Elektra Electronics Company is a business division of a mid-sized company focused on manufacturing and selling a high quality consumer electronic device through high-end marketing channels such as specialty shops and exclusive department stores. These specialty outlets advise and educate customers about the desirable features of different electronic devices. Elektra charges on average 500 per unit to its distributors‚ who mark it up to 899 when selling to retail customers. After many years of high
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A. The introduction of MTR The MTR Corporation was established in 1975 as the Mass Transit Railway Corporation with a mission to construct and operate‚ under prudent commercial principles‚ an urban metro system to help meet Hong Kong’s public transport requirements. Mass Transit Railway (MTR) is regarded as one of the world’s leading railways for safety‚ reliability‚ customer service and cost efficiency. It carries an average of 5.2 million passengers every weekday In 11st April 1‚ 2006‚ Hong Kong
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The Target Is You: Hollister Executive Summary The aim of this paper is to provide an insight into Hollister Co.’s marketing communications and assess whether it successfully targets my demographic of young‚ male recent college graduates. The paper will first introduce Hollister and provide a brief company history as well as outlining the challenges in reaching out to consumers such as myself who differ from the brand’s intended targets. It will then segue to discussing Hollister’s position within
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What are the top three most critical challenges Disney will address this year? Challenges are inevitable for any business looking to stay on top of the dreaded fiscal cliff. Disney has three challenges this year that they will be tackling head-on. First‚ as the Walt Disney Company official press release from July 12‚ 2013 states‚ “New York‚ NY & Burbank‚ Calif.‚ July 12‚ 2013 – 21st Century Fox‚ NBCUniversal and The Walt Disney Company today jointly announced that they will maintain their respective
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Pricing Decisions are decisions faced by top management and marketing managers. How much to charge for a product or service depends on a multitude of factors such as competition‚ cost‚ advertising‚ and sales promotion. Economic theory suggests that the best price for a product or service is the one that maximizes the difference between total revenue and total costs. However‚ in reality‚ the price charged is usually some form of cost-plus‚ which is later adjusted for market conditions and competition
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Pricing is one of the most important elements of the marketing mix as it is the only mix‚ which generates a turnover for the organization; the remaining 3p’s are the variable cost for the organization. It costs to produce and design a product; it costs to distribute a product and costs to promote it. Price must support these elements of the mix. Pricing is difficult and must reflect supply and demand relationship (Constantinides‚ 2006). Pricing a product too high or too low could mean a loss of sales
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Pricing productsIntroduction Products and services have a price just as they have a value. Many non-profit and all profit-making organizations must also set prices. Pricing is controversial and goes by many names: Price is all around us. You pay rent for your apartment‚ tuition for your education. The airline‚ railway‚ taxi and bus companies charge you a/are; the local utilities call their price a rate; and the local bank charges you interest for the money you borrow ; the guest lecturer charges
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responsibility of the Olympic Delivery Authority while the London Organizing Committee of the Olympic Games (LOCOG) was responsible for staging the games. Paul Williamson was hired by the LOCOG as the Head of Ticketing‚ and he soon realized that pricing tickets was a large endeavor in itself‚ with many challenges. The Trade-Offs Chris Townsend‚ Williamson’s boss and the Commercial Director of the LOCOG‚ made sure Williamson never lost sight of their ultimate goal‚ maximizing ticket revenues and
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Ann Simon Target: From “Expect More” to “Pay Less” The macroenvironmental factors that affected Target’s performance during the period were connected to the demographic‚ economic‚ natural‚ technological‚ political‚ and cultural. The change in demographic is related to the economy because when there is an unemployment it will create households income to drop while the households expenses increases. Since Wal-Mart is all about low price and Target is all about style and brand‚ Target thought customers
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PRICING METHODOLOGY Pricing methods adopted by an organization determines the values attached to its products. Pricing determinant can be Internal or External. An Internal pricing determinant is one that is controlled by the marketer while the external is not controllable by the marketer. We shall be considering the following types of pricing models: PRICE DISCRIMINATION: Price discrimination is the practice of setting a different price for the same product in different segments to the market.
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