[SOLVED] Price-Adjustment Strategies
You work for a marketing agency advising a client considering whether to drop prices during an economic downturn. The client, a manufacturer of children’s outdoor swing sets, believes that reducing prices would lead to more sales. The client is aware that lower prices would yield less revenue per sale. However, the client is unaware of any other possible negative consequences of dropping prices.In an essay:Advise the client of some of those possible consequences. Include a description of the psychological issues at play in dropping a brand’s price.Identify and evaluate price-adjustment strategies beyond a straightforward reduction in retail price that the client should consider.500 Wordstitle page and reference page does not count toward word count!!
Haven’t found relevant content or pressed for time? –Don’t worry, you have a team of Business professionals to help you.