Question: microwave sell for 200 dollar (has a unique design or features from Samsung, 2 microwave for 350 dollar) What is the Product Class: convenience, specialty,
microwave sell for 200 dollar (has a unique design or features from Samsung, 2 microwave for 350 dollar)
What is the Product Class: convenience, specialty, shopping, unsought?
Product Life Cycle
What is stage of the PLC? Introduction, growth, maturity, decline
Brand: (define & explain)
what type of a brand is being used
family or individual brand?
price objective
- Profit-oriented pricing
- Sales-oriented pricing
- Status-quo pricing
Will you use Penetration pricing or skimming price? Explain the one selected and justify your choice.
- What Special Pricing tactics will be used? Odd-even pricing, Price bundling, seasonal pricing etc.
Level of distribution intensity
- Intensive distribution
- Exclusive distribution
- Selective distribution
- Which type/s of media will be used and Why? Television, Magazine, Newspaper, Internet, Radio, Outdoor media
- What will be offered to the Consumer and why? Consider the use of Coupons, Rebates, Premiums, Loyalty rebate programs, Frequent buyer program, Contests, Sweepstakes, Sampling, Point of Purchase promotion
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