Question: Question 1 0 : You have accepted a position as a marketing manager for a company that creates deluxe board games in a variety of

Question 10: You have accepted a position as a marketing manager for a company that creates deluxe board games in a variety of genres. The company has been using a valuebased approach to pricing, which allows them to position their products based on the perceived quality of the game's artwork, manufacturing, and complex gameplay mechanics. Sales have remained low, however, and the CEO of the company is concerned about losing market share to competitors who are taking notice of the deluxe board games trend. Which of the following pricing models would be the best option for restructuring the company's pricing approach?
A La Carte pricing would be appropriate given the fact that board games consist of dozens of individual, interdependent components
Cost-based pricing would establish a baseline cost for each product, and the additional markup value would provide consistent revenue for the company
Market-based pricing would position the product in relation to similar offerings in the market, giving the company a good idea of what customers are willing to pay so that businesses can position their products competitively
Customer demand for these products is inconsistent, and dynamic pricing would capitalize on trends in customer demand
 Question 10: You have accepted a position as a marketing manager

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!