1.You are aware about the challenges of Facebook, so you are preparing to compete with them in the advertising segment ● 2.The price per day of a single brand promoting in Facebook is $.4. ● 3.Finance tells you must have $700 per year in terms of yields to recover the investments and your product will be charge for $0.05 per hour in terms of labor costs ● 4.Market research tells you that your customers are willing to pay $30 per month more vs. the actual alternative for a better solution in terms of noise in the market ● 5.You assume you will get 10% of market price due your differences ● 6.What will be the price of your brand? Is this price competitive? and if not, what could you do?
1.You are aware about the challenges of Facebook, so you are preparing to compete with them in the advertising segment ● 2.The price per day of a single brand promoting in Facebook is $.4. ● 3.Finance tells you must have $700 per year in terms of yields to recover the investments and your product will be charge for $0.05 per hour in terms of labor costs ● 4.Market research tells you that your customers are willing to pay $30 per month more vs. the actual alternative for a better solution in terms of noise in the market ● 5.You assume you will get 10% of market price due your differences ● 6.What will be the price of your brand? Is this price competitive? and if not, what could you do?
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
Related questions
Question
1.You are aware about the challenges of Facebook, so you are preparing to compete with them in the advertising segment
●
2.The price per day of a single brand promoting in Facebook is $.4.
●
3.Finance tells you must have $700 per year in terms of yields to recover the investments and your product will be charge for $0.05 per hour in terms of labor costs
●
4.Market research tells you that your customers are willing to pay $30 per month more vs. the actual alternative for a better solution in terms of noise in the market
●
5.You assume you will get 10% of market price due your differences
●
6.What will be the price of your brand? Is this price competitive? and if not, what could you do?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning