a company chooses to price its products by value-based pricing. in order for this type of pricing to be most effective, what additional tactics should be included with the price?

Answers

Answer 1

The additional tactics to be included is use of value-based price in conjunction with all elements of the marketing mix communicating value to the customer

Basically, a value-based pricing is a prices fixing strategy based on consumers perceived value of the product in the market

This type of pricing strategy maintains a certain price level to prevent customers from looking out for competitors product.

Hence, the additional tactics to be included is elements of the marketing mix communicating value to the customer

In conclusion, the Option B is correct.

The missing option includes "a.) employ a general market approach to pricing which considers what the market as a whole sees as valuable in a product or service b.) use a value-based price in conjunction with all elements of the marketing mix communicating value to the customer c.) offer a middle price point with the established price and tout the singularity of the product’s value"

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Related Questions

Downward influence is best achieved through A. citing the firm's goals. B. forming alliances. C. an inspiring vision. D. forming support networks.

Answers

Answer:

B. forming alliances

Explanation:

what is the primary driver of the left hand of the yield curve

Answers

Answer:

Central bank interest rates.

Explanation:

which of the scenarios is the best example of a firm practicing perfect price discrimination?

Answers

Someone who is able to divine what the information is worth to each customer

Shelia does quality control for a company that manufactures lawn mower parts. On any given day, she finds the probability distribution for defective parts as shown in the table. Using the data from the table, what is the probability of having 2 defective parts in a day?.

Answers

Answer:

part 1 answer is: 0.04 part 2: 0.15

Explanation:

just did it on edge  

From the question and the table made available, the probability of having 2 defective parts in a day is 0.04.

What is probability?

This is a term that is used in statistics to show the chances that something is going to occur.

The probability of two defective parts happening in a day on this table if 0.04

P(X) = P(2) = 0.04

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Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example of the ______ model of crowdfunding, where an entrepreneur offers a stake in the company in exchange for backing.

Answers

Considering the situation described above, this is an example of the "Reward-based" model of crowdfunding.

This is because a reward-based crowdfunding model is a type of crowdfunding that gives the donor something of value in return.

These rewards may be in the form of commodities, services, discounts, or adverts, etc.

There are various types of crowdfunding models. The most common types are the following:

Equity-based model;Donation or social-based model;Lending model;Reward-based model.

Hence, in this case, it is concluded that the correct answer is the "Reward-based model" of crowdfunding.

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what is Communication, ​

Answers

Communication is where you have contact with other people for example a conversation is a form of communication

the largest portion of federal tax revenue comes from _____.

Answers

Individual income tax

When aggregate demand falls, to avoid a(n) and return to the long-run equilibrium, we must increase aggregate demand.

Answers

Answer:recession or contraction

Explanation:

_____ refers to raw materials, work-in-process, or finished goods that are maintained to support production or satisfy customer demand.

Answers

Answer:

inventory

Explanation:

inventory refers to raw materials, work-in-process, or finished goods that are maintained to support production or satisfy customer demand.

increased visibility, tracking, traceability and higher quality are all attributes of what type of benefits for tracking items using rfid tags?

Answers

The operational benefit is benefit offered by the rfid tags because of its attributes of increasing visibility, tracking etc

Operational benefit refers to something that reduces use of manpower, improves work accuracy, reduces operational costs etc

The rfid tags are used in inventory tracking and works by using electromagnetic fields to identify and track tags attached to the products.

Therefore, the rfid tags offered the benefit known as Operational benefit because of its attribute including increased visibility, tracking, traceability, higher quality etc.

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When the makers of Reese's candy bars decided to manufacture Reese's peanut butter, it was an example of

Answers

When the makers of Reese's candy bars decided to manufacture Reese's peanut butter, it was an example of Brand extension.

A brand extension or brand stretching involves a company using one of its product brand names on a new product. The new product is known as a spin-off.

This method increases the new brand sales.

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warren works at a distribution center that ships merchandise by truck to 300 stores. in order to handle complex transportation problems, what does warren rely on?

Answers

In other to maximize the effectiveness of delivery equipments and manage time, Warren would need to rely on routing and scheduling softwares.

Handling logistics is an important aspect of business as it is at the core of the distribution process. Therefore, in other to solve complex transportation problems, reliance would be on routing and scheduling software.

These softwares takes into cognizance, road, traffic and other constraints on other produce the most efficient route for warren.

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Purchased goods on credit Rs. 2,000 from hari at 10% trade discount​

Answers

Answer:

SHE / HE HAS PURCHASED GOOD = 2000

CREDIT CARD

DISCOUNT = 10 %

[tex] \frac{10}{100} \times 2000 \: = \frac{10 \times 20}{1} = 200[/tex]

DISCOUNT YOU GOT IS 200

When forming a business strategy, the firm needs to compare the cost advantages and drivers of uniqueness across its different activities and compare with that of other firms. True False

Answers

True I think don’t make and answer off me think harder about it

to create strong partnering relationships, supply chain members must develop mutual trust, openly communicate, have common goals, recognize the benefits of interdependence, and

Answers

Supply chain members must build mutual trust, communicate openly, share common goals, recognize the benefits of interdependence, and be willing to invest in each other's success.

Through these competencies, partnering relationships will be stronger and more effective in achieving the organizational goals and targets of each member of the supply chain.

The supply chain network comprises:

ProducersSellersWarehousesTransport companiesDistribution centersRetailers

It is essential that the relationship between a company and its suppliers is integrated and that one member contributes to the other's success, as each step of the supply chain is related to another.

Therefore, as the supply chain is a cycle, each step will impact the activities of the next step, requiring the integration of members and maintaining the quality of the product cycle until reaching the end customer.

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if, after reflecting on the nature of leadership you decide that all leaders must treat their followers with respect, then you have identified a leadership model.

Answers

Answer:

Behavioral

Explanation:

Name three valid reasons (termination for cause) an employee may be terminated from a job?

Answers

Stealing drinking on the job and and charging people extra to keep the money

because of automation, which component of product cost is declining?

Answers

The costs involved in creating a product are called Product Costs. These costs include materials, labor, production supplies and factory overhead. The cost of the labor required to deliver a service to a customer is also considered a product cost

when intermountain healthcare wants patients to have comprehensive, standardized, detailed information about their condition and their treatment plan, what is the most appropriate way to communicate this information to providers, who will then give it to patients?

Answers

The most appropriate way to communicate this information to providers will be in information sheets that are produced and distributed through a centralized network.

Based on the information given, it should be noted that the healthcare organization needs to be effective in order to ensure that there's proper information to be provided.

Therefore, when intermountain healthcare wants patients to have comprehensive, standardized, detailed information about their condition and their treatment plan, it should be communicated in information sheets that are produced and distributed through a centralized network.

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Which is NOT something you should look for in a savings account?


a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate

Answers

Answer:

b) Rewards for using your debit card

Explanation:

If it’s a saving account why would I using my debit?

Which of the following symptoms is NOT associated with an allergic reaction?
Trouble breathing
Anxiety
OOO
Fainting
Screaming

Answers

When one is having an allergic reaction to something, one symptom that is not expected is Screaming.

An allergic reaction usually leads to the following:

Person has trouble breathing Person develops anxiety Person might faint

It is not a usual thing that a person will scream as a result of an allergic reaction.

We can therefore conclude that screaming is not associated with allergic reactions.

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what is the general rule for recognizing revenues in governmental funds?

Answers

Revenues should be recognized when available and measurable.
*Revenues should be recognized when available
and measurable.*
I got right but you can search more info on internet

4. You hire three individuals as independent contractors (gardener, hairdresser, handyman). What is the maximum you can annually pay each and NOT be required to report the earnings to the IRS on a Form 1099-MISC?

A. I don't know
B. $0 - I am not required to report their earnings because they are independent contractors
C. $259
D. $499
E. $599
F. $1,899

Answers

Answer:

c

Explanation:

A(n) _____ note is an obligation requiring a series of payments to the lenders. Multiple choice question. secured registered term installment

Answers

Answer: installment

Explanation:

The entry to record the issuance of 100,000 shares of $0.10 par value common stock for $10 per share is debit ______.

Answers

The entry to record the issuance of 100,000 shares of $0.10 par value common stock for $10 per share will be:

Debit Cash for $1,000,000.Debit common stock $10000Debit Additional paid-in-capital $990000.

Based on the information given in the question, the amount that will be calculated for cash will be:

= 100000 × $10

= $1000000

Common stock will be:

= 100000 × $0.10

= $10,000

Additional paid in capital will be:

= $1,000,000 - $10,000

= $990,000

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How has Tesco’s performed against each of the measures of success?

Answers

Answer:

For a long time, we measured our performance using the Steering Wheel. ... We now have just six simple, key business performance measures. It's about alignment and focus: if we give our colleagues more power to choose the right actions, we'll do a better job for customers and achieve greater success for our business.

Answer:

Tesco has been particularly successful because of its powerful brand.  It has a reputation for value, low prices and for being customer focused.  Its brand equity and associations have helped the company to expand into new sectors and markets.  Tesco has also been strong in public relations, advertising and building profile in catchment areas on a local level.  This local approach to marketing appears to be a key driver for success.

Innovations like the mass production of cars can create economies of scale. However, over time this benefit becomes less meaningful because:

Answers

Answer:

other companies copy the processes

Explanation:

The name of the Department that is primarily involved in the sourcing, screening and hiring of personnel is:

Answers

Answer:

Explanation:

Hr

In March, stockholders of Herbalife Nutrition approved a 2-for-1 stock split. After the split, how many shares of Herbalife stock will an investor have if she or he owned 160 shares before the split

Answers

The number of shares that an investor will have after split is 320 shares.

Stock split refers to when a company divides its existing shares into multiple shares.

Here, we are to find the number of shares that an investor will own.

Given Information

Stock split rate = 2-for-1 stock split (2/1)

Share holding before split = 160 shares

Number of shares after the split = Share holding before split * Stock split rate

Number of shares after the split = 160 shares * 2/1

Number of shares after the split = 320 shares

Therefore, the number of shares that an investor will have after split is 320 shares.

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at what age can you withdraw from 401k without paying taxes

Answers

Answer:

around the age 59 1/2

Explanation:

The withdrawls will be subject  to ordinary income tax, based on your tax bracket.

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