analyze the best possible pricing strategy for the Virgin Mobile venture into the United States. 1.2 Situation Virgin is a global company that has 200 corporate entities involved in everything from planes and trains to beverages and cosmetics. The newest addition is the Virgin Mobile USA entity‚ which was created after Virgin was able to successfully penetrate the U.K. cellular market. However‚ the company was not so successful with the mobile services in other parts of the world. The company has
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STUDENT: | Louis-Claude ROUX | PROFESSOR: | Philippe René Gillet | CASE: Virgin Mobile USA “Pricing for the first time” | DATE: 20/02/2012CLASS: MBS-Entrepreneuriat | PART I) ANSWERS BASED ON MY “GUT FEELINGS” Virgin Mobile targets the 14 to 24-year-olds market. The case lays out three pricing options. Which option would you choose and why? I would go for option number two for several reasons. The first one is that I think offer number one is not sufficiently different from the rest
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Introduction 1.1 Aim This report aims to investigate the mobile phone use of Melbournians. Demographically‚ this report will focus on Students aged between 12-30 years old. This report is for the Minister of Consumer Affairs and will provide supplementary information about this growing industry. 1.2 Background The mobile phone is one of the most beneficial tools in our modern society‚ not only for business adults but for the students. Mobile phones have become an integral part of our everyday
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Considering the youth that Virgin Mobile is targeting‚ we conclude that the best strategic decision will be to establish a new plan that offers no contract requirements‚ lower than industry average minute prices‚ fixed minute rates with no additional or hidden fees‚ prepaid plans internet and text messaging included and subsidies of around 40 dollars per cellphone. This new plan is necessary to differentiate Virgin Mobile from its competitors and retain market share. By having the new venture with
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Aussie Rules in Sports Betting About Aussie Rules Australian Rules football‚ or Aussie Rules is certainly considered unique to Australia‚ with few other countries participating in the game. This sport is easily watched by the most people in Australia‚ and many Australian sports fans love to have a punt of the games. The top division in Aussie Rules is the AFL (Australian Football League)‚ which features 18 teams. The season runs for a total of 23 rounds from March until September‚ followed by a
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Virgin Mobile has strategically shaped its marketing mix to appropriately target the younger demographic. First‚ lets look at it’s the product element. The younger demographic is more open to new things like text messaging‚ downloading information from their phones‚ ring tones‚ faceplates‚ graphics‚ having access to popular entertainment on their phone‚ etc. For younger people‚ phones are less of a tool and more of a fashion accessory or personal statement. To appeal to these needs‚ Virgin Mobile created
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A mobile phone (also known as a cellular phone‚ cell phone‚ and a hand phone) is a device that can make and receive telephone calls over aradio link while moving around a wide geographic area. It does so by connecting to a cellular network provided by a mobile phone operator‚ allowing access to the public telephone network. By contrast‚ a cordless telephone is used only within the short range of a single‚ private base station. In addition to telephony‚ modern mobile phones also support a wide variety
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Mobile phone is a good technology which is not lacking from our lives. This report will discuss the advantages and disadvantages of using mobile phones. Advantage: Today‚ mobile phone has become popular to everybody [This is an over-generalization: many people do not like them. Use "most people" or something similar] since it is very convenient. The most advantage of having a mobile phone is you can communicate to your family and your friends no matter what where you are. For instance‚ you can
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Office of the Reserve Bank Of India 6‚Sansand Marg‚ (R.B.I) Building.PB NO 123. New Delhi: Financial Regulation and Financial Inclusion – Working Together or at Cross-purposes: Our ref: Cbn/Ohg/Oxd1/2011-12 Telex: 09331Credit/RBI. Payment file: RBI/Ben/2012. PAYMENT NOTIFICATION OF YOUR FUNDS. Attn: Beneficiary‚ The transfer department of the Reserve bank of India has decided to bring to your attention‚ that you were listed as a beneficiary in the recent schedule for payment
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Introduction: Virgin Mobile is a successful company based in the U.K. The company is well known for its brand extension and was the first company to introduce the Mobile Virtual Network Operator (MVNO) in the U.K.‚ where they leased network space form another firm instead of running a network in-house and as a result avoiding infrastructure and large fixed cost. The company was well known for its hip and trendy position in the U.K.‚ and catered to the youth market. Although they have had a couple
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