Haval's new Funky Cat, or Ora, is on its way to South Africa, promising to be Mzanzi's cheapest new electric vehicle. Considering that a high price is seldom associated with responding high quality. assess the wisdom of deploying a low pricing market-entry strategy instead of high proce market entry strategy
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Haval's new Funky Cat, or Ora, is on its way to South Africa, promising to be Mzanzi's cheapest new electric vehicle.
Considering that a high price is seldom associated with responding high quality. assess the wisdom of deploying a low pricing market-entry strategy instead of high proce market entry strategy
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- The questions to follow are based on the Converse, Chuck Taylor, All Star Sneakers introduced see attached image Q1 - Which one of the following pricing objectives would be considered most appropriate for the Converse All Star sneaker? Justify your answer.• Profit orientated goals• Sales orientated goals.• Increasing market shareQ.2 - If Converse introduced a new SMART WATCH for Men and Women, should they launch the product using Market Skimming or Marketing Penetration? Explain your choice.Find recent examples of online pricing - such as Book Now for a P1 (1 peso fare) or any 9-ending pricing and how companies have handled the problems especially during the COVID-19 pandemic. Provide screenshots of the pricing advertisements. Do not forget to cite your references/websites.What are factors that can help high/low pricing be successful in the presence of EDLP competition?
- It is recommendable that the Company uses product and pricing strategy, which can provide a twin approach (Koester, 2011) The strategy should focus on ensuring smooth entry of a new product within a targeted marketplace as well as strengthening prices as the product continue to establish itself within the product life cycle. To this end, it is recommendable that the company uses introductory pricing strategies to facilitate a smoot entry. What is you understanding of this paragragh? What is Nike recommended to do from this?What is Break-Even Analysis and Break- Even Pricing? Explain the factors affecting Price Sensitivity?First review the topics below and select one. Once selected, include the concept, a description of the concept, and what about the concept you understand and what it is about the concept that can be confusing. How pricing objectives should guide strategy planning for pricing decisions. Setting the price level for a product in the early stages of the product life cycle. Variations of a price structure, including discounts, allowances, and who pays transportation costs. The role of price in obtaining a competitive advantage by offering target customers superior value. The legality of price-level and price-flexibility policies. How most wholesalers and retailers set their prices by using markups. Advantages and disadvantages of average-cost pricing. How to use break-even analysis to evaluate possible prices. The advantages of marginal analysis and how to use it for price setting. Demand-oriented factors that influence price setting. Elements of the marketing strategy planning process…
- is pricing policy an appropriate mechanism to control inventory levels? If so how should price be determined?Haval's new Funky Cat, or Ora, is on its way to South Africa, promising to be the cheapest new electric vehicle. A expensive price is seldom associated with corresponding high quality. Assess the wisdom of deploying a low pricing market-entry strategy instead of a high price market-entry strategy.For the following scenarios suggest a pricing strategy and justify why that strategy is most suitable for that business. Scenario 1 Corey has just launched an online business selling customized hoodies. The hoodies are high quality and made uniquely for each individual customer. He sells them solely online through his Shopify store. Highlight the correct answer. a. Penetration pricing b. Economy pricing c. Price skimming d. Psychological pricing e. Premium pricing f. Competitor pricing g. Cost plus pricing Scenario 2 Ellie writes eBooks for people in business and has a very reputable name but is branching out to follow her passion of writing eBooks for children. This is a highly competitive market where her name as an author is not known. Highlight the correct answer. a. Penetration pricing b. Economy pricing c. Price skimming d. Psychological pricing e. Premium pricing f. Competitor pricing g. Cost plus pricing Scenario 3 Maurice is a well-established roofer within…
- Does Cath Kidston’s pricing strategy truly differentiate it from the competition?33- Which of the following is true about penetration pricing strategy? Group of answer choices penetration pricing aims to grow sales and increase market share it is appropriate for newly introduced products that are unique penetration pricing aims to build reputation as a high quality product penetration pricing is mainly used for products that are in the decline phase of the product life cycle 34- Disney’s advertising is known for the slogan “The Happiest Place on Earth.” Which of the following emotional appeals is Disney using? Group of answer choices humor fear/safety happiness nostalgia 35- Stores like Staples are called category killers because they Group of answer choices offer a limited variety and speedy checkout offer limited merchandise with good service in a small store carry inconsistent assortment of brand name products at low prices offer discounted price on a relatively narrower product selection but deeper assortment within each product 36-…Imagine that you are the manager of a large clothing company with market power that specializes in selling blue jean pants. 1) Choose two pricing strategies that were discussed in Chapter (Pricing Strategies for Firms with Market Power) that you would implement as the firm manager. 2) Explain how exactly you would implement these two pricing strategies in the real-world Please answer the 2nd part Expert Answer Step 1 "Since you have asked two questions, we will answer only first question for you. If you have any doubt, then repost the questions separately." Step 2 1) Market Power is the degree to which a firm can influence the price of an item by exercising control over its demand, supply, or both. Pricing strategies are aimed at finding a product’s optimum price, considering the various factors like market objectives, consumer demand, product attributes, price of competitors and market and economic trends. Firms with market power use different price strategies to…