PRICING PRODUCTS: PRICING STRATEGIES b New-product pricing strategies b Price-adjustment strategies b Price changes.

Slides:



Advertisements
Similar presentations
Chapter 7 Pricing Strategies
Advertisements

Pricing Strategies Chapter Definitions Market-Skimming Pricing Setting a high price for a new product to skim maximum revenues layer by layer.
Pricing Products: Pricing Strategies
Chapter Eleven Pricing Strategies.
Pricing: Understanding and Capturing Customer Value
Describing a Customer-Driven Strategy and Mix
Price Pricing Chapter 16.
Chapter Ten Pricing Considerations and Strategies
Principles of Marketing
Chapter Pricing Products: Pricing Considerations and Approaches
Copyright © 2007 Pearson Education Canada10-1 Chapter Ten Pricing Considerations and Strategies with Duane Weaver.
Pricing Products: Pricing Considerations and Approaches
Objectives Learn the major strategies for pricing imitative and new products. Understand how companies find a set of prices that maximizes the profits.
Chapter 1 Pricing Considerations and Strategies
Week Pricing Considerations and Strategies.
Kotler / Armstrong, Chapter 11 Companies have two choices when setting prices for a product during the introductory stage. These choices are _____ and.
Principles of Marketing
Introduction to Pricing Decisions
10-1 Pricing Products: Pricing Considerations and Strategies.
Learning Goals Describe the major strategies for pricing imitative and new products Understand how companies find a set of prices that maximize the profits.
Chapter 11 Pricing Strategies.
Chapter 7 Pricing Strategies You don ’ t sell through price. You sell the price.
Part Five: Pricing Strategy
Chapter 11 Pricing Strategies.
Introduction The price that a company charges is somewhere between one that is too low to produce a profit and another that is too high to produce any.
Chapter Eleven Pricing Strategies Copyright ©2014 by Pearson Education, Inc. All rights reserved.
11- 1 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall i t ’s good and good for you Chapter Eleven Pricing Strategies.
Pricing Products: Pricing Considerations and Approaches
Pricing Products: Pricing Considerations and Strategies
Pricing Understanding and Capturing Customer Value
Pricing Decisions.
Chapter 11 Pricing Strategies.
A presentation by EhN for Pricing strategies i t ’s good and good for you Chapter Ten & Eleven Pricing Strategies.
Pricing: Understanding and Capturing Customer Value
Pricing: Understanding and Capturing Customer Value
Copyright © Cengage Learning. All rights reserved Types of Pricing Strategies 13 | 1.
Principles of Marketing Lecture-27. Summary of Lecture-26.
Prepared by Anna Riana Putriya | | P RICING S TRATEGY Week 6.
Pricing Considerations and Strategies What is a Price? Narrowly, price is the amount of money charged for a product or service. Narrowly, price.
Chapter 1 Pricing Considerations and Strategies
Pricing Considerations and Strategies ROAD MAP: Previewing the Concepts Identify and explain the external and internal factors affecting a firm's.
Module 18 Identifying Target markets. What Factors Affect Pricing Decisions? External Factors Nature of the market –Pure competition –Monopolistic competition.
Objectives Learn the major strategies for pricing imitative and new products. Understand how companies find a set of prices that maximizes the profits.
Definitions Market-Skimming Pricing Market-Penetration Pricing
Chapter 11- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Class Eight Chapter Eleven Pricing Strategies.
Chapter 11- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Entrepreneurship & Pricing Strategies.
Chapter Eleven Pricing Strategies. New-Product Pricing Strategies Product Mix Pricing Strategies Price Adjustment Strategies Price Changes Public Policy.
Principles of Marketing Lecture-26. Summary of Lecture-25.
Marketing: An Introduction Pricing Products: Pricing Considerations and Strategies Chapter Ten Lecture Slides –Express Version Course Professor Date.
PRICING Company earns revenues by charging a price from buyers. Price: Value that the company expects to get from customers in return of the product or.
Chapter 9 11/3/2015 7:15 AM1. Objectives  Understanding the factors that affect the pricing strategies  Learn the major strategies and approaches for.
Copyright 2006 – Biz/ed Pricing Strategies.
Designing Pricing Strategies and Programs
1 18 & 19. Pricing Considerations & Approaches. 2 Topics Pricing constraints Pricing objectives General pricing approaches Price adjustment strategies.
Pricing: Understanding and Capturing Customer Value.
Chapter Eleven Pricing Strategies.
Principles of MarketingTheocharis Katranis, MBASpring Semester 2013 Principles of Marketing Theocharis Katranis Lecture 6 Spring Semester
Principles of Marketing
Professor Chip Besio Cox School of Business Southern Methodist University.
Chapter Nine Pricing: Understanding and Capturing Customer Value.
Pricing: Understanding and Capturing Customer Value.
Pricing Strategies Copyright ©2014 by Pearson Education, Inc. All rights reserved.
MGT301 Principles of Marketing Lecture-27. Summary of Lecture-26.
Marketing Management Pricing within the firm Paul Dishman, Ph.D. Department of Business Management Marriott School of Management Brigham Young University.
Chapter 11- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Eleven Pricing Strategies.
Chapter 11- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Eleven Pricing Strategies.
11- 1 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall i t ’s good and good for you Chapter Eleven Pricing Strategies.
MGT301 Principles of Marketing
Pricing Products: Pricing strategies
Presentation transcript:

PRICING PRODUCTS: PRICING STRATEGIES b New-product pricing strategies b Price-adjustment strategies b Price changes

New-Product Pricing Strategies b Pricing an imitative new product - premium pricing strategy, economy pricing strategy, good-value pricing strategy, overcharging pricing strategy b Pricing an innovative product - market- skimming pricing, market-penetration pricing (product line, optional-product, captive-product, by-product, product- bundle)

Price-Adjustment Strategies b Discount pricing and allowances - cash discounts, quantity discounts, functional discounts, seasonal discounts, allowances b Segmented pricing - customer-segment, product- form, location, time b Psychological pricing b Promotional pricing b Value pricing b Geographical pricing - FOB-origin, uniform delivered, zone, basing-point, freight-absorption, international

Price Changes b Initiating price changes è initiating price cuts, initiating price increases, buyer reactions to price changes, competitor reactions to price changes b Responding to price changes