BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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marketing information management
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pricing
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promotion
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distribution
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Detailed explanation-1: -An example of a company using status quo pricing would be if a company chose to match the price of a competitor’s product when they began selling a similar product. Another example would be if a company kept its current prices the same while waiting for more information about a competitor’s pricing strategy.
Detailed explanation-2: -Demand-Oriented Approaches include: skimming pricing. penetration pricing. prestige pricing.
Detailed explanation-3: -Customer cost refers not only to the price of a product, but it also encompasses the purchase costs, use costs and the post-use costs.
Detailed explanation-4: -Pricing strategies are the methods and procedures companies employ to determine the rates they charge for their goods and services. Pricing is the amount you charge for your items; pricing strategy is how you calculate that number. Pricing strategy can encompass anything from: The state of the market.