Lecture 5: PRICE AND PLACE Price: - Define the pricing concept and explain different pricing methods ( cost oriented‚ competitor oriented and market oriented pricing) -Explain pricing strategies for new products( market penetration and market skimming) AND existing products. ( Understand condition and when we can use it) -Consider ethical issue in pricing ( don’t think it will be on the exam) PLACE: Define place(distripution) concept and explain the role of intermediaries in distribution
Premium Marketing Pricing
this assignment‚ i am going to describe and explain how marketing mix is useful for the new product being bought to the market and how i will be using it. Marketing mix is commonly known as the 4ps: product‚ price‚ place and promotion. These are controllable element and its importantly used when determined and adjusted until the right combination that serve the needs of the product consumers. The product i have chosen for my marketing mix is a phone that my company are planning to release into
Premium Marketing
Unit 4: Seminar – Price Controls Unit 4: Seminar – Price Controls Juan Ujueta Kaplan University BU224: Microeconomics Professor: Vilma Vallillee August 1‚ 2012. Price Controls Despite the fact that all markets tend to move into equilibrium‚ there might be occasions when neither buyers‚ nor sellers are satisfied with that equilibrium. Even at an equilibrium point buyers will contest their cases that prices should be go down‚ and sellers contest their
Premium Supply and demand
Price-to-earnings ratio (P/E) is often used for assessing the company’s stock price. P/E is determined by first calculating the earnings per shares (EPS)‚ which is the post-tax profits divides by the number of shares (Figure 1). Trailing P/E is equal to current market share price divided by trailing earnings per share for the past 12 months‚ whereas forward P/E is equal to current share price divided by expected earnings per shares for the next 12 months or next full-year fiscal period (http://www
Premium P/E ratio Financial ratios Dividend yield
AND CONs OF INCREASING OIL PRICE 1. INTRODUCTION In this decade‚ the price of oil has been raised 3 times. The era of President SBY has the record of increasing oil price (premium). The policy was made by SBY has become pro and con between the expert of economic. Some people said that increasing the oil price is just can’t be done because it’s contra with UU‚ but government said that if we don’t raise the oil price it will absorb the APBN because the import oil price is higher and higher time
Premium Futures contract
overall demand for iPods. Price elasticity is a tool designed to identify the overall change in demand or supply of a product compared to the overall movement of price. For the sake of this paper‚ we will focus on the overall change in demand from consumers. Elasticity is calculated by creating a ratio of the percentage change in demand of a good compared to the percentage change in price. If the percentage change in demand is greater than the percentage change in price‚ the product would have a
Free Apple Inc. Supply and demand
A price ceiling is a government-imposed limit on the price charged for a product. Governments intend price ceilings to protect consumers from conditions that could make necessary commodities unattainable. However‚ a price ceiling can cause problems if imposed for a long period without controlled rationing. Price ceilings can produce negative results when the correct solution would have been to increase supply. Misuse occurs when a government misdiagnoses a price as too high when the real problem
Premium Supply and demand
In this essay‚ I will be evaluating how effective strategies are in supporting service users within the health and social care sector. The use of human aids requires a lot of training and knowledge. However human aids make it easier to communicate and create a better understanding. Advantages of advocates is that they are able to help communicate on behalf of service users who can’t do so themselves. They also try to understand service users and would try and assist them in dealing with their difficulties
Premium Communication Translation Nonverbal communication
Week I Quiz Results/Answers ECO561 1. Revenue increases when * producer surplus increases 2. An increase in the price of an inelastic good * increases revenues 3. Price elasticity of Demand increases when * people become less price sensitive over time 4. The purpose of a market in a market system is to * bring buyers and sellers into contact 5. By specializing in the production of one good‚ a company is able to benefit from economies of scale which increases its revenue. Which
Premium Costs Economics Marginal cost
Hi guys‚ my name is Betty. I am the lead of my group today. I am goanna talk about fuel prices. The issue of fuel is very complex. First‚ what is fuel? It is material such as coal‚ gas‚ or oil that is burned to produce heat or power. And these 3 energies occupy the major parts of fuel use. In the past few years‚ fuel prices went up rapidly. Each country is very sensitive on the price. What causes fuel prices to rise and fall? For instance‚ let us have a look at oil. There are two main reasons
Premium Peak oil Price of petroleum Benchmark