Setting Prices at Whirlpool Appliances
Not what you're looking for?
Please help me to answer the following questions:
* Why would Whirlpool allow its dealers to set the retail price for its appliances?
* What factors would dealers utilize to set the retail price for appliances?
* Why might Whirlpool implement competitive pricing over penetration pricing or price skimming?
* Discuss how competition has affected pricing in the appliance market.
* How has this competition benefited consumers?
Purchase this Solution
Solution Summary
This solution discusses why Whirlpool allows its dealers to set the retail price for its' appliances; what factors would dealers utilize to set retail prices; why Whirlpool might choose to implement competitive pricing over penetration pricing or price skimming; how the competition affects pricing in the appliance market, and how this competition benefits consumers. It includes examples.
Solution Preview
Whirlpool allows its' dealers to set the retail price for its' appliances so that the dealers have more control and are able to sell more. Whirlpool assumes that the dealers are more in touch with their local marketplace and better able to determine the best pricing strategy based on the competition, product availability, and economic conditions.
Whirlpool would more likely implement competitive pricing over ...
Education
- BA, University of Southern California
- MSS, United States Sports Academy
- Ed.D, Boise State University
Recent Feedback
- "Thk u"
- "Thank you!:)"
- "Thank you!:)"
- "Thank you!:)"
- "Thank you!:)"
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.