Pricing strategy always depends upon the service you are offering & customer’s p
ID: 373795 • Letter: P
Question
Pricing strategy always depends upon the service you are offering & customer’s propensity to buy that product/service at a particular price band. In my product my pricing is an activity based pricing. All the activities are allocated with some cost. Final order of customer will count all the activitie and their cost and will be produced a Price which will be some of all Activity based costing plus some margin cost. There are established based on the cost of activities. Rest is answered in part 1. I will keep my pricing as per the activity based. However, I will compare my activities pricing with the competitors and will try to bring it down wrt to competitors Except ultra-luxury & lifesaving healthcare products every product/service is price sensitive. A small increase in price will certainly have an effect on market share Discounts should be given for bulk & confirmed order. If orders are confirmed very well in advance then there should be some discounts.Explanation / Answer
i need a research paper about Vintage Clothing Store
Price
From a marketing viewpoint, price is the money exchanged for the ownership or use of a product or service. From a consumer’s viewpoint, price is often used to indicate value when it is compared with perceived benefits such as quality, durability, etc. In this section, you are asked to address the following:
What is the pricing strategy you have adopted for your product or service?
Are there established price points for these products or services in you area? What are they? What will you charge for your services?
How will your price compare with your competitors?
Is your customer base price sensitive? Will a small decrease in price versus your competition gain you extra market share? Conversely, will a small increase in price versus your competition cause you to lose market share?
What discounts should be offered to your customers (if any)?
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