For Further Research (Groups) Select one of the product categories below. Identify two different firms that offer
Question:
For Further Research (Groups) Select one of the product categories below. Identify two different firms that offer consumers a line of product offerings in the category. For example, Dell, HP, and Apple each market a line of laptop computers, while Hoover, Dyson, and Bissell offer lines of vacuum cleaners.
Using the Internet or by visiting a retailer who sells your selected product, research the product lines and pricing of the two firms. Based on your research, develop a presentation on the price lining strategies of the two firms. Your presentation should discuss
(1) the specific price points of the product offerings of each firm and how the price lining strategy maximizes revenue, (2) your ideas for why the specific price points were selected, (3) how the price lining strategies of the two firms are alike and how they are different, and (4) possible reasons for differences in the strategies.
a. Laptop computers
b. Vacuum cleaners
c. LED TVs
d. Smart phones
Step by Step Answer:
Marketing Real People Real Choices
ISBN: 9781292097756
8th Global Edition
Authors: Michael R. Solomon, Greg W. Marshall, Elnora W. Stuart