Compare and contrast the geographic pricing strategies that companies use for customers located in different parts of the country or the world. Which strategy is best?

Q: When can you use different pricing strategies and what are their suitable product categories?

A: Introduction:- Pricing refers to that element of the marketing mix that creates revenue for the…

Q: Purchasing department can determine the right prices by: Select one: Using cost structure of the…

A: Determination of the right value may be a troublesome task. it's the most object of any organization…

Q: Describe factors such as demographics, geographic , psychographics and others that influence product…

A: Marketing mix consists of 4Ps viz., product, place, price and promotion. The 4Ps has to be…

Q: Design an integrated marketing communications program—using each of the five promotional…

A: An IMC plan synchronizes with all the kinds of marketing and promotional communications into a…

Q: Explain how to sell your product with a price strategy and with a value-added and give short…

A: Pricing is one of the most important element of marketing strategy. It needs an in-depth research by…

Q: the decision-making process for Target costing and Cost-plus pricing should be described in detail

A: 1)Target costing decision making process: In Target costing the decision making process involves a…

Q: is

A: Talking about the difference between the cost based pricing and customers value based pricing then,…

Q: type of pricing approach will you adop

A: The price is defined as the amount which us expected in exchange of a product or service from one…

Q: primary marketing objective of all competitors in mature markets is simply to: Increase price to…

A: Every company will create value for customers in terms of products and services. The company will…

Q: Analyze then compare and contrast how Burberry’s and H&M’s different pricing relate to supply and…

A: Burberyy is a luxury fashion brand that sells apparels, accessories, shoes, jewelry, and other…

Q: HOW WOULD THIS MARKETING CONCEPTS AFFECTS THE PRICING STRATEGY OF THE COMPANY?

A: Holistic marketing plays a prominent role in the organization as has various benefits associated…

Q: Sellers pursue different strategies or approaches that affect the pricing of their products or…

A: Pricing strategies refer to the marketing strategy which is used to determine the prices of products…

Q: How does the target cost method differ from the cost-plus pricing method?   Which would you prefer?…

A: Target costing determines a product's life-cycle cost, which should be sufficient to create…

Q: Research your company and determine their pricing on all of their products/services?  Are they…

A: 1. Walmart pricing of its products/services: Walmart a retailing giant company from America offers…

Q: Kindly state and analyze the pricing strategy of stree foods and how being used or the probable…

A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…

Q: How likely is the sales manager will be successful in the short term in cut the price as strategy to…

A: Product's pricing is one of the main aspects of any marketing strategy. A company may either offer a…

Q: Explain the term Zone pricing?

A: Depending upon geographical locations pricing can be effectively classified to a specific group…

Q: single product for your firm and set a price according to multiple pricing approaches.…

A: Marketing helps the company to create customers and brand value. It is a vast area including various…

Q: It is important to develop an overall pricing philosophy in your business. This begins with the…

A: A pricing strategy is a model or approach for determining the most competitive price for a product…

Q: Elaborate on 4 different pricing strategies that companies can utilize? Explain when would each of…

A: Note: I have answered for 1st question. kindly post the 2nd question separately. Pricing strategy is…

Q: Market segmentation can be best described as the process of Select one: O a. turning marketing plans…

A: The concept of marketing talks about discovering and defining the needs of the consumers and…

Q: What are the critical factors to consider when choosing a pricing strategy for a new business model…

A: Marketing aim to provide goods and services to consumers as per their needs and wants. Marketing mix…

Q: Why is it important to determine pricing objectives before pricing goods and services?

A: Organization priced their products based on their motives. If the organization wants to generate…

Q: uires sellers to set prices without talking to comp Select one: O a. predatory pricing O b. price…

A: Option A is correct - PREDATORY PRICING

Q: Listen to all the pricing methods described by Dan Lok (https://youtu.be/qutavZTkFeY). Which of the…

A: The video referenced in the question talks about how businesses carry out their price-setting…

Q: why are ethical concerns important issues when designing service pricing and revenue management…

A: Importance of ethics when designing service pricing : To ensure that companies not only work for…

Q: What is the main (most important) way that Cost-Based Pricing is different from Customer Value Based…

A: Cost based prcing refers to pricing bases on cost of production, distribution, and a fair return for…

Q: How would a business/organization apply variant pricing in their organization to cater to multiple…

A: In an increasingly globalized and competitive business landscape, organizations often face the…

Q: How do companies determine their target profit margin when using profit-oriented pricing?

A: Concept Introduction : Profit-oriented pricing is a pricing strategy that focuses on maximizing…

Q: . In what ways can a brand effectively communicate its values and identity to build a strong brand…

A: Brand image refers to a consumer's perception of the company, its products, and services. It grows…

Q: Moving on from Product to Price, review the following pricing strategies. A skimming strategy…

A: Pricing refers to a marketing strategy in which a marketer makes strategies to determine the price…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”