Consumers are willing to pay for product or service

Assignment Help Operation Management

Reference no: EM132308389

Marketing question- Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service. Some critics shudder, however, at the thought of $2 bottles of water, $150 running shoes, and $500 concert tickets. Take a Position: Prices should reflect the value that consumers are willing to pay versus Prices should primarily just be based on the cost involved in making the product or service.

Reference no: EM132308389

Questions Cloud

Two approaches to selling wine at duke restaurant : What is your opinion about the two approaches to selling wine at Duke’s Restaurant?

Use of color communicates nonverbal messages : Explain how the use of color communicates nonverbal messages.

Identify cultures that favor direct eye contact : Identify cultures that favor direct eye contact and those that avoid eye contact.

How attitudes toward time vary from culture to culture : Discuss differences in paralanguage of people in various cultures. Explain how attitudes toward time vary from culture to culture.

Consumers are willing to pay for product or service : Marketing question- Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service.

Situation concerning the use of language : Explain what is happening in this situation concerning the use of language.

Office depot ever pursued horizontal integration strategy : Has Office Depot ever pursued a horizontal integration strategy? What was the strategic reason for pursuing this strategy ?

Americans and europeans on consumption of various beverages : Determine if there is a significant difference between Americans and Europeans on the consumption of various beverages?

Four ways of reporting the quantitative data from survey : Range, mean, median, and mode are four ways of reporting the quantitative data from a survey. Explain how they differ.

User Account

All Pages