Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits?
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer. a. A local restaurant/bar offers discounted drinks during "happy hour," from 5 to 6 PM on weeknights. b. The price Company X charges for its ink cartridges is nearly as much as it charges for a printer. c. Packs of 5 T-shirts cost $10 while an individual T-shirt costs $4. d. Coupons for specials at a local grocery store can be downloaded from an online site. e. Computer and appliance manufacturers promote service contracts. f. Microsoft Office includes several programs in one package.
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Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer.
a. A local restaurant/bar offers discounted drinks during "happy hour," from 5 to 6 PM on weeknights.
b. The price Company X charges for its ink cartridges is nearly as much as it charges for a printer.
c. Packs of 5 T-shirts cost $10 while an individual T-shirt costs $4.
d. Coupons for specials at a local grocery store can be downloaded from an online site.
e. Computer and appliance manufacturers promote service contracts.
f. Microsoft Office includes several programs in one package.
