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Marketing 12th Edition by Charles Lamb,Charles Lamb,Joe Hair
Edition 12ISBN: 978-1111821647Marketing 12th Edition by Charles Lamb,Charles Lamb,Joe Hair
Edition 12ISBN: 978-1111821647 Exercise 3
Setting the right price is one of the most challenging aspects of a marketer's job. How high a price will the market bear? What kind of message does the price communicate? How flexible can our price be? The answer to those and a multitude of other questions relating to price vary by industry, by product categories within an industry, and even by brand and store.
This video shows you a wide range of pricing issues and concerns facing new brands, like method, ReadyMade Magazine, and Acid+All, and established brands, like Sephora and Vans. There are both similarities and differences in the tools each company uses to set and fine-tune its base price. One idea, however, unifies all of the companies: pricing is a considered strategy, not an afterthought.
In what ways is the pricing strategy of Sephora similar to that of Acid+ All?
This video shows you a wide range of pricing issues and concerns facing new brands, like method, ReadyMade Magazine, and Acid+All, and established brands, like Sephora and Vans. There are both similarities and differences in the tools each company uses to set and fine-tune its base price. One idea, however, unifies all of the companies: pricing is a considered strategy, not an afterthought.
In what ways is the pricing strategy of Sephora similar to that of Acid+ All?
Explanation
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Marketing 12th Edition by Charles Lamb,Charles Lamb,Joe Hair
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