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A few days later the brand manager asks to speak with you again. He says, We have received market research indicating that our high
A few days later the brand manager asks to speak with you again. He says, We have received market research indicating that our high price point might signal to consumers that this is a luxury product. It was never our intention to position the product as such, but we are one of the highest priced products in this category. I would like you to evaluate how having our customers view our product as a luxury product might impact their decision to purchase."
You must evaluate how consumers may react to buying a product they might consider a luxury using motivational conflicts as the basis of the analysis.
What is your analysis of the pricing situation?
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