MKT500 Unit 4 Discussion - Pricing Products

Question # 00837000 Posted By: wildcraft Updated on: 01/11/2023 02:01 AM Due on: 01/11/2023
Subject Business Topic General Business Tutorials:
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  • Watch the video in the LEARN section of our class. 

B2B Marketing Foundations: Pricing Strategies: Linking Marketing and Pricing Strategy (3:28).

  • Discuss two areas of price sensitivity for your hypothetical business and how each of these could potentially affect consumer adoption of this product or service. Areas of price sensitivity include: customer purchasing preferences, brand loyalty, price of purchase compared to income, item is a luxury versus a necessity, there are many viable substitutes and it is easy to compare prices.
  • This should be a 300 – 500-word discussion.
  • Before you answer this discussion, please read these articles for a very different perspective.

Consumers snap up premium products despite cost-of-living crisis at CNBC Personalized coffees, "prestige" skincare and "elevated" spreads: companies are focusing on premium products and consumers seem to love it.CNBC

This Vodka Costs Nearly $4 Million How much would you spend on a bottle of vodka? If you've got a few million lying around, maybe you'll like to try high-priced Billionaire

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  1. Tutorial # 00832452 Posted By: wildcraft Posted on: 01/11/2023 02:03 AM
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