The sales manager like to have seasonal prices discounted from the regular sales price. He would like to change all his product prices at the same time whenever the season changes. What is the most efficient way to do this? Create a price list called 'regular sales price list' to list the regular sales prices. Whenever Manager wants to have a seasonal price list, he will use the 'regular sales price list' as the base price list and enter a discount factor. Create a price list for the regular sales price. Create a hierarchy called 'seasonal prices' which will be based on the regular sales price list and will give time-based discounts for the season based on a factor Manager enters. Create a price list which will contain the regular sales prices. Define period and volume discounts for the seasonal prices which will contain both the validity periods for the discounts and a factor to calculate the discounts for all items. Create a price list called 'regular sales price list' to list the regular sales prices. Create another price list called 'seasonal price list'. Use the 'regular sales price list' as the base and set a factor by which to discount all the items. Whenever Manager wants to change the prices on the seasonal price, he can change the factor without creating a new price list.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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The sales manager like to have seasonal prices
discounted from the regular sales price. He would
like to change all his product prices at the same
time whenever the season changes. What is the
most efficient way to do this?
Create a price list called 'regular sales price list' to list the regular sales prices.
Whenever Manager wants to have a seasonal price list, he will use the 'regular sales
price list' as the base price list and enter a discount factor.
Create a price list for the regular sales price. Create a hierarchy called 'seasonal
prices' which will be based on the regular sales price list and will give time-based
discounts for the season based on a factor Manager enters.
Create a price list which will contain the regular sales prices. Define period and
volume discounts for the seasonal prices which will contain both the validity periods
for the discounts and a factor to calculate the discounts for all items.
Create a price list called 'regular sales price list' to list the regular sales prices. Create
another price list called 'seasonal price list'. Use the 'regular sales price list' as the
base and set a factor by which to discount all the items. Whenever Manager wants to
change the prices on the seasonal price, he can change the factor without creating a
new price list.
Transcribed Image Text:The sales manager like to have seasonal prices discounted from the regular sales price. He would like to change all his product prices at the same time whenever the season changes. What is the most efficient way to do this? Create a price list called 'regular sales price list' to list the regular sales prices. Whenever Manager wants to have a seasonal price list, he will use the 'regular sales price list' as the base price list and enter a discount factor. Create a price list for the regular sales price. Create a hierarchy called 'seasonal prices' which will be based on the regular sales price list and will give time-based discounts for the season based on a factor Manager enters. Create a price list which will contain the regular sales prices. Define period and volume discounts for the seasonal prices which will contain both the validity periods for the discounts and a factor to calculate the discounts for all items. Create a price list called 'regular sales price list' to list the regular sales prices. Create another price list called 'seasonal price list'. Use the 'regular sales price list' as the base and set a factor by which to discount all the items. Whenever Manager wants to change the prices on the seasonal price, he can change the factor without creating a new price list.
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