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major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low

major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low

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Q: Major strategies used for pricing imitative and new products?
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What are some of the pricing strategies used by major companies?

Prices are set by companies always according to the markets. The main strategies used are: Price Skimming: used to introduce a new product in higher price in order to cover production and advertising costs, reinvest and sell the product in a lower price. Penetration Pricing: used to attract customers by introducing very low prices by companies that are just entering the market.Return on Investment Pricing: used to predict profit by potential sales. Geographical pricing: pricing is set according to the level of living in a specific place.


What are appropriate pricing strategies for tires?

This question refers to the sales pricing and tiering of the automotive wheel and tire industries. The common pricing strategy employed regards aggregating tire lines by level (economy, middle, and premium/oem) and creating their profit margins based on them. Middle level house brands, which are major tire companies producing custom named tires for major retailers may have the highest profit margins and are thus pushed and heavily marketed as their price point strategy. OEM and premium tires may have the smallest or largest price point depending on the merchant. The budget and economy tires may have the lowest quality, but they are also sold at minimum price points.


What are the major marketing strategies of a clearing and forwarding or a shipping company over it competitors?

telesales!


What are the major factors affecting the pricing strategy of firms?

Product pricing may depend heavily on the productivity of a manufacturing facility (e.g., how much can be produced within a certain period of time). The marketer knows that increasing productivity can reduce the cost of producing each product and thus allow the marketer to potentially lower the product's price. However, increasing productivity might require large changes at the manufacturing facility that will take time and money and will not translate into lower price products for a considerable period of time.


Intersegment transfer pricing policy?

Transfer pricing refers to the pricing of contributions (assets, tangible and intangible, services, and funds) transferred within an organization. For example, goods from the production division may be sold to the marketing division, or goods from a parent company may be sold to a foreign subsidiary. Since the prices are set within an organisation (i.e., controlled), the typical market mechanisms that establish prices for such transactions between third parties may not apply. The choice of the transfer price will affect the allocation of the total profit among the parts of the company. This is a major concern for fiscal authorities who worry that multi-national entities may set transfer prices on cross-border transactions to reduce taxable profits in their jurisdiction. This has led to the rise of transfer pricing regulations and enforcement, making transfer pricing a major tax compliance issue for multi-national companies.

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What are some of the pricing strategies used by major companies?

Prices are set by companies always according to the markets. The main strategies used are: Price Skimming: used to introduce a new product in higher price in order to cover production and advertising costs, reinvest and sell the product in a lower price. Penetration Pricing: used to attract customers by introducing very low prices by companies that are just entering the market.Return on Investment Pricing: used to predict profit by potential sales. Geographical pricing: pricing is set according to the level of living in a specific place.


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