Purchase Solution

Price Strategy to Provide Day Care

Not what you're looking for?

Ask Custom Question

Help identify the appropriate price strategy that should be used for a service to provide day care in a shopping mall. Primary customers are the employees of the mall and the shoppers.

Purchase this Solution
Solution Summary

350 words with references picks and explains the price strategy best for setting up a day care in a shopping mall.

Solution Preview

Prices are the costs involved in consuming a good, that is, the factors that directly affect decisions by individual people and firms concerning what goods and services to consume.
There are many types of pricing strategies that can be used.

As based on MarketingTeacher.com (2006), some of them can be stated as follows: First is 'premium pricing' that uses high price and uniqueness within a product or service. Second is 'penetration pricing' wherein prices are artificially low in order to gain market share. Third is 'economy pricing' wherein the cost of marketing and manufacturing are ...

Purchase this Solution
Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

View More Free Quizzes
Related BrainMass Solutions

  • Pricing Strategies in Healthcare

    A price bundling strategy would include bundling a variety of independently price services within the adult day care service, that are desired by most of the clients at the adult day care service, but different values are placed upon the independently

  • marketing for strategy day care

    In addition, the day care center can adapt a strategy of providing to and fro transport to the children. The care center can organize regular family dinners and invite parents to these.

  • Target Audience & Competition in Developing a Marketing Strategy

    For Defi to compete nationally and globally it must determine the best strategy. Competing on price alone may be a suitable strategy for a new entrant. However, competitors soon adjust their prices to retain their portion of market share.

  • Operational Strategy

    These centers need to provide excellent quality of care and provide adequate oversight of individuals. For a company that specializes in the care of developmentally disabled people there are several operational steps that need to be taken.

  • A Marketing Plan For A 24 Hour Day Care

    We will provide services of day care 24/7. This will help our customers to focus more on other work without worrying about their child. Thus the main objective of this service will be to improve the customer delight.

  • Break-even Points with a reduce- or demand-decision

    Determining break-even price in a reduce-or-expand decision. QuickCare is a health care franchise that functions as a primary family health clinic, seeing unscheduled patients twenty-four hours a day.

  • Marketing in Health Care - Push and Pull strategies

    Identify three such strategies, define each one, and provide an example showing how they can be implemented in the health care context.

  • Prestige pricing for daycare customers without insurance

    We will also assume that these same individuals and the families who provide care for them have the financial means to participate in adult daycare services.

  • Positioning Strategy for IMC's campaign fpr 24 hour daycare service

    The online buyers are also used to obtain price information and are more sensitive to price. They are more time sensitive and are looking for the highest level of flexibility and convenience.

View More Related Solutions