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Contemporary Marketing 16th Edition by Louis Boone,David Kurtz
Edition 16ISBN: 978-1133628460Contemporary Marketing 16th Edition by Louis Boone,David Kurtz
Edition 16ISBN: 978-1133628460 Exercise 5
In small teams, categorize each of the following as a specific type of pricing objective. Suggest a company or product likely to use each pricing objective. Compare your findings.
a. 7 percent increase in profits over the previous year
b. prices no more than 8 percent higher than prices quoted by independent dealers
c. 5 percent increase in market share
d. 15 percent return on investment (before taxes)
e. setting the highest prices in the product category to maintain favorable brand image
a. 7 percent increase in profits over the previous year
b. prices no more than 8 percent higher than prices quoted by independent dealers
c. 5 percent increase in market share
d. 15 percent return on investment (before taxes)
e. setting the highest prices in the product category to maintain favorable brand image
Explanation
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Contemporary Marketing 16th Edition by Louis Boone,David Kurtz
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