Philip Kotler and Gary Armstrong Chapter Chapter 99 Pricing Products: Pricing Strategies Copyright 1999 Prentice Hall Price Price -- Quality Quality Strategies Strategies 11-2 11-2 Price Quality Higher Lower Higher Lower Premium Strategy Good-Value Good-Value Strategy Strategy Overcharging Overcharging Strategy Strategy Economy Economy Strategy Strategy Copyright 1999 Prentice Hall New New Product Product Pricing Pricing Strategies Strategies Market Market Skimming Skimming
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Introduction We are the marketers of Ajisen Ramen. After completing the current marketing analysis and identifying the marketing objectives‚ we identified that the target market is upper age group who concern about health and safety. The marketing objectives are winning the honor of one star or above from MICHELIN Guide within 5 years‚ increasing 15% market share among upper age group within 1 Year and differentiating from others through creating healthy Japanese dishes and atmosphere. In order
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Principles of Marketing‚ 14e (Kotler) Chapter 10 Pricing: Understanding and Capturing Customer Value 1) ________ is the amount of money charged for a product or service. A) Value B) A demand C) Price D) A wage E) Salary Answer: C Diff: 1 Page Ref: 290 Skill: Concept Objective: 10-1 2) Price is the only element in the marketing mix that produces ________. A) revenue B) variable costs C) expenses D) outfixed costs E) stability Answer: A Diff: 2 Page Ref: 290 Skill: Concept Objective:
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Case Analysis: Virgin Mobile USA What we are analyzing here is pricing of a service in a market which is saturated‚ as it has reached maturity‚ is highly capital intensive and in which a large amount of competition prevails. Virgin however is a known brand name with an extremely diversified portfolio. It has experimented successfully with the telecom business in the UK but failed in Singapore. It now targets the USA market; the problems before it are to: come up with an appealing offer and ensure
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MKT202 - INTRODUCTION TO MARKETING GROUP PROJECT ASSIGNMENT TOPIC: MARKETING PLAN Group No. 1 Section-15 Semester: Fall 2012 Submitted to: Mohammad Sakif Amin (Skf) Group Members: Names: T.M. Nafio Nabi Aminul Islam Kaniz Fatema Tanvir Ahmed Manick Mohammad Shuvo ID: 1220582030 1210228030 1220557030 1220602030 1220501030 Date of Submission: 20th December 2012 Page-1 Contents EXECUTIVE SUMMARY .......................................................................
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Ch. 11 – Pricing Strategies * New-Product Pricing Strategies * Product Mix Pricing Strategies * Price Adjustment Strategies * Price Changes * Public Policy and Marketing New- Product Pricing Strategies Market-skimming pricing: Setting a high price for a new product to skim maximum revenues layer by layer from the segments willing to pay the high price; the company makes fewer but more profitable sales. * Product quality and image must support the price * Buyers
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the coming years. After the recent 29% increase in revenue over the past year‚ there are opportunities to take into consideration that will boost this growth for the fourth quarter. This company should join the “industry trend” of distance-based pricing. This will result in higher revenues‚ and will give Airborne Express a more substantial budget to merge with Roadway Package System in order to create a more technologically advanced tracking system. This will not only increase revenues‚ but will
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We will be reviewing the nature of corporate housing‚ how we plan on presenting the product‚ what locations and demographics are ideal for this‚ we will research our competitors‚ and finally create a marketing strategy which will consists of our: pricing‚ promotion‚ distribution‚ and our sales support. II. Business Overview What is Corporate Housing? Simple it is a service provided for those individuals who will be in need of temporary accommodations in a remote location. Corporate Housing provides
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Chapter 10 Pricing Products: Understanding and Capturing Customer Value 1) ________ is the amount of money charged for a product or service. A) Experience curve B) Demand curve C) Price D) Wage E) Salary Answer: C Diff: 1 Page Ref: 290 Skill: Concept Objective: 10-1 2) Price is the only element in the marketing mix that produces ________. A) revenue B) variable costs C) expenses D) outfixed costs E) stability Answer: A Diff: 1 Page Ref: 290 Skill: Concept Objective:
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such as Martha Stewart boutique‚ besides offering services to customers like promotions; free ice creams and hot dogs in July. The main strategy for the new plan is that instead of deep discounts to appeal customers‚ the company will offer three pricing strategies: Daily‚ month long value (events such as back to school)‚ and best prices (big sales). Every day prices of J.C. Penney’s won’t be as low as the deep discounts that offered once; in a trial to persuade customers not to wait
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