Company - GLOBAL SHOP DIRECT (attached picture) 1. New Product Pricing Strategies: a. Market Skimming - b. Market Penetration - 2. Product Mix Strategies: a. Product Line Pricing - b. Optional Product - c. Captive product pricing - d. By-product pricing - e. Product bundle pricing - 3. Price Adjustment Strategies: a. Discount and allowance pricing - b. Segmented pricing - c. Promotional pricing - d. Geographical pricing - e. Dynamic pricing - f. International pricing -
Company - GLOBAL SHOP DIRECT (attached picture) 1. New Product Pricing Strategies: a. Market Skimming - b. Market Penetration - 2. Product Mix Strategies: a. Product Line Pricing - b. Optional Product - c. Captive product pricing - d. By-product pricing - e. Product bundle pricing - 3. Price Adjustment Strategies: a. Discount and allowance pricing - b. Segmented pricing - c. Promotional pricing - d. Geographical pricing - e. Dynamic pricing - f. International pricing -
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
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Question
Company - GLOBAL SHOP DIRECT (attached picture)
1. New Product Pricing Strategies:
a. Market Skimming -
b. Market Penetration -
2. Product Mix Strategies:
a. Product Line Pricing -
b. Optional Product -
c. Captive product pricing -
d. By-product pricing -
e. Product bundle pricing -
3. Price Adjustment Strategies:
a. Discount and allowance pricing -
b. Segmented pricing -
c. Promotional pricing -
d. Geographical pricing -
e. Dynamic pricing -
f. International pricing -
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Follow-up Question
Company - GLOBAL SHOP DIRECT (attached picture)
- Price Changes:
a. Initiate price cuts -
b. Initiate price increase –
c. Selling below cost –
2. Responses to Competitors price attacks
a. Price responses -
b. Non-price responses -
c. Buyer reactions to price changes -
Solution
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