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1. Research Jamba Juice and also Lagos, Nigeria. Jamba Juice is not a necessity, but rather a premium product.
Question a. What is the Per Capita Income in Lagos, Nigeria?
Question b. What is the Purchase Power Parity? What can Per Capita Income in Lagos buy considering their cost of living?Question c. What is Jamba Juice company's basis of pricing?Question d. What is the competitive environment in Lagos? i. Any direct competitors?ii. What are substitute products?iii. What is your best judgment of consumers' perceived value for product such as Jamba Juice?Question e. Now taking 1a - 1d into consideration, what should be your pricing strategy (skimming, competitive, premium, penetrating, etc.) Question f. How does your price compare to that of the price in the U.S. in terms of the product price ratio to the household income?Question g. What is your rationale for the pricing in terms of the brand positioning you wish to maintain?
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