Marketing Question: Marketing Pricing strategies ofLUPrinceProductline. Q1. choose its new product pricing forMini Fingers Tips to solve
Question:
Marketing Question:
Marketing Pricing strategies ofLU"Prince"Productline.
Q1. choose its new product pricing for"Mini Fingers"
Tips to solve Q1: LU Prince Mini fingers are a new innovative Biscuit in Pakistan. You have to tell which product pricing strategy ( Market Skimming Pricing or Market Penetration) is better for this product. Only Choose one strategy and Explain why did you choose it and Justify why it better than the other one.
Q2. 2. WhatProductmix strategies for its various product mix decision such as Prince Mini Fingers, choco gemmies,chocolateSandwich, covered in chocolate.
Tips to Solve Q2: Please Select one strategy for each mentioned products and explain why did you choose them and how are they effective. Choose strategies from these
- Product line pricing
- Optional product pricing
- Captive product pricing
- By-product pricing
- Product bundle pricing
Q3. what price adjustmentstrategieswould you recommend for its all product line of "Prince".
Tips: Please choose the best strategy which you think is best for this Product line. Explain why did you choose the strategy justify. Choose from the following strategies:
Discount and allowance pricing
Segmented pricing
Psychological pricing
Promotional pricing
Geographical pricing
Dynamic pricing
International pricing
Expert Answer:
