Which of the following is true about price skimming strategy? Group of answer choices appropriate for products that are highly price elastic appropriate for products that are mass produced (produced in large quantities) appropriate for products at the decline phase of the product life cycle it is best suited for newly introduced products that are unique

Q: Discuss , What strategies can a brand employ to maintain consistency across different touchpoints…

A: Branding is the process of creating a unique and identifiable image, name, symbol, design, or…

Q: Complete a SWOT analysis the on ABC Corporation. Strategic Analysis Data: This includes information…

A: The international company ABC Corporation operates in a number of sectors, including technology,…

Q: What does the retail chain Target's corporate social respsonability look like? How does this play…

A: The concept of corporate social responsibility (CSR) holds that businesses have an obligation to…

Q: Case Study Read the case study and answer the questions given below. Marketing at XYZ Dairy…

A: In this answer, we will analyze the marketing strategies of a Sri Lankan dairy company specializing…

Q: How have large retailers such as Walmart changed the dynamics of partnering with resellers?

A: Large retailers like Walmart have significantly impacted the dynamics of partnering with resellers…

Q: Examining and contrasting the several benefits offered by cloud computing It is crucial to have an…

A: Cloud computing has become increasingly popular in recent years, offering firms a cost-effective and…

Q: Research an elementary school, called Lake Young's in Kent, Washington. Visit websites such as…

A: Lake Young Elementary School is a diverse and inclusive school that serves students from a range of…

Q: Identify the actions that should be taken by an organization to develop an effective marketing…

A: The term market intelligence can be simply defined as data or information which an organization…

Q: look at how Apple is pouring money into research and development (R&D) in an attempt to improve…

A: Apple's investment in research and development (R&D) is a common strategy used by technology…

Q: Briefly explain what is ‘Strategic information systems’ and ‘Functional business systems?

A: Strategic Information Systems (SIS) and Functional Business Systems are two types of information…

Q: Explain why the Internet is the driving force behind developments in telecommunications, networks,…

A: The Internet has become an integral part of our daily lives, providing us with access to…

Q: Mega Super is a leading supermarket chain located in Kandy and it has recorded a substantial growth…

A: Mega Super, a leading supermarket chain in Kandy, has witnessed significant growth over the past…

Q: There are many perks to being able to reach out to people in different ways through social media.

A: The internet has entirely changed how humans engage and communicate with one another, providing a…

Q: A) Explain what is external locus of control B) Give an example of behaviour with a high external…

A: External locus of control refers to a belief or perception that one's life is primarily influenced…

Q: Salespromotion strategies should be evaluated for their effectiveness and return on investment…

A: Sales promotion refers to the various marketing activities and techniques aimed at stimulating the…

Q: TV. Each of these is 30 minutes long, and features various experts and celebrities in which they…

A: The given scenario is about "Juan in a Million" Exercise Systems, which is advertising exercise…

Q: How can we make sure that shopping on the sites of foreign companies is easy for people from all…

A: With the increasing globalization of businesses, shopping on the sites of foreign companies has…

Q: AZIZ (AZ) IS AN INDONESIAN AUTOMOTIVE MANUFACTURER LAUNCHED IN DECEMBER 2017. THE LAUNCH OF AZ WAS…

A: AZ is an Indonesian automotive manufacturer that entered the market in December 2017 and has…

Q: Explain the concept of antitrust law and its purpose in promoting fair competition in the…

A: Various nations have introduced various laws that regulate how the business will operate, and their…

Q: Empowerment and teamwork of frontline service workers are cited as a key to success in service…

A: When frontline service personnel are empowered in tandem with a supportive organizational culture…

Q: Analyse how people think about mending the issues they've encountered with mobile applications and…

A: In today's digital age, mobile applications and computers have become an essential part…

Q: What are Mercy's enterprise data model benefits? As a consequence of Mercy's venture into big data,…

A: Mercy's enterprise data model has several benefits that can help the organization achieve its…

Q: Examinethe role of Board of directors in an organization.           Evaluate the causes of…

A: Management relates to planning, organizing, and directing the activities of the employees to…

Q: Still to be seen is whether or not the Internet can handle two different kinds of apps. What makes…

A: Services can be suggested as anything intangible in their form. Intangibility enumerates to the…

Q: In selecting the best information source, consumers: a. consider the ease of obtaining information…

A: In selecting the best information source, consumers typically consider a variety of factors,…

Q: It is generally agreed upon that the practises of IT Service Management are of the utmost importance…

A: IT Service Management (ITSM) is a framework that provides a structured approach to managing and…

Q: Describe, What benefits can marketers have in developing marketing strategies by understanding the…

A: Consumer defense mechanisms are coping techniques used by people to shield themselves from…

Q: 1. With appropriate examples, discuss the difference between a brand and a product. 2. What is a…

A: In accordance with our Q&A policies, since you posted a question with many subparts, we will…

Q: the impact of various EXTERNAL/MACRO Factors (PESTEL)

A: PESTEL analysis is a framework for evaluating how different external macro variables will affect a…

Q: 1. How does family life cycle influence consumer behavior? 2. What are the role of social influences…

A: The family life cycle and social influences are two important factors that impact consumer behavior.…

Q: Given how much information is collected about users, why should they worry about their privacy when…

A: As the use of social media is trending, so is the danger of data breaches. As an increasing amount…

Q: For the company APE Eagers Automotive Limited Do a paragraph for competitive positioning This…

A: The term "competitive positioning" refers to the way in which a business places itself in the market…

Q: commercialization of culture with relevant references

A: When people talk about a group's or society's shared beliefs, practices, habits, values, and…

Q: Discuss how would a person preparation changed if they were negotiating with someone across…

A: For success in today's globalized marketplace, marketing professionals must navigate cross-cultural…

Q: Please provide a short description of the most advanced technology. Recognise and explain the part…

A: I would say that one of the most advanced technologies currently available is artificial…

Q: 2. In High Effort Judgment Processes please explain the following concepts with examples possibly A)…

A: In consumer behavior, the high-effort judgment process refers to the cognitive process that…

Q: 6 7 Correctly identifying the cost driver and separating fixed from variable costs are important…

A: Since you have posted multiple sub part questions, we will solve the first 3 questions for you as…

Q: What is the role of identity and permission management in contemporary society?

A: Identity and permission management plays a crucial role in contemporary society as our digital lives…

Q: How would you think about the impact of "Amazon Go " to Marketing ? "Amazon Go a prototype grocery…

A: Amazon Go is a revolutionary grocery store concept developed by Amazon.com that is rapidly changing…

Q: Analyse the analytical framework of the micro and micro environment in hotel industry

A: Please find the answer below.   ANALYTICAL FRAMEWORK: A set of codes divided into categories that…

Q: Construct a code of conduct for student use. Include smartphone, vacation, and social media use…

A: Code of Conduct for Student Use At our school, we believe that students should conduct themselves…

Q: To obtain the most value out of their investments in information technology, businesses should…

A: Information technology (IT) plays a critical role in today's business environment, and many…

Q: Q.1 In line with Boineelo’s business, identify  two ways that could result in a customer of Boineelo…

A: The ladder of loyalty is a framework that describes the different stages a customer goes through in…

Q: Explain with examples the processes for developing an effective e-mail marketing campaign for your…

A: E-mail marketing campaigns have become an essential part of any successful marketing strategy for…

Q: Discuss two real world examples of social media marketing in a retail sales environment and direct…

A: Please find the answer below.   MARKETING ENVIRONMENT: A marketing environment is made up of all the…

Q: Case study a. Explain the various insurance markets in the African region based on Gross written…

A: Insurance markets in the African region can be classified into two categories: non-life insurance…

Q: Discuss one digital problem in the Philippines brought on by shoddy online behaviour and provide…

A: Due to uncertain online behavior and a lack of understanding, cyber-bullying has grown in the…

Q: executive report on the assessment of standardisation versus adaptation issues for MC Donald

A: The fast-food industry is highly competitive, and global brands like McDonald's operate in a dynamic…

Q: Assume that you have been appointed as the head of a business unit in a major corporation. Over time…

A: Service marketing deals with the strategies and activities employed to understand the needs of the…

Q: hat is mass customization and what advantages does a producer benefit from if they can realize it?

A: Mass customization is a business strategy that allows producers to provide customized products or…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”