Concept explainers
Case summary: Price mindful customers are tied in with finding the finest deal. Person H and Person J are two companions run an exceptionally effective organization that works enthusiastically to reveal the best deals, empowering families to set aside cash. The site highlights advancements and alarms to special pricing on items with coupons and discounts to enable shoppers to extend their dollars.
To discuss: The range of prices paid for the product.
Characters in the case: Person H, Person J and Site KCL.
A pricing strategy considers portions, capacity to pay, economic situations, contender activities, trade margins and input costs, among others. It is focused at the characterized customers and against contenders.
Want to see the full answer?
Check out a sample textbook solutionChapter 11 Solutions
Principles of Marketing, Student Value Edition Plus MyLab Marketing with Pearson eText -- Access Card Package (17th Edition)
- According to Freud, the desire to have a practical wedding instead of splurging on an extravagant one is part of your: a) Id b) Superego c) Ego d) None of the abovearrow_forwardQuestion: In 1985, Coke decided to change its 100-year-old iconic formula to meet the need of young consumers. The company faced an immediate revolt. The infamous Coke debacle of the 1980’s illustrates what can happen when a marketer messes with strongly held attitudes. This is an example of: a) Classical Conditioning b) Nostalgia c) Product Congruence d) Product Involvement e) All of the Abovearrow_forwardUnited Airlines has a rewards program where consumers can earn points for travel. This is called: a) Instrumental Conditioning b) Cognitive Conditioning c) Variable-ratio conditioning d) Classical conditioning e) None of the abovearrow_forward
- Question: About half of the participants in a study were told that they would be putting with a Nike putter, whereas the other half were NOT told what putter brand they would be using. Importantly, all participants used the exact same putter. The results showed that, on average, those who thought it was a Nike putter needed significantly fewer putts to sink the golf ball. This is an example of the _____________Effect. a) Placebo b) Brand c) Nike d) Ikeaarrow_forwardAnother name for positioning is: a) A form of self-expression b) The brand’s point of differentiation c) The brand personality d) Both B and C e) None of the abovearrow_forwardThere are extrinsic and intrinsic motivations for consumer behavior. Some consumers are motivated to purchase a Lexus because their neighbors just bought one are triggered by which motivation factor of consumer behavior: a) Subconscious Personality b) Psychology c) External Motivators d) Heuristics e) None of the abovearrow_forward
- Which of the following is NOT considered a brand: a) Subcultures b) The Philadelphia Eagles c) Fraternities d) Nike e) Taylor Swiftarrow_forwardMariah Carey has a perfume called Lollipop. Her brand is using the theory of: a) Instrumental conditioning b) Classical Conditioning c) Modeling d) Observational Learning e) None of the abovearrow_forwardHome Depot History of LAck of Ethical Decision Making and Social Responsibility. Actions that receive public backlash and failed to deliver to their community.arrow_forward
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning