For new products, when is skimming pricing more appropriate, and when is penetration pricing the best strategy? When would trial pricing be an effective pricing strategy?

Consumer perceptions of prices are also affected by alternative pricing strategies.  Marriott Hotels, for example, has different brands for differing price points.  Building upon the Marriott example, please SCAN the environment to find examples of a company whose pricing strategy is closely tied to its branding strategies.

Explain why might strategy for setting a product's price need to be changed when a product is part of a product mix? What are the five product mix pricing strategies? Provide an example for each?

Compare and contrast research-based profitology pricing vs marked-up pricing strategy.  As a seasoned sales consultant of marketing with the responsibility of pricing goods and services for a firm, discuss and explain the pricing strategy you used to price women’ summer straw hats that were expected April 27, but were recieved July 10, due to shipping discrepancy. Please be sure to provide examples to support your case for the pricing strategy used.