Inject printers are among the most notorious example of captive product prices.Because of the high price of ink cartridges, unauthorized industry explain around the refilling of these. Should printer firms also venture into the refilling bussiness Then? Why or why not?
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- Critical Thinking Some retailers have used decoy pric- ing to increase the number of sales of a higher priced alternative. Describe decoy pricing. What are some products that would be good choices for decoy pric- ing? Is this practice ethical? Why or why not?Is subscription pricing likely to be as popular withcust- omers as it is becoming with many product suppliers?Why or why not?who is the competitor of vaseline? Give price differentiation between vaseline body lotion and other brand body lotion
- Please assist Based on a retail store that sells clothing for the age between 8 and 40 years . Identify your predominant price strategy, apart from odd pricing, that youintend to use. Justify your choice. Explain how you intend to limit the number of mark-down.Trade discounts for televisions that have list price of $250.00 are 15%, 10% and 8%. Find the billed cost for the television.Ethics and PricingPeople feel better when they think they are getting a great bargain when they shop.Knowing this, some retailer’s markup items above the traditional retail price and thenoffer a 60 percent discount. If they had simply discounted the normal retail price by 20percent, the resulting “sale price†would have been the same. One retailer says that heis just making shoppers happy that they got a great deal when he inflates the retailprice before discounting. Significantly marking up prices in order to offer “deep discounts†is not an unethicalpricing practice per se, but it may be considered misleading advertising. The retailer isnot really reducing its profits as a result of offering the sale price, even though a 60percent discount implies a financial sacrifice on the part of the retailer for the benefit ofthe customer. The situation described above could, perhaps, be considered a sales…
- Why is price lining used by some retailers?Explain what a wholesaler does. How does this benefit the retailer? How does this benefit the manufacture?company sends people to shop at similar retailers to make sure it is charging comparable prices. What pricing strategy does company employ? A. Market Penetration B. Price Skimming C. Going Rate D. Loss Leader
- Being at the premium end is category upon itself. Describe the indicator of premiumness or high quality and high price that can apply to most types of productsWhat is dynamic pricing? Why is it especially prevalentonline? Is it legal?Given that there is a serious disadvantage to cost-based pricing, how would you account for its widespread use in retailing and other businesses?
