Discuss how important price sensitivity and elasticity is

Assignment Help Marketing Management
Reference no: EM133461763

Questions: Imagine two home builders developing two new subdivisions. Builder A constructs tract homes, very similar, if not identical, to one another. There are only one or two floor plans from which to choose for these quickly built homes. Builder B builds custom homes, each individually designed and constructed based on the needs and desires of the individual homeowners. Wr a three-paragraph about these two builders.
1. In the first paragraph, create two different brand names and taglines for the two different builders. In this paragraph, explain the reasons for these different brands.
2. The second paragraph focuses on pricing, although you do not need to determine specific prices for the homes. How will profits be determined for the two companies (or for any company)? Determine and explain a pricing objective strategy for each builder (profit maximization, volume maximization, survival pricing). Discuss how important price sensitivity and elasticity is for each one of the construction firms, and then offer one pricing tactics for each builder. (u should choose one tactic for each of the two builders from the following list: markup pricing, prestige pricing, odd/even pricing, season discounts, price bundling, or dynamic pricing.)
3. In the third paragraph, discuss the promotion/distribution of homes for each builder from a strategy point of view. What strategy should Builder A and Builder B use: a push strategy or a pull strategy? Explain why u made this determination.

Reference no: EM133461763

Questions Cloud

Define the case management protocols for high-risk clients : define the case management protocols for high-risk clients. What levels of services are indicated for those determined as high-risk? How does a case manager
Global market entry and operations management : Global Market Entry and Operations Management. Select a key term from the key terms page located in the chapters in the Learn section.
How could understanding cultural values help a marketer : Why is non-verbal communication different from formal language? What are the implications for marketers? How could understanding cultural values help
What is overall organizational diagnosis : What is the overall Organizational diagnosis you can give to the company "FarOut Wilderness" Discuss.
Discuss how important price sensitivity and elasticity is : Determine and explain a pricing objective strategy for each builder (profit maximization, volume maximization, survival pricing). Discuss how important price
Organizational structure and business behavior : Discuss the relationship between organizational structure and business behavior, including how a mutually beneficial connection
How much money should be taken from the customer bank : The customer wants to set up an automatic fee withdrawal to pay each of the three installments. How much money should be taken from the customer's bank account
Board of advisers of foodbank subsidiary unit : What shall be the size, composition, characteristics, and potential responsibilities of a board of advisers of the Foodbank subsidiary unit?
Determine any new markets for your strategy and describe : Determine any new markets for your strategy and describe how you will provide value to each target market for Wal-Mart

Reviews

Write a Review

Marketing Management Questions & Answers

  Psychographic market segmentation

What message(s) (stereotypes, cultural values, etc.) does each commercial seem to convey. Do you feel any of commercials use psychological tricks in advertising

  Analyze why did you select the specific components you did

Analyze why did you select the specific components you did? Is there a "best practices checklist" that can be created for analyzing emerging markets?

  How are vertical and horizontal e marketplaces different

Why do commoditylike and digital items sell well in the B2C e-commerce business model?- What is mass customization?

  The earliest start es earliest finish ef latest start ls

draw the activity on node aon project network using microsoft project or visio. perform a critical path analysis for

  How mcdonald operates

Kroc gets a behind-the-scenes look at how McDonald's operates. What are they doing that makes them so much better than their competition?

  Justify why you ranked your first and last choices

The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Justify why you ranked your first and last choices

  What did learn from the racial wealth gap simulation

What did you learn from the Racial Wealth Gap Simulation? How does what you learned help your understanding of racial inequities?

  Plan marketing mixes for two different segments

Plan marketing mixes for two different segments in consumer markets - Illustrate the differences in marketing products and services

  Working for the company besides the four officers

ISM 525 University of Michigan, As the company has not officially opened its doors for business, no one else has started working for the company besides

  Explain the consumption behaviour

Explain from a Consumer Perspective, significant changes and adjustments that have occurred in YOUR FAMILY AND YOUR consumption behaviour.

  Pricing strategy and supply chain strategy

Connection to differentiation and positioning strategy. Overall supply chain strategy. Channels and intermediaries being used

  Describe the different types of advertising appeals

Describe the different types of advertising appeals. From a consumer behavior point of view, provide an example of a product category

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd