Verified Document

Marketing Strategy Direct Marketing Pricing Activities Strategy/Project Essay

¶ … marketing strategy direct marketing pricing activities strategy/Project improved duration . Make grader identify sections revised, (e.g. Track Changes feature Word). OVERALL COSTS

The creation and delivery of the organizational service is linked to a wide array of costs, all of which are incurred in the organizational processes and operations. The more pertinent of them include the following:

Costs with the commodities, including the usage of the personal laptop and other desktop features

Costs with the software applications required to complete the documentation projects

Costs with utilities, such as electricity, internet, telephone bills and so on Costs with marketing and the promotion of the writing services

Other costs, such as administrative, the traveling to the offices and other such expenditures.

PRICE SETTING

The prices would be set with the use of two primary pricing strategies. On a first note, the penetration pricing strategy would be used and it would see that the services are delivered at a price which is lower than that implemented by the competition (McGrath, 2001). The aim of this strategy is that of attracting customers, but the practice is not sustainable on the long-term as it does not ensure financial results as required -- it might not even cover for the costs.

The penetration...

With this price setting technique, the services would be delivered at a price which reveals the value of the product. In other words, the price would be set based on the totality of the costs incurred in the delivery of the service. This price strategy is sensitive in the meaning that a modification of the costs would be reflected in a modification in the retail price of the service (Longenecker, Moore, Palich and Petty, 2005).
27. TEMPORARY PRICE PROMOTIONS

Temporary price promotions would be used on occasions and this is explained by the fact that the customers are price sensitive. In other words, the usage of promotional sales would benefit the firm by generating more demand and also by improving its image within the market. Promotional sales would however be restricted to specific time frames and to certain criteria, so that they do not jeopardize the financial stability of the entity.

28. PRICE DISCRIMINATIONS

Price discriminations would be implanted in the collaboration with different customers. Specifically, in the relationship with intermediary writing companies from where to gather work, the prices implemented would be lower. On the other hand, for the firms where the collaboration is direct and there exists no intermediary for the writing services, the prices to be…

Sources used in this document:
References:

Longenecker, J.G., Moore, C.W., Palich, L.E., Petty, J.W., 2005, Small business management: an entrepreneurial emphasis, 13th edition, Cengage Learning

McGrath, M.E., 2001, Product strategy for high technology companies: accelerating your business to web speed, 2nd edition, McGraw-Hill Professional

Parkin, M., Powell, M., Matthews, K., 2007, Economics, 7th edition, Pearson Education

Smith, T.J., 2011, Pricing strategy: setting price levels, managing price discounts and establishing price structures, Cengage Learning
Cite this Document:
Copy Bibliography Citation

Related Documents

Marketing Strategies Competing in Today's Economy, Demands
Words: 1142 Length: 4 Document Type: Essay

Marketing Strategies Competing in today's economy, demands that a business find ways to break out a commodity status to meet customer needs more than competing firms do. A sound marketing strategy requires effective planning; this helps a business to capitalize the opportunities present in the market and leverage their strengths. Service businesses and firms encounter a number of unique cost considerations that need to be addressed when formulating service pricing strategy.

Marketing Strategies the Marketing Plan
Words: 5577 Length: 18 Document Type: Marketing Plan

The difference in country's economic condition makes Coca Cola to fix difference prices for the same product across different countries. 3.2: Integrating Pricing strategy with branding strategy ATC will use a unique brand position to ensure that customer accept prices fixed for its product and services, and the company will use differentiation strategy to make customer accept the prices fixed for its product. By creating a strong brand position, ATC will

Marketing Strategy Doggie Day Care Launching a
Words: 647 Length: 2 Document Type: Essay

Marketing Strategy Doggie Day Care Launching a new doggy day care business in an upper-income area of the community requires a careful analysis of costs, pricing strategies, a clear strategy for pricing promotions and a well-defined series of profitability goals. The intent of this introduction is to evaluate the costs and pricing strategies of the proposed business. Overall Cost Analysis The most significant fixed costs for the doggie day care clinic include the following: Lease

Marketing Analysis How Nikeid Strengthens and Accentuates
Words: 1227 Length: 4 Document Type: Essay

Marketing Analysis How NikeID Strengthens and Accentuates the Global Nike Brand Nike is considered the leading provider of athletic wear, shoes and equipment globally, and is perennially also listed as one of the top fifty most valuable brands in the world. Its supply chain spans over 52 nations and over 80% of its products are produced in Asian nations where product uniformity and lack of variation is essential to achieve production efficiency

Marketing in Humanitarian Organizations
Words: 3784 Length: 10 Document Type: Essay

Marketing for Humanitarian Organizations Marketing and Humanitarian Marketing is often described as the activities which a company or organization undertakes in selling and buying products and services. It involves promoting their products and services through advertising, sales, and delivery to clientele. Marketing is often embedded in the marketing mix which states the four 'Ps' of marketing which are product, place, promotion, and price. Marketing involves concept such as customer relationship management, business

Marketing Plan for Miller Inc.
Words: 6075 Length: 20 Document Type: Term Paper

As a result of huge growth, the company's management may lose focus of the scope of their business. Miller Inc. has a highly centralized hierarchy of management and lacks the managerial backup to promote creativity amons the employees. Single-sourcing which is the characteristic of Miller Inc. could be a recipe of disaster should the supplier fail. Contingency plans for supplies need to be considered. The constrant production nature of the product leads to

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now