Global coronavirus outbreak

Assignment Help Marketing Management
Reference no: EM133168291

The global coronavirus outbreak has seriously impacted the tourism and hospitality industries in Singapore. Many tourist attraction sites are affected by the lack of visitors. Popular tourist sites are:

1. Night Safari

2. Universal Studios Singapore (USS)

3. Singapore Flyer

4. Mandai Zoo

Question 1. Select one of the four sites listed above and analyse its pricing strategies from the perspective of:

1. Price segmentation

2. Price fences

3. Psychological value drivers

(b) Given the ongoing pandemic, propose two new pricing strategies that will encourage local tourism to these attractions.

Reference no: EM133168291

Questions Cloud

Competitive advantage and marketing advantages : We discussed three types of competitive advantages - cost, differentiation, and marketing advantages.
Health care from proven sources and models : What precautions might you suggest when handling health care data? Be sure to apply current trends in health care from proven sources and models.
Creating market strategy using blockchain technology : Creating a market strategy using Blockchain technology to increase knowledge about consumer preferences and developing branding for your company.
Digital marketing-product-service and digitally explore : Identify 3 companies that sell your selected product/service and "digitally explore" each as it relates to your selected product/service.
Global coronavirus outbreak : The global coronavirus outbreak has seriously impacted the tourism and hospitality industries in Singapore.
Concept of customer lifetime value : Describe the concept of customer lifetime value (CLV).
Costs of focusing on market segmentation : Some companies put a very high emphasis on effective market segmentation. What are some of the benefits and costs of focusing on market segmentation?
Discuss type of hierarchy and related details of each role : Explain in the structure of your org chart. Discuss the type of hierarchy and related details of each role.
The role of capitalism : Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Reviews

Write a Review

Marketing Management Questions & Answers

  Requirement for effective advertising

Explain what this means by using examples of several advertising methods that can successfully break through competitive clutter.

  Describes the organization and its online efforts

Describes the organization and its online efforts, Identifies what types of data the organization collects and Analyzes which types of marketing decisions are made based on the data collected.

  Conducting successful business-to-business research

What are the potential obstacles to conducting successful business-to-business research as it relates to a sport teams' current partners?

  Encouraging target markers to buy

How will this add value to your brand and differentiate it from the competition while also encouraging target markers to buy.

  Measure the success of the online strategy

Identify a company that could benefit from better use of social media. Determine key performance indicators to measure the success of the online strategy.

  Particular school of jurisprudence

How do you view law and the legal system with regard to how your beliefs correspond to a particular school of jurisprudence? Which school do you feel that your beliefs most closely correspond to and why? Illustrate your answer with a specific exam..

  Pick a category basically dominated by two main brands

Pick a category basically dominated by two main brands - What are their main points-of-parity and points-of-difference

  What made that simpler or more hard for you

To what extent were you able to use a contingency approach to leadership? What made that simpler or more hard for you?

  Company is practicing market-skimming pricing

When The Candy Store sets a low initial price in order to get its "foot in the door" and to quickly attract a large number of buyers, the company is practicing market-skimming pricing

  Identify the appropriate place and promotional strategy

identify the appropriate place and promotional strategy that should be used in the development of the strategic

  What are the differences between the medieval and modern

1. what are the differences between the medieval and modern world views?2. what is aquinas scholastic method?3. what

  Determine and discuss how managerial accounting can help

write a 3-4 page paper in which you1.identify the pros and cons of the partnership as a form of ownership.2.discuss

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