How will profit be affected if the individual firms. Increased price

Q: Which of these does not increase the customer's willingness to pay? Price Product Features Brand…

A: The buyer's willingness to pay - It is the greatest that they would pay for a specific item. It very…

Q: Recognize the objectives a firm has in setting prices and the constraints that restrict the range of…

A: Pricing objectives specify the role of price in a firm's marketing strategy and may include profit,…

Q: alue in the eyes of a c

A: When a customer ignores the cost of an item or administration, as a result of the advantages that…

Q: In this method a price reduction is given to customers based on the quantity of their purchase. a.…

A: if we talk about discounts and allowances so we can say that are reductions to a basic price of…

Q: price reduction to buyers who pay their bills promptly is called a. Trade discount b. Cash discount…

A: Marketing is the activity taken up by the firm to build customers. If marketing builds customers,…

Q: Which of the following is an internal factor that affects pricing decisions in a company? * () The…

A: Market demand, consumer desire and expectations, and the country's economy are all external factors…

Q: What are different factors that should be considered by marketers before deciding price of the…

A: The price a business charges needs to take account of, and be consistent with, the objectives of the…

Q: The inefficiency of second best pricing is larger.. Select one: a. all the other alternatives are…

A: The second best pricing refers to the next best alternative price which could be choosen if the…

Q: Should discounts be applied to products that are also in high demand? Justify!

A:

Q: Label each of the following range names as “Correct" if is a valid range name in Excel or…

A: Below is the solution:-

Q: WHAT ARE THE USUAL ISSUES A WATER REFILLING STATION FACES AGAINST ITS COMPETITORS WHEN IT COMES TO…

A: Water refill station- Consumers can get safe, drinkable water from a water refilling business. Water…

Q: Pricing decisions, like other marketing mix decisions, must start with customer value. O True False

A: In marketing, pricing decisions are crucial as the customers buy a product that has perceived value…

Q: All of the following statements are true about the "low-price" segment EXCEPT:

A: The correct answer is D

Q: Effective cost-based pricing involves understanding how much value customers place on the benefits…

A: Cost based pricing is the one of the major pricing strategy used in the business…

Q: Comment on “Price is a measure of the product’s quality and performance.” Prove your answer and cite…

A: PRICE: Price refers to the actual amount paid by the customers in exchange for the goods or…

Q: Price: What is the price for coca-cola

A: PRICING STRATEGY OF COCA COLA The amount of money charged for a product or service, or sum of the…

Q: If customers perceive that a product's price is greater than its value, they won't buy it. Select…

A: The market is a place for trading commodities. Two important parties in the marketing includes…

Q: Which of the following statements is true with regard to price? O a. Unlike product features, prices…

A: Price is one of the important constituents in a company's marketing mix. It is the amount that a…

Q: Sorry I still don't understand - can you explain in simpler terms ? - Are we saying the most…

A: The organization's primary objective will be to have a proper flow of business process, and to…

Q: Price is the only element in the marketing mix that produces revenue. O True O False

A: MARKETING MIX: It is the combination of marketing tools that the company uses to achieve its…

Q: 1- Identify from the following options the factor that forces the producers and the retailers to…

A: Business constantly strive the best and relevant products and services to their customers for better…

Q: Cost-Volume-Profit Analysis (CVP analysis), also commonly referred to as Break-Even Analysis, is a…

A: Cost-Volume-Profit Analysis (CVP analysis), also commonly referred to as Break-Even Analysis, is a…

Q: 10 Successful Pricing strategies to Attract More Customers

A: Pricing refers to setting a price for a product or service at which it will be sold in the market…

Q: 19. Charging a very low price for the blower, but a premium price for the blankest might make sense…

A: Note - As per the guideline I am supposed to answer only first question. Please post other questions…

Q: What profit-based pricing approach should a manager use if he or she wants to renect the percentage…

A: Pricing is the process by which a company determines the price at which it will sell its products…

Q: Why or why not should food and wine be in a similar price range when matching them

A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…

Q: ________ is the price that the suppliers require the buyer to pay for the product: Select one: a.…

A: The amount paid by the buyers to purchase the product from the seller is the price. IT helps in the…

Q: Price is the only element in the marketing mix that produces revenue. O True False

A: Its False!     There are four element of marketing mix   Product (or Service). Place. Price.…

Q: All of these statements about price are true except which? Multiple Choice   The price must…

A: Price can be defined as some compensation (in monetary terms) that is given by an individual to…

Q: Assist in pricing strategy and ensuring how could it reach to the clients thereby wanting to…

A: The pricing strategy is a method that is used to price a company’s product and service. Almost…

Q: This stage of the product life cycle is evidenced by significant upfront cash outflow.   a. Growth…

A: The product life cycle refers to a concept which studies the different stages which a product…

Q: Discuss the importance of consumer perceptions of value and costs in setting prices. Give examples

A: Pricing is the process of determining what would be the worth of the produced goods or services. It…

Q: How are fixed costs different from variable costs? A. Variable costs are always higher than fixed…

A: The fixed costs could include Rental expenses, depreciation, tax expenses, all these costs are…

Q: What are the three possible starting points for the process of setting an initial price as…

A: There seem to be varied instances within which a vendor ought to devise a price for an item that…

Q: Which of the following will increase the breakeven point? a. Increase selling price b. Increase…

A: The Break-even point is the point at which the company is able to cover all its costs but does not…

Q: Market skimming pricing refers to which of the following? O a. Offering low price in the beginning…

A: Market skimming pricing is a strategy that involves pricing the services or the products relatively…

Q: What is value addition?and what is non value addition

A: The selling price is the price charged by the customers against the finished products and services.

Q: Price/quality positioning positions products and services as offering the best value for the money.…

A: Various tasks and activities are being done in an organization. The marketing department has the…

Q: What is the only component that brings revenues directly to the Organization? a. The product. b.…

A: A company is an organization that manufactures products and items for the purpose of selling. By…

Q: Most companies offer basic products to groups of customers and at almost the same prices, which…

A: Products refers to the solutions seeked by the customer. The products and service are the offerings…

Q: Product line pricing refers to setting a price for by-products in order to make the main product’s…

A: Yes, Its True!   By-product pricing refers to setting a price for by-products to make the main…

Q: Which of the following is an example of an indirect cost? a. marketing costs b. retentions c. office…

A: Indirect costs: It is the costs incurred in the activities of the company which can't be related to…

Q: Should prices reflect only the cost of making a product or delivering a service? Explain

A: The price of a particular product must definitely reflect the delivering of services. The details…

Q: Assume you are an entrepreneur of a new home technology product, how you can set your pricing…

A: A pricing policy is indeed a consistent response to a formal inquiry. A systematic approach to…

Q: What is the relationship between gross variable costs, total fixed costs, average variable costs,…

A: As the cost driver increases and vice versa, the following changes occur:

Q: Value-based pricing depends on Select one: a. undercutting the price of competitor products. O b.…

A: Pricing strategy is the type of strategy in which different tactics are used to sell the products…

Q: Raising prices back to the original selling price after a sale is over is called _____. odd pricing…

A: Pricing strategy through which the company sets the prices for its products and hence earn revenue…

Q: How to achieve and improve micro business production and pricing scheme

A: Micro Business refers to those business factors which are with in the control of the business. These…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”