Practical Management Science
5th Edition
ISBN: 9781305250901
Author: Wayne L. Winston, S. Christian Albright
Publisher: Cengage Learning
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Question
Chapter 8.4, Problem 3P
Summary Introduction
To determine: The best pricing policy.
Introduction: The variation between the present value of the
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Holiday Inn is a travel agent and they are
offering OMR 450 for complete tour cost to
Malaysia. This includes; flight ticket, hotel,
and taxi services. What kind of pricing is
this?
O a. Penetrating pricing
b. Product bundle pricing
O c. Discount pricing
O d. All of the above
is pricing policy an appropriate mechanism to control inventory levels? If so how should price be determined?
In the basic price list functionality, this term can be used to described discount structures and detailed pricing that enables you to give surcharge or discount for the business partner
Basic Prices
Detailed Pricing
Special Prices
Price Lists
Chapter 8 Solutions
Practical Management Science
Ch. 8.3 - Prob. 1PCh. 8.3 - Prob. 2PCh. 8.4 - Prob. 3PCh. 8.4 - Prob. 4PCh. 8.4 - Prob. 5PCh. 8.5 - Prob. 6PCh. 8.5 - Prob. 7PCh. 8.5 - In the lawn mower production problem in Example...Ch. 8.6 - Prob. 9PCh. 8.6 - Prob. 10P
Ch. 8.6 - Prob. 11PCh. 8.6 - Prob. 12PCh. 8.7 - Prob. 13PCh. 8.7 - Prob. 14PCh. 8.8 - Prob. 15PCh. 8.9 - Prob. 17PCh. 8.9 - Prob. 18PCh. 8.10 - Prob. 20PCh. 8.10 - Prob. 21PCh. 8.10 - Prob. 22PCh. 8.10 - Prob. 23PCh. 8.10 - Prob. 24PCh. 8 - Prob. 25PCh. 8 - Prob. 26PCh. 8 - Prob. 27PCh. 8 - Prob. 28PCh. 8 - Prob. 29PCh. 8 - Prob. 30PCh. 8 - Prob. 31PCh. 8 - Prob. 32PCh. 8 - Prob. 33PCh. 8 - Prob. 34PCh. 8 - Prob. 35PCh. 8 - Prob. 36PCh. 8 - Prob. 37PCh. 8 - Prob. 38PCh. 8 - Prob. 39PCh. 8 - Prob. 40PCh. 8 - Prob. 41PCh. 8 - Prob. 42PCh. 8 - Prob. 43PCh. 8 - Prob. 44PCh. 8 - Prob. 46PCh. 8 - Prob. 1CCh. 8 - Prob. 2C
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- A pricing strategy is Group of answer choices a long-term approach to setting prices in a companywide integrated effort using one-time seasonal discounts to reduce inventory. using slotting allowances to gain access to distribution channels a short-term approach to setting pricesarrow_forwardHongxing has developed a popular self-hypnosis course. She sells the course two ways: through a well advertised company website for a price of $150 and at an e- Bay storefront for $100. Her cost of producing and selling the courses depends only on the total number of courses she sells. Using one or more diagrams, explain Hongxing's pricing strategy. Be sure to cover (a) how Hongxing will decide the price and quantity to sell through each store, (b) what conditions must be met for Hongxing's pricing strategy to work, and (c) whether it is reasonable to assume these conditions are met in this example.arrow_forwardExplain Price and Pricing with example and mention four P’s and revenue gathering P?arrow_forward
- jasmin has a well established coffee shop in her local area that has a strong reputation. due to her strong reputation jasmin has developed an ice cold coffe drink in a can. she has just secured a deal to supply local grocery stores and garden centres with her new product. what is this pricing strategy?arrow_forwardA business wants to capture market share in a short period of time priced its services at a discount. What strategy this business is adopting? variable pricing skimming price price lining penetration pricingarrow_forwardThe Dunkin' Donuts (DD) mobile app lets you Order-on-the-Go. You simply select the beverages and food items you want to purchase and place your order when you are ready to pick it up. Payment is automatically deducted from your registered DD card. Dunkin' Donuts implemented this service in hopes of increasing the frequency of visits per customer by leveraging which pricing consideration: Separation in method of payment Ease /difficulty in product comparison Separation between buyer and payor Price/quality inferencearrow_forward
- Explain the term Uniform-delivered pricing?arrow_forwardExplore the concept of dynamic pricing within the framework of the Wilson approach. How can organizations adjust their pricing strategies based on inventory levels and demand patterns?arrow_forwardChe and yuni meet every morning to talk about the news, weather, and sports. They meet at the same coffee shop because they receive a senior citizen discount that saves them some money. Which pricing objective does this best represent?arrow_forward
- Compare JCPenney’s former traditional approach to pricing versus the “Fair and Square” pricing strategy. Discuss the advantages and disadvantages of each.arrow_forwardIllustrate a simple price strategy for a retail sports company for one of its products using at least 2 common pricing objectives and pricing strategies. Give reasons for your suggestions and why you think this is the best recommendation for a retail organisation.arrow_forwardInterpret the types of product mix pricing strategies. Support each strategy with a relevant example.arrow_forward
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