Marketing: An Introduction Plus MyMarketingLab with Pearson eText -- Access Card Package (13th Edition)
13th Edition
ISBN: 9780134472492
Author: Gary Armstrong, Philip Kotler
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 9.18MML
Summary Introduction
To discuss: The cost-plus pricing method and determine the reason for the marketers to use it even though it is not the best method for setting prices.
Introduction:
Cost-plus pricing method is the common method used to determine the price of the product. In this method, the normal mark-up price is added to the product cost. This method is otherwise termed as mark-up pricing.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What are the possible descriptive analysis in average sale per transaction chart?
What are the possible descriptive analysis in average sale per transaction chart?
Relationship marketing and customer loyalty. How can this be applied in a real-world, professional context?
Chapter 9 Solutions
Marketing: An Introduction Plus MyMarketingLab with Pearson eText -- Access Card Package (13th Edition)
Knowledge Booster
Similar questions
- some research survey question that relates to coop housingarrow_forwardThe elements of the marketing strategyarrow_forwardAs we progress through time and space, the majority of the world's major health issues still seem to linger. Cancer, infections, and Alzheimer's, to name a few, are leading causes to illness and even death in society everywhere you go. My company's product, Magic Methylene Blue, is a dye that has been used throughout history for a variety of scientific applications. The significant influences on the buyers Magic Methylene Blue are the health benefits that it comes with. Unfortunately, this product is not widely known or widely used at this point in time. My aim would be to educate my buyers and provide ample information providing research behind the health benefits Magic Methylene Blue has. The major environmental forces that affect the buyers Magic Methylene Blue includes the environment, pollution levels, and diet. Since just about anyone can benefit from this product, my aim is to promote Magic Methylene Blue as a natural remedy for anyone in need. Since Magic Methylene Blue has a…arrow_forward
- JTee-ism's LLC exists to empower individuals and organizations to express their unique identities through customizable, eco-friendly T-shirts. Our product meets the growing demand for personalization and sustainability in today’s market, providing customers with a creative outlet and a platform to share their stories. Our customizable T-shirts align with JTee-ism’s mission of fostering creativity and promoting sustainability. By offering high-quality, artistic designs made from eco-conscious materials, we fulfill our goal of delivering value to customers while supporting environmentally responsible practices. This approach also strengthens our connection with socially conscious consumers. JTee-ism's LLC differentiates itself by providing a collaborative design process, allowing customers to co-create personalized apparel. Unlike competitors, we emphasize sustainability through our use of eco-friendly materials and prioritize community engagement with local partnerships and events. This…arrow_forwardJTee-ism's LLC exists to empower individuals and organizations to express their unique identities through customizable, eco-friendly T-shirts. Our product meets the growing demand for personalization and sustainability in today’s market, providing customers with a creative outlet and a platform to share their stories. Our customizable T-shirts align with JTee-ism’s mission of fostering creativity and promoting sustainability. By offering high-quality, artistic designs made from eco-conscious materials, we fulfill our goal of delivering value to customers while supporting environmentally responsible practices. This approach also strengthens our connection with socially conscious consumers. JTee-ism's LLC differentiates itself by providing a collaborative design process, allowing customers to co-create personalized apparel. Unlike competitors, we emphasize sustainability through our use of eco-friendly materials and prioritize community engagement with local partnerships and events. This…arrow_forwardIdentify and explain the significant influences on the buyers of your Course Project product. Identify and explain the major environmental forces that affect the buyers of your Course Project product. Analyze and propose at least one strategy for influencing buying behavior considering the major influences and environmental forces impacting buyers of your Course Project product.arrow_forward
- Answer the following using the raw data: • give the descriptive, predictive and prescriptive analysis • what does the data implies? • what will happen based on the raw data (trends, results, or analysis) • what can you conclude based on the analysis • what are the things that should be done/recommend to improvearrow_forwardrtc.instructure.com/courses/2557985/quizzes/9396620/take TH190 002 44362 > Quizzes > DO - What are the missing values? ments ons Events Resources o Recordings DO-What are the missing values? A+ Started: Jan 10 at 10:51am Quiz Instructions Identify the missing value to complete each t-chart or relationship. . You may use a calculator. ⚫ You can try the quiz twice. D Question 1 07 © 20 32 24 Sum 28 4 ? No new data to save. Last checked at 10:58am Next - 1 pts Submit Quizarrow_forwardX Final Exam x+ /courses/1545/assignments/49478?module_item_id=111472 Due: Sat Jan 11, 2025 11:59pm Attempt 1 Unlimited Attempts Allowed In Progress NEXT UP: Submit Assignment 时☆ 3的 Add Commer ✓ Details If you were starting a business, what would you like to do? Please briefly explain each of the below. 1. An overview of your business idea (one or two sentences). 2. A description of your product and/or service. What problems are you solving for your target customers? 3. Your goals for the business. Where do you expect the business to be in one year, three years, five years? 4. Your proposed target market. Who are your ideal customers? 5. Your competition and what differentiates your business. Who are you up against, and what unique selling proposition will help you succeed? 6. Your management team and their prior experience. What do they bring to the table that will give your business a competitive edge? 7. Financial outlook for the business. If you're using the business plan for…arrow_forward
- Search entries or author... All < ↓ Sort View Split Screen Expand Threads You must post before seeing replies. Edit history will be available to instructors. No Due Date 10 points possibl 25 Replies, 25 Unread Week 9 Discussion: Intercultural Communication Write a 200 - 300 word discussion post based on the prompt below. Reply to at least one other student in 50 - 100 words. Describe a time in which cultural norms and expectations and prevented clear communication. What have you learned from the experience? How can we be more accepting and inclusive of other cultures? Reply Previous Q Search hp Nex 8:32 1/7/2arrow_forwardAnswer? ? Financial accountingarrow_forwardYou will be presented with a situation showing the details of how a company is currently working, a manufacturing plant with various stand-alone computers and printers, and you will research and determine the best configuration to help the manufacturing plant network their computers and include connections to the Internet for all computers. You will need to explain and support the decisions and be able to explain how the changes will benefit the manufacturing plant, including describing how the changes will be managed and implemented.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning