In past week, what did you see the pricing in your life? Write up Pricing journal by giving a daily life example of the term of " Versioning", Versioning tradeoff", "Price bundling" and "Prospect Theory"
Write up 1-2 pages
In past week, what did you see the pricing in your life? Write up Pricing journal by giving a daily life example of the term of " Versioning", Versioning tradeoff", "Price bundling" and "Prospect Theory"
Write up 1-2 pages
Related textbook solutions
Related questions
1. Low-end products are usually catered to the bottom of the _____________ market.
| a. | Polygon | |
| b. | Population | |
| c. | Prosperity-model | |
| d. | Pyramid |
2. Which of the following is an example of a product/service where the Midas version is technically and feature-wise not that different from its corresponding Hermes or Atlas versions?
| a. | Recordable CD and DVD disks | |
| b. | Music systems | |
| c. | Automobiles | |
| d. | Laptops |
3. The key strategy for competing in markets characterized by monopolistic competition is to initially offer products that are identical to the majority of existing products.
True
False
4. Which of the following is a popular discrimination strategy used by companies?
| a. | Designing a cool logo | |
| b. | Using various bundling packages as a versioning tool | |
| c. | Having a store credit card | |
| d. | Outsourcing |
5. Versioning means offering different versions of a product at the same price.
True
False
6. A pull production system is one that is driven by actual orders from customers, while a push system is where orders are forecasted.
True
False
