Listen to all the pricing methods described by Dan Lok (https://youtu.be/qutavZTkFeY). Which of the 7 pricing method (strategies) – on "How to Price a Product" do you like best? Why?
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Please help me answer this.
The link of the video is here: https://youtu.be/qutavZTkFeY
Thank you so much in advance for your help!
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- Explain how has Radant Beauty used the elements of its marketing mix to meet the needs and wants of its target market (Generation Me). Your answer must clearly indicate the specific activities that Radiant Beauty undertook under the headings of:- PRICE (The answer should go beyond merely regurgitating the actual price quoted in the case and clearly explain the pricing strategy that the company utilized. CONSUMER BENEFITS Notes: Bother answers must be relevant to the case and must be based on sound marketing principles and the insights you gleaned from analyzing the case.Explain how has Radant Beauty used the elements of its marketing mix to meet the needs and wants of its target market (Generation Me). Your answer must clearly indicate the specific activities that Radiant Beauty undertook under the headings of PRICE and CONSUMER BENEFITS Notes: The answer should go beyond merely regurgitating the actual price quoted in the case and clearly explain the pricing strategy that the company utilized. Answers must be relevant to the case and must be based on sound marketing principles and the insights you gleaned from analyzing the case.How do you create a 5-page informational brochure will include the following, Role of pricing decisions on the overall company and marketing strategies, Value-based pricing (value-in-use and value-in-exchange), Price skimming and penetration, Management of international distribution channels and logistics, Mass customization, Five aspects of communication, Social media mix, Viral marketing as a viable marketing tactic that can deliver a positive return on investment (ROI)?
- Hello for this question I chose PRODUCT. Pls answer this ASAP, i'll give u an upvote. Thanks Answer the following 1. Among the 7Ps in the Marketing Mix (except the pricing) what do you think is the 2nd most important "P"? The "P" that complements Price. You may cite concrete examples to support your position. 2. Why did you choose that? You can site examples that you experience as a consumer.3. Evaluare how Toy'R' US has responded to Wal-Mart's pricing strategyExplain how CRM does more than storing customers’ information, as it provides key value to salespeople, especially when it comes to instant access to customer historical pricing data and discuss the three (3) CRM tools Profitably Analysis, Customer acquisition analysis, and Individual Customer Profitability.
- • What is the role of price in an organization's marketing plan? 1. Profit 2. Sales 3. Market share 4. Survival 5. Social ResponsibilityThe plan should describe the marketing mix elements (product, price, place, promotion).o Product Strategy – you may use the three levels of the product as a basis to explain the product features, attributes, and/or packaging and others.o Pricing strategy -o Place Strategy – distribution channel and physical distribution activitieso Promotion Strategy - Marketing communication tools and mediums Product : iBasket - Guopeng Liang Guopeng LiangWhich of these is an accurate observation about pricing in today's business environment? A) The internet empowered buyers but doesn't help resellers optimize their pricing. B) Across industries and regions, most companies now use the same pricing methods. C) Many companies do not handle pricing well and fall back on familiar methods that aren't as effective as they should be. D) With ubiquitous online price matching, pricing decisions are more or less automatic these days. E) The hope of offering personalized price promotions hasn't really panned out.
- What is the difference between loss leader and leader pricing?Give an example of when retailers would use each of thesepricing strategiesImagine you are the product manager for Neutrogena’s sun protection product line and your team developed a new type of sunscreen. Which two B2B pricing tactics would you use to promote it? Why?Imagine that you are the newly hired brand manager for a T-shirt company whose new line is about to come out. Because of a major fashion magazine’s very positive review of the line, the company wants to reposition the brand as a premium youth (teens & young adults) brand. Your boss asks what price you should charge for the new T-shirt line. The current line, considered mid-range retail, is priced at $20. • Describe what method would you use? Why? • What do you think is the right price? How did you arrive at that? You are welcome to do some online research. Thank you for helping me!