Explain how high/low pricing can be an effective method to accomplish price segmentation.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
When a product is at its high price it is sold to the high VTC custome...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Pricing Strategies A Marketing approach
ISBN: 978-1412964746
1st edition
Authors: Robert M. Schindler
Question Posted:
Students also viewed these Marketing questions
-
What is a feature-dependent premium? Describe how such a premium is key to the ability of a product-enhancing feature to accomplish price segmentation.
-
Under what conditions might it be appropriate to use a product-diminishing feature to accomplish price segmentation?
-
Describe how offering two products together in a bundle can accomplish price segmentation. What conditions would be necessary for this price-segmentation fence to be effectively used?
-
In schema normalisation, is Boyce-Codd Normal Form (BCNF) always to be preferred over 3rd Normal Form (4NF)? Explain your answer. [5 marks] 8 (TURN OVER) CST.2004.7.4 8 Economics, Law and Ethics (a)...
-
What is a not-for-profit organization? If their objective is not to make a profit, what is it? Why is a traditional income statement not appropriate for a not-for-profit organization?
-
Three mechanisms by which membrane-binding proteins bend a membrane are illustrated in Figure Q102A, B, and C. As shown, each of these cytosolic membrane- bending proteins would induce an...
-
Discuss under what conditions unemployment compensation can be denied to a claimant.
-
A business issued a 45-day, 6% note for $80,000 to a creditor on account. Journalize the entries to record (a) The issuance of the note and (b) The payment of the note at maturity, including interest.
-
Assume that the driving force for the transport of the species A across a sheet of metal Me with variable thickness at constant temperature is due to the difference between the chemical potentials A...
-
Paul Duncan, financial manager of EduSoft Inc., is facing a dilemma. The firm was founded 5 years ago to provide educational software for the rapidly expanding primary and secondary school markets....
-
Distinguish between capacity costs and operating costs. What is the argument against using off-peak sales to subsidize new-capacity expenditures?
-
What is EDLP? What are the factors that can help high/low pricing be successful in the presence of EDLP competition?
-
Shifts in velocity are caused by changes in the demand for money. a. The transactions demand for money depends on income, interest rates, and the availability of alternative means of payment. b. The...
-
On January 1, 2018, Kelley became a 10 percent partner of the Realty Partnership upon contributing land he had held as an investment for five years. The basis of the land to Kelley was \(\$...
-
Hal is single and in 2018 he obtained IRS permission to change from the calendar year to a fiscal year ended August 31, 2018. Hal earned \(\$ 80,000\) through August 31, 2018 and had \$7,000 in...
-
Suppose you have been asked by your school newspaper to write a short article about business ethics and entrepreneurship. The editor of the paper has asked you to write a 300-word piece. Shes asked...
-
How does the use of a multiple regression model affect the number of degrees of freedom in a regression model? Contrast your response with that involving a simple regression model.
-
Ruben and Albert are both calendar-year taxpayers, and are equal partners in the RA Partnership, which has a fiscal year ending on October 31. During the 2018-2019 fiscal year the partnership earns...
-
Refer to Fig. 6 and evaluate L -1 f(t)dt.
-
Chris Zulliger was a chef at the Plaza Restaurant in the Snowbird Ski Resort in Utah. The restaurant is located at the base of a mountain. As a chef for the Plaza, Zulliger was instructed by his...
-
Tom Ward put $10,000 in a 5-year certificate of deposit that pays 12% interest per year. At the end of the 5 years the certificate will mature and he will receive his $10,000 back. Tom has...
-
Dick De Wolf and his wife have a total taxable income of $60,000 this year and file a joint federal income tax return. If inflation continues for the next 20 years at a 7% rate, compounded annually,...
-
A small research device is purchased for $10,000 and depreciated by MACRS depreciation . The net benefits from the device, before deducting depreciation , are $2000 at the end of the first year and...
-
Compare life cover end funeral cover stating the advantages and disadvantages of each.
-
What are the change management issues in C 3 solutions?
-
What are 2 key events discussed in the documentary kanyi?
Study smarter with the SolutionInn App