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Choose a company, brand, or product to use in distinguishing between each of the pricing strategies below. Please note that you can choose a different
Choose a company, brand, or product to use in distinguishing between each of the pricing strategies below. Please note that you can choose a different company/brand/product for each pricing strategy.The company, brand, or product can be from a U.S. firm, or a firm from any country that is easily researchable using Internet search engines.
- Second Degree Price Discrimination
- Identify the name of the company, brand, or product.
- Explain if the product is demand elastic or inelastic, and why.
- What data supports that this company, brand, or product has used this pricing strategy?
- Do you believe this example of pricing is a best practice? That it is ethical? Explain why or why not.
- Do you believe that the pricing strategy used by this firm increases or decreases the profits of the firm? Explain why or why not.
- Third Degree Price Discrimination
- Identify the name of the company, brand, or product.
- Explain if the product is demand elastic or inelastic, and why.
- What data supports that this company, brand, or product has used this pricing strategy?
- Do you believe this example of pricing is a best practice? That it is ethical? Explain why or why not.
- Do you believe that the pricing strategy used by this firm increases or decreases the profits of the firm? Explain why or why not.
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