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Crafting brand positioning
Importance of price discrimination
Importance of price discrimination
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Recommended: Crafting brand positioning
Situation/SWOT Analysis
Customers
The customer base is specific to the performance of features, when it comes to technology the needs of the customer must not only be reached but exceeded. O’Shay can be exposed to a threat if the organization does not accurately access the customer need, this would create an inconsistency in the targeted customer base. The opportunity to utilize the hierarchy will allow for the organization to properly record and the components and services that are delivered through the customer benefit assessment. The hierarchy also allows for the development of a product that is designed specifically with the consumer needs. O’Shay is in the technology industry, which currently reaches billions of dollars every
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has identified two market segments to focus on, Travel and Workhorse. One key ingredient to help drive business is to have a brand champion for these markets. While we currently have at least one at each location, more will be hired and trained to take care of these key markets. Both of the markets identified, want easy to access service location with well-trained employees. If a customer comes in and has a question about the product we will have more than enough staff there ready and able to assist them. This will also help us to stay competitive with the competition. Integrity Technology has hired extra staff to make sure the people selling their products as knowledgeable and also every customer that comes in is taken care …show more content…
“Price discrimination is the practice of setting a different price for the same product in different segments to the market.” (Pricing Strategies, 2017) In new markets we have entered, that the competition has not entered, we will extensive rebates so we can make a name for ourselves in the new markets. This way, when the competition decides to enter we will already be there with a strong brand name. In established markets we will adjust pricing to closer match the competition. The performance of the computers and the additional sales and service staff will keep them coming back for
Their purchase habits can also help to give the company a better understanding of the
Besides marketing its customer service, the company markets different programs according to its three major types of customers. Some of them being,
The SWOT analysis (abbreviation for Strengths, Weaknesses, Opportunities and Threats) is an essential tool in marketing for understanding and supporting decision-making in all kinds of situations in business and organisations. In brief, it provides an accurate context for studying strategies, positions and directions of a company proposition. It is used mainly for business planning, competitor evaluation, marketing, business and product development and research reports. SWOT analysis is also a widely recognised method for gathering, structuring, presenting and reviewing extensive planning data within a larger business or project planning process. (Chapman, 2014)
With focus on consumers for the next generation, the company has established itself as a legitimate world brand with unique expertise in product design, performance and production.
The pricing strategy will start out rather high for this product upon its release in order to draw a more selective crowd such as the upper class members of the urban society. Once the product has succeeded within this market there will be a development of additional variations of the product which will allow for certain models, with less features, to be sold at a lower price point in order to attract the members of society who are less willing to pay the high asking price for the top of the line version of the
Personal and expedient customer service at competitive price is key to maintaining the local market share of this target market.
Historically the personal computer (PC) industry has sold its products at reasonably high prices yet garnered only small profit margins. One reason for this is the high competition in the PC industry which led to competitive pricing among producers. Analyzing the competitive environment of the PC industry, it is evident that there is very little barrier to entry in this market. PC's have very low physical uniqueness and are made of standard components that require very little expertise to assemble.
Our first step was to thoughtfully assess this main problem, and to simplify our strategy by dividing into three areas of focus: marketing, customer service/retention, and maintaining a local competitive edge. Marketing to gain new customers involves a recommendation for advertising channels outdoors, as research supports traditional location-based marketing. Customer loyalty will require Nail 21 to provide customer service that is unrivaled by our competition and to educate our clients on how to maximize Nail 21’s product value. Lastly, Nail 21’s prices must be high enough to satisfy the shareholders, yet competitive enough to do well against the 5 nail salons within 3 miles.
As the competitions between companies are high, Price is an element which can quickly attack competitors. Price can also be used by a company to stay away from the competition if used strategically; pricing strategy is always related to competition with other brands or companies (Cravens & Piercy, 2006 p 320).
It needs proper marketing based actives to carry out its operations, in retail stores to approach and attract more customers in a certain area. Otherwise, customer service is a very important aspect that Mike’s entity should focus on as they have received an increased amount of complaints regarding delay in
Determining the company’s needs is the first step when deciding on a long-term objective. Secondly, the company needs to assemble the critical internal and external information. The internal information is free; however; the company will needs to budget for the external information. The company then needs to create a SWOT analysis. A SWOT analysis gives the company strengths, weaknesses, opportunities, and threats that affect the company. A SWOT analysis is a critical, simple representation that provides direction and serves as a foundation for the expansion of a marketing plan.
We are one of the best staffing agencies in USA providing services on innovation, strategy and business transformation to our clienteles. We link with the client's own passion and desire to start a value-driven journey. Our Mission is to nurture the small to medium enterprises (SMEs) & the entrepreneurs in United States by delivering the right talent, knowledge & all-round hands on support in Building Brands, Businesses & Shareholder
Price discrimination is part of the legal business strategy. It is occurring when companies charge different prices of the same goods and services to each customer or each type of customers to maximise profit based on the consumer 's price sensitivity and willingness to pay. It is not based on the cost of production, and it exists because different users place different values or prices on the same products. Therefore, companies can classify their customers based on the common traits and group them together to charge different prices. Firms are maximizing the producer surplus and changing the consumer surplus into supernormal profit. Consumer surplus is the difference between the maximum prices that the buyers willing to pay and the price they actually pay. Producer surplus is the difference between the minimum
We discuss the SWOT analysis in which we talk about the strengths, weaknesses, opportunities, and threats the organization is facing since its product was launched. We move further to talk about a variety of marketing strategies employed at different stages of the product life cycle, that is promoting the product and making consumers aware of Olper’s, using the 4 P’s to the best of their abilities.
Describe the market in terms of segmentation,targeting and/or positioning theories.Is this current/potential market the best market for the firm?