Mini Sim 04 - Wk 3

Touch Toiletries, Inc. has developed an addition to its Lizardman Cologne line tentatively branded Oded Troade Cologne. Unit varible cost are 45 cent  for a three-ounce bottle, and heavy advertising expenditures in the  first year would result in total  fixed costs of $900,000. Oded Toade Cologne is priced  at $750 for a three-ounce bottle. How many bottles of Oded Toade must be sold  to break even?

Explain the pricing strategy for a portable espresso machine or hand held espresso pressor

Being at the premium end is a category upon itself.Describe the indicators of premiumness or high quality andhigh price that can apply to most types of products.

What is Special-event pricing?

Determine the best strategy for pricing a new product, giving two reasons for your choice

How does the profit of a business firm behave during the product life cycle? “Knowledge of the product life cycle is important for cost management.” Comment. What pricing strategies can be adopted by a business firm using the product life cycle?

Touché Toiletries Inc. has developed an addition toits Lizardman Cologne line tentatively branded Ode d’Toade Cologne. Unit variable costs are45 cents for a 3-ounce bottle, and heavy advertisingexpenditures in the first year would result in totalfixed costs of $900,000. Ode d’Toade Cologne ispriced at $7.50 for a 3-ounce bottle. How manybottles of Ode d’Toade must be sold to break even?

Explain product line pricing. Provide an example.

The cost to produce the shake is relatively low, with total manufacturing costs running about $0.05 per ounce. Each shake is eight ounces. What pricing strategy do you recommend for this product?

DDK is a high-technology firm. It has developed a new component that offers superior advantages over competing products. This component can be used in a high-speed production system in all factories. With durable composition, it has a useful life of ten months versus four months for competing products. The component will offer users a significant improvement in production efficiency. 1. Identify the FIVE steps of value-based approach for pricing. Explain EACH step with an example based on the case above.

Explain the difference between EDLP and high/low pricing.

Explain the concept of customer value pricing strategies in relation to Maggie Moo's® Ice Cream and Treatery..

Which approach to pricing is the fairest to the customers-cost-based, competition-based or demand based pricing? Justify your answer with respect to the below four scenarios. (c.) App based Taxi service and (a.) software product licenses (b.) subscription to OTT platforms (d) Movie Theatre Ticket

Describe the first in, first out, last in, first out and average 4.7 cost methods of stores pricing.

What is the pricing strategy in restaurants and cafes?

Critical Thinking Some retailers have used decoy pric- ing to increase the number of sales of a higher priced alternative. Describe decoy pricing. What are some products that would be good choices for decoy pric- ing? Is this practice ethical? Why or why not?

Briefly explain what assessments a business manager must take in connection with pricing of respectively, short and long term.

What is meant by a pricing strategy?

Write notes on  Skimming pricing.