Price indicates and reflects product value, prestige, quality, etc. It needs to fit with the brand...

Price indicates and reflects product value, prestige, quality, etc. It needs to fit with the brand and image and make sense for the target market. there are many different ways to price like bundling or freemium or subscription or odd pricing and more. Do some online searching and find a business with a unique pricing structure. Discuss why or why not you think the strategy is a good idea.

**site source**

Expert Solution

Price , the major P for all business,

I have prepared the detailed note for the same.

Please see the below .

keosha answered 2 weeks ago

Please explain these 3 question on NIKE on their sensitive , revenue value quality prestige etc...

Please explain these 3 question on NIKE on their sensitive , revenue value quality prestige etc How sensitive are your customers to changes in price? What revenue do you need to break even and achieve profitability? What does the price say about your product in terms of value, quality, prestige, etc.

A Select pricing strategy can be used to build prestige for a product or brand, while...

A Select pricing strategy can be used to build prestige for a product or brand, while a Select pricing strategy is best used to build market share. Home Depot is a(n) Walmart is a(n) Running Room is a(n) The Bay is a(n) When Home Depot cuts boards to length for customers, it is providing utility. When Best Buy installs software on a computer for a customer, it is providing utility. When Running Room helps customers select the best running shoe to suit...

Brand Equity refers to the added value a brand gives to a product or service in...

Brand Equity refers to the added value a brand gives to a product or service in the marketplace. From your reading and understanding of the Southwest Airlines case list, six things that SWA does that contributes to their brand equity and explain how or why for each.

The manufacturers of the X brand increase the price of their product from $ 3 to...

The manufacturers of the X brand increase the price of their product from $ 3 to $ 5 dollars per unity. As a result, sales go down from 2,000 to 1,000 units per month for a year. Calculate the average elasticity of demand for the X mark among the price demand combinations. Is the demand for the X brand elastic or inelastic between the two brands? Present your graph. I put this question two times and i keep getting different...

Product quality, service, and price were the three factors identified as being major determinants of a customer’s perception of value.

Product quality, service, and price were the three factors identified as being major determinants of a customer’s perception of value. Contrast the value formula you would use if A: You were interested in purchasing a lunch that you needed to consume in ten minutes and B: You wanted to enjoy a leisurely dinner with someone with whom you are romantically involved. Would the manner in which you evaluate value remain constant? What are the implications of your answer to RMs...

Explain the relationship between Price, Quality of Product, andQuality of Service relating to a company's...

Explain the relationship between Price, Quality of Product, and Quality of Service relating to a company's marketing and strategic objectives.

Describe if there is a relationship between the variables Product Quality, Competitive Price, Accessibility, and Advertising...

Describe if there is a relationship between the variables Product Quality, Competitive Price, Accessibility, and Advertising Capability towards Customer Satisfaction, use these data Customer Satisfaction Customer Satisfaction Pearson Correlation 1 Sig. (2-tailed) N 100 Product Quality Pearson Correlation .486** Sig. (2-tailed) .000 N 100 Competitive Price Pearson Correlation .113 Sig. (2-tailed) .265 N 100 Accessibility Pearson Correlation .305** Sig. (2-tailed) .002 N 100 **. Correlation is significant at the 0.01 level (2-tailed). 2. State also the hypothesis 3. which has...

How do mass market brands compare to luxury brands in terms of brand value, product, pricing,...

How do mass market brands compare to luxury brands in terms of brand value, product, pricing, promotions and location choices?

Samuel has heard there is a high-quality apartment that is excellent value. Its sale price is...

Samuel has heard there is a high-quality apartment that is excellent value. Its sale price is $1,600,000; however, Samuel does not have the ready cash to purchase the property. He has a self-managed superannuation fund, with assets of $1,400,000 and with a cash reserve of $200,000. Advise Samuel on how his self-managed superannuation fund may be able to acquire the apartment.

National Corporation needs to set a target price for its newly designed product M15. The following...

National Corporation needs to set a target price for its newly designed product M15. The following data relate to this new product. Per unit : Direct materials $26, Direct labor $35, Variable manufacturing overhead $13, Variable selling and administrative expenses $6 and then Total is Fixed manufacturing overhead $1,000,000 and Fixed selling and administrative expenses $600,000 These costs are based on a budgeted volume of 80,000 units produced and sold each year. National uses cost-plus pricing methods to set its...

Question