Explore BrainMass

Explore BrainMass

    Pricing Objectives and Strategy

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The AI Brainstorming Conference topic for this week is pricing strategy: a component of the marketing mix. Consider the Mission, Objectives, Target Market, Competition, Core Strategy, and Communications & Promotions when making a decision on how pricing will be determined.
    1.Provide a quick overview of the product or service (done already see attachment)
    2.Discuss what pricing objectives you would consider for your product/service.
    3.Identify the pricing objective and strategy you will ultimately choose and explain why.
    This discussion board requires citations and a reference list since you will be referring to pricing strategies

    © BrainMass Inc. brainmass.com March 4, 2021, 9:29 pm ad1c9bdddf
    https://brainmass.com/business/product-management/pricing-objectives-and-strategy-249347

    Attachments

    Solution Preview

    The AI Brainstorming Conference topic for this week is pricing strategy: a component of the marketing mix. Consider the Mission, Objectives, Target Market, Competition, Core Strategy, and Communications & Promotions when making a decision on how pricing will be determined.

    1.Provide a quick overview of the product or service
    The company's product is unique as it's offering both convenience and flexibility to the customers. Its offering remote control with greater flexibility. In this fast paced life the buzz bags will act as a tool of memorizer to the consumers. This will improve the productivity of the consumer. They will also be happier as they will have less stress.

    2.Discuss what pricing objectives you would consider for your product/service.
    Price: The price is what the customer pays. It includes direct and indirect costs as well as opportunity costs. (Hutchens, S. 1998). ...

    Solution Summary

    Response provides guidance with respect to Pricing Objectives and Strategy

    $2.49

    ADVERTISEMENT