Price Course Works Samples For Students

During my high school education, my aunt was owning and managing a electronic shop. I used to assist him in managing her workers and running the daily activities in the electronic shop. However, she closed the electronic shop and started auctioning everything in the store.
After a while, my aunt offered me a job of selling the electronic equipment. She did this by giving me a 5% commission on any equipment I sold. However, she set up the minimum value I would sell any equipment, so I had to really work hard in order I could receive the commission and make extra ...

1. The role of pricing in the marketing mix
Pricing is a very important element of the marketing mix. The process of setting the right price for a product plays an essential role in determining the overall success of not only the other elements of the marketing mix but also the overall success and profitability of the firm. It is thus very important that the pricing process of any product of a firm be undertaken carefully to ensure optimal results for the company.
Pricing is the most flexible of the marketing mix elements. This ability to change prices according to ...

The differences undermines economists way of pricing. Another aspect apart from cost per product-that the social class of the consumers is incorporated in pricing.

The fixed costs are constant for a production period, say annually. The variable cost, which varies with number of units produced are distorted to reflect high amounts, which are intended to be high mark-ups for the vendor.

Cost of selling is very high, taking the case of perfume. This means that the perfume passes through very many stages, which will prompt each person to add some mark-up in order to get profit, hence raising the amount ...

An e-reader is an electronic device which allows the owner to read books, newspapers and magazines on screen. The key selling feature of any e-reader is the question of space: if you are a keen traveler you can take an entire library of digital books with you and read the books wherever you like on a device that is smaller and lighter than the average paperback book. If your space at home is limited and you need access to lots of books, then an e-reader might be the answer. The latest models allow text to be translated, so that books can ...

Incentives is a term used to refer to any factor financial or non-financial to motivate a particular course of action in an organization or something that can give a person reason enough to prefer one choice to the alternatives. It is normally aimed at encouraging someone to act in a particular way. Incentives are believed to have an influence of an individual’s decision making and this will indirectly have an impact on how an organization performs in terms of co-operation and competition within a larger institutional structure. The main aim of incentives is to provide value for money and contribute to organizational success. ...

Abstract

The rechargeable e-cigarette is a new product which has better environmental benefits than the conventional e-cigarettes due to its long usage periods. The product is also beneficial medically since it can be used as an aid to quit smoking. This paper explores the various strategies which can be used to promote the new product in its introduction phase in the market.

Promotion strategy for a new product

The advertising and promotion strategy adopted should have the major goal of ensuring that the company best utilizes its available resources to create the largest market share for its product. It will be very important for the promotion strategies ...

Differentiation Strategy

Differentiation strategy by Nike is used to gain market share advantage in the broad foot ware market. Aside from foot wear, the company boasts of products such as clothing, equipment, and even accessories. The strategy is achieved by producing consumer goods and services that customers perceive to be of high quality or have added unique features. This has been achieved by the company innovating state of the art athletic shoes that are publicized through dramatic “guerrilla” marketing (Marca, 2001). Marketing of the different products is designed to coerce customers that Nike’s shoes are not only superior but also a ...

During classifications, entities are to use inputs for measuring fair value according to the three level hierarchies. We start from the highest then moving to the next until we get one which is available. The three levels used are:

Level 1: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2: Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs ...

Introduction

Several companies such as apple, Sony, RIM, Barnes and Noble, Motorola and Kindle have released e-reader gadgets, a situation that has led to heightened competition. Competition in the e-reader market has benefited the customer by providing more choices at competitive prices. These companies have developed competitive gadgets which are bundled with attractive user packages. This paper compares the effectiveness of the iPad, the Nook and Kindle as e-readers.

Portability

Customers looking for e-book readers often consider the size, price and the functionality of the device. Size is of particular concern because large and heavy devices are less portable and difficult to ...

Unit:

Solution to the Question

When fixed price is 1,000,000

Number of workers= 50,000

Workers daily wage=80

Other variable cost= 400,000

Therefore Total variable cost= (50000*80) + 400, 000

=4,400,000

Units of Output per day=200,000

Therefore, Average Variable Cost=4,400,000 / 200,000

=22

Average total cost= (4,400,000+1,000,000) /200,000

=27

Work productivity= 200, 000 / 50,000

=4
When the fixed price is at 1,000,000, the total cost per unit is $27. Considering the firm sells the output at $25 per unit, and then at this fixed cost, the firm is making a loss of $2 per unit.

When the fixed cost is at 3,000,000

Total variable cost=4,400,000 (calculated in part a)

Average variable cost =22 (calculated in part a)

Average total cost= (4,400,000+3,000,000) / 200,000

=37

Work productivity=4 (calculated in part a)

Advise: When the fixed cost is at $ ...

Taking into consideration the wheat products market in the United States it is evident that because of the availability of wheat there are so many companies in this market. Wheat forms one of the main components of food consumption globally and so its products’ market constitute a larger share of the United States market (Smith & Antle, 2009). Wheat is grown widely in the United States and which contribute to the existence of many different brands of wheat flour. The availability of many farms selling wheat deprives sellers (wheat milling companies) of control over prices; they are price takes. The buyers ...

Introduction:

Global organization is an international alliance which involves many different countries. The following elements are all affected by a company as it moves through evolutional phases for it to be a global organization. The first one is product. A global company creates a single product so that it can only have to pinch elements for different markets. The other key element is price. Price varies from market to market. Price is usually affected by many variables that are the cost of ingredients and cost of delivery. The third one is placement. Placement decisions must consider the position of the product in the ...

Strategic management is an emerging issue in the field of management. It incorporates science into the management of the firm. It is essential in the contemporary dynamic environment of the organization. Failure to incorporate it in the management of the firm can adversely affect the firm. Globalization is rapidly affecting the environment in which businesses operate in. As such, due to the globalization, survival of the business organization is essential. This can effectively be achieved through strategic management. As such failure to incorporate strategic management in the organization will lead to a failure of the business.

Dynamism in the business ...