Your company manufactures travel bags and is keen on establishing its presence in the Indian market. If you were given the responsibility to decide the pricing strategy the company should use, what would you decide? Explain your answer.

Q: It refers to the factor or consideration exhibited by a company, service, product or brand as the…

A: At the marketplace, a product is the output produced by a producer using raw material and supply it…

Q: 2. You have developed a self-study certification system for those who need credit hours for…

A: When P= 190, only segment 1 can afford to pay this price, so only 1000 customers will buy the good…

Q: How can brands create the perception of products through advertisement and social stratisfaction?

A: Businesses have their major events and aspect that needs to be catered for the economy has a driving…

Q: Why might a service business be more selective than a goods-producingbusiness regarding the…

A: Supply is the relationship between the price of a commodity and the the goods and services to be…

Q: Discuss at least 1 pricing practice that is illegal or unethical

A: Mostly, different firms engage in competition to reach their targets, which enables the customers to…

Q: Is Hilton’s product mix deep as well as wide? Explain your answer

A: The Hilton Performance Advantage is a comprehensive system. System of creative ideas and smart…

Q: Complete the following table showing the demand for snow skiing lessons per day. Do this by filling…

A: Revenue is computed as the average sales price multiplied by the number of units sold. It is the top…

Q: Explain at least five different “Functions of Marketing” to any local company of your choice.

A: Answer: Functions of Marketing includes the following points: Market research, before finalization…

Q: Which of the following is NOT an economic function of advertising? a) Facilitating competition b)…

A: Advertising plays an important role in the growth of an economy. Advertisement of a product shares…

Q: When advertising increases brand loyalty for your company's brand, then the company's demand curve…

A: Elasticity measures the responsiveness of quantity demanded with respect to changes in price.

Q: Fantastique Bikes is a company that manufactures bikes in a monopolistically competitive market. The…

A: The structure of a market where there are a large number of firms selling products that tend to be…

Q: An industry said to be characterized by monopolistic competition is the apparel industry. Suppose…

A: A monopolistic industry is one in which a large number of businesses compete for the same (but not…

Q: Fast-food stores often charge higher prices for their products in high-crime areas than they charge…

A: Price discrimination- It is a strategy used for selling in which different prices are charged for…

Q: Differentiate geographical pricing from psychological pricing.

A: The process of establishing a manufacturer's value in exchange for their goods and services is known…

Q: The firm would attract new entrants into the industry if the price is

A: normal-profits are defined as the profits that are required by the firm to break even and continue…

Q: When oil prices increased 10 fold during the 1973 – 80 energy crisis, many oil companies made huge…

A: Excess profit is a type of profit that is considered to be higher than the normal or expected rate…

Q: Which of the following facilitates targeted marketing to specific consumers O Data mining Permission…

A: Permission marketing alludes to a type of publicizing where the target group is given the decision…

Q: a) b) = Monetary goal Strategic goal Developmental goal

A: Under monopolistic competition, firms produce goods that are close substitutes to each other. In…

Q: e the situati

A: Purchasing power of a consumer is the amount of goods and services which could in turn be purchased…

Q: Which of the following statements is true about the history of Southwest Airlines entering new…

A: Southwest airlines are the most flexible airlines among the American airlines with focus on the…

Q: Which of these statements is most CORRECT about real world pricing strategies? Select one: a. Two…

A: Pricing strategies are important to decide on the revenue of the firm. Strategies are important as…

Q: Show the possible effect of this free entry and exit by shifting the demand curve for a typical…

A: In monopolistic competition, profit is maximised at a point where marginal revenue is equal to…

Q: a.       What indicator characterizes the price elasticity of demand? What formula (or formulas) one…

A: Price elasticity of demand is a measure of the sensitivity of the quantity demanded to changes in…

Q: An international airline in Ghana ,Emirates ,estimates that the price elasticity of demand for…

A: The price elasticity of demand measures the responsiveness of quantity demanded to a change in…

Q: Promoters of a major college basketball tournament estimate that the demand for tickets by adults is…

A: Price discrimination refers to the process of charging different prices to different consumers, or…

Q: As an entrepreneur, which graph illustrates the ideal brand loyalty you would like to see for your…

A: Brand Loyalty :Brand loyalty refers to a consumer consistently buying the same product or service…

Q: Some years ago, two intercity bus companies, Greyhound Lines, Inc. and Trailways Transportation…

A: The antitrust law is developed to protect the consumer from unfair practices of businesses. The laws…

Q: identify customers, differentiate among customers, and interact with customers are A - steps of…

A: The given above steps like , Identify customers Differentiate among customers Interact with…

Q: please provide me some advantages and disadvantages of short term pricing policies

A: The term Price refers to a function of the marketing mix. Pricing is the particular value of a good…

Q: How starbucks use product differentiation to maximise profits? What is the relation with elasticity…

A: Demand and supply are important for the overall working of the economy. That is because demand and…

Q: a) Describe the similarities and differences between perfectly competitive and monopolistically…

A: Disclaimer: Since you have asked multipart questions, we will solve the first three questions for…

Q: The diagram above represents a monopolistically competitive firm. Answer the questions below.  Is…

A: Note: Since you have posted a question with multiple sub-parts, we will provide the solution only to…

Q: Fantastique Bikes is a company that manufactures bikes a monopolistically competitive market. The…

A: Monopolistic competition is a type of market structure in which there are a large number of buyers…

Q: ABC Cosmetic is going to launch a new special cleansing cream for men. It has a constant marginal…

A: Elasticity of demand depicts how much consumer responds with the change in price.

Q: Organizations use which pricing objective to maximize long-term sales? Breakeven pricing Profit…

A: A pricing policy is a consistent response to a common query. A systematic pricing approach…

Q: The airline’s use of demand pricing results in passengers paying different prices for essentially…

A: Introduction  Demand is the quantity of commodity that the consumer is willing and able to buy, at…

Q: Discuss how economic forces such as macroeconomic conditions and consumer income affect marketing.

A: Macro economic environment The macro-environment is a broader term that refers to the economic…