Discuss each of the pricing strategies

Assignment Help Business Economics

Reference no: EM13852683

Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer.

a. A local restaurant/bar offers discounted drinks during “happy hour,” from 5 to 6 PM on weeknights.

b. The price Company X charges for its ink cartridges is nearly as much as it charges for a printer.

c. Packs of 5 T-shirts cost $10 while an individual T-shirt costs $4.

d. Coupons for specials at a local grocery store can be downloaded from an online site.

e. Computer and appliance manufacturers promote service contracts.

f. Microsoft Office includes several programs in one package.

Reference no: EM13852683

Questions Cloud

The producer in the perfectly competitive market : The producer in the perfectly competitive market above will pick a level of production such that:

Marginal utility of consumption : Madison has 5 times the marginal utility of consumption as Seth. If the government wants to achieve maximum societal happiness, should it transfer wealth from Seth to Madison?

Calculate the term premium according to term premium theory : Refer to the yield curve above for February 2015. According to the expectations theory, what was the interest rate expected to be on a one-year Treasury security February 2016? Refer to the yield curve above for February 2015. Suppose the yield on th..

Estimate additional dollar cost of additional salesperson : As Vice President of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force ( from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional pe..

Discuss each of the pricing strategies : Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits?

What price should you charge for movie tickets : You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what they’re willing to pay for a movie ($10, $9, $8, $7, $6, $5, $4, $3, $2, $1). What price sho..

Behavioral economics clearly makes important contribution : Behavioral economics clearly makes an important contribution to our understanding of economies. Which, after all, are driven by human behavior?

Using the traditional supply and demand model : In an effort to reduce education expenditures, Delware shuts down two of the five colleges that train nurses. Using the traditional supply and demand model, discuss the effects of the budget cut on three markets: the markets for nurse schooling (tuit..

How much money per year would you need to have saved : Let’s say you plan to retire 40 years from now, and you decide you could live on $40,000 per year if you retired today. If the inflation rate is 3% between now and your retirement date, how much money per year would you need to have saved?

User Account

All Pages