Investigate the prices of the following products at least three different distribution outlets (and don’t forget the Internet): · An MP3 player · A cup of coffee · A car · A washing machine · A hamburger · A pair of Levi’s 501 blue jeans · A book What patterns do you notice? Do different distribution outlets include different levels of service with the product? Do you see a relationship between the brand name and the price? Which distribution outlet represents the best value for each product? Explain your answers.
Investigate the prices of the following products at least three different distribution outlets (and don’t forget the Internet): · An MP3 player · A cup of coffee · A car · A washing machine · A hamburger · A pair of Levi’s 501 blue jeans · A book What patterns do you notice? Do different distribution outlets include different levels of service with the product? Do you see a relationship between the brand name and the price? Which distribution outlet represents the best value for each product? Explain your answers.
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter12: Creating And Pricing Products That Satisfy Customers
Section12.6C: Buyers’ Perceptions Of Price
Problem 2CC
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- Investigate the prices of the following products at least three different distribution outlets (and don’t forget the Internet):
|
· An MP3 player · A cup of coffee · A car · A washing machine |
· A hamburger · A pair of Levi’s 501 blue jeans · A book
|
What patterns do you notice? Do different distribution outlets include different levels of service with the product? Do you see a relationship between the brand name and the price? Which distribution outlet represents the best value for each product? Explain your answers.
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