Marketing: Difference in prices; product life cycle
Not what you're looking for?
Select a product or service.
Then select two different organizations that provide your selected product or service and compare the prices associated with your selected product or service.
What is the difference between the prices among the different organizations? What is the rationale for this difference?
Select a product with which you are familiar.
What stage is your selected product at in the product life cycle? Provide rationale for your answer.
Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?
Purchase this Solution
Solution Summary
Solution clearly explains the difference between prices among products of different organizations and the rationale for the difference and product life cycle with examples.
Solution Preview
Answer for Question Set 1:
Q) Select a product or service.
A) I would select the Mobile phone N95 from NOKIA. LG and SAMSUNG provide the similar featured mobile phones but as compared to NOKIA mobile phones the prices of LG and SAMSUNG mobile phones are much lower.
Q) What is the difference between the prices among the different organizations? What is the rationale for this difference?
NOKIA mobile phones are expensive when compared to LG and SAMSUNG because NOKIA Mobile Phones Company is in the third stage of product life cycle which means that Nokia has a lot of customers and popularity all around the world while LG and ...
Purchase this Solution
Free BrainMass Quizzes
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.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking