Ontario Computer‚ its major rival in this market.
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PRICE DETERMINATION IN A COMPETITIVE MARKET METHOD AND PROBLEM A CASE STUDY OF CONSOLIDATED BREWERIES PLC BY OTTAH SAMUEL O. MATRIC NO: 201042000097 DEPARTMENT OF BUSINESS ADMINISTRATION AND MANAGEMENT. OGUN STATE INSTITUTE OF TECHNOLOGY IGBESA‚ OGUN STATE IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF NATIONAL DIPLOMA IN BUSINESS ADMINISTRATION AND MANAGEMENT CERTIFICATION This is to certify that this research work was carried out by OTTAH SAMUEL O. with matric number 2010042000097
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Case: Keeping Prices as Low as Dell By: Student Name Date: January 17‚ 2012 1a. Which pricing objectives is Dell Inc. pursuing? Dell’s pricing strategy is to ensure profit maximization. In the case‚ we see that Dell is seeking to sell as many products as they can in order to achieve high revenues. Their main objective is to maximize long term profitability through the increase in market share and lowering costs as much as possible. Dell was aware of IBM’s dominance of the market‚ and therefore
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the Superior Supermarkets case study is: Should Superior Supermarkets adopt an “Everyday Low Price” pricing strategy? II. Alternative Courses Maintain Current Pricing Strategy i. Advantages 1. No New Training or Advertising Adjustments Needed 2. Maintains Current Profit Margins (High Margin) 3. Avoids a Possible Pricing War with Competitors ii. Disadvantages 1. Potential
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DEXTER’s product‚ pricing‚ place‚ promotion‚ process‚ people and physical evidence is analyzed below- Marketing Mix of our service According to many marketing specialists “Marketing is putting the right product in the right place‚ at the right price‚ at the right time”. The marketing mix analysis shows the simple formula for success in marketing. A business just need to create a product or service that a particular group of people want then put it on sale at some places that those same people
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out along with well known adverts and slogans. It has a few competitors‚ with the main direct competition being cadbury’s dream white chocolate‚ and Whitaker’s own version of white chocolate. The pricing strategy used for the milky bar is a combination of competition pricing and product line pricing. The cost range of products they produce are set differently -higher or lower depending on the product/size of product but they are all priced very similar to other products of the same type or size
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Developing a marketing mix for a new product or service. In this assignment I will be looking at how product and services are marketed and look at how a marketing mix is developed using the four P ’s: Product‚ Price‚ Place‚ and Promotion. The Marketing Mix provides an excellent framework for developing marketing plan. They are generally accepted as being made up of four parts which are: • Product • Price • promotion • place These are ideas to consider when marketing a product and shall be
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Introduction: The simulation developed a knowledge of pricing by managing a rental car operation in Florida and developing a pricing strategy keeping the competitor in mind. The simulation involved three regions Oriando‚ Tampa and Miami‚ which vary in market dynamics‚ size and customers. The focus is competition between two car rental companies and the simulation last up to 12 months. I had to set weekday and weekend price for the entire three regions for each month and make a fleet decision. Description:
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