Discussion: Free Offers & Pricing
Trident Symposium International’s (TSI) focus for this week is pricing strategy: a component of the marketing mix. Consider the Target Market, Competition, Core Strategy, and Communications & Promotions when making a decision on how pricing will be determined.
WEEK 1 DISCUSSION POST
- Provide a brief introduction of the company with which you are working.
- *Discuss what pricing objectives you would consider for your product/service.
- Identify the pricing objective and strategy you will ultimately choose and explain why.
This post should be 3 paragraphs in length (300 words). Since you are engaging in research, be sure to cite and reference the source(s) in APA format.
1st Interactive Response:
Select one student’s pricing decision post. Is it supported by solid rationale? Would you make a different decision?
2nd Interactive Response:
Select another student’s pricing decision post. Is it supported by solid rationale? Would you make a different decision?
Each reply should be one paragraph in length (or about 75 words) and must be substantive in nature. Do not simply say “I agree” or “That is great.” Specify why and be detailed in your explanation. You may use research in your responses, but it is not required.
Perceived Value
Not all benefits or costs can be quantified in dollars. A product’s aesthetic appeal, extra technical support, and reputation are harder to quantify in economic terms, yet they can have a profound impact on customer perceptions of value.
WEEK 2 DISCUSSION POST
Provide a brief introduction of the company with which you are working.
- Discuss ways you can improve perceived customer value.
- Analyze how psychological motives help shape emotional benefits and customer perceptions of value.
- Analyze how the personality of an endorser shapes the emotional benefits of the product.
This post should be 200-300 words in length. Since you are engaging in research, be sure to cite in the body of the post and add a reference list in APA format.
WEEK 2 INTERACTIVE RESPONSES TO CLASSMATES
1st Interactive Response:
Select one student’s post on perceived customer value and provide a real-world researched example to back-up one scenario presented in the discussion.
2nd Interactive Response:
Select another student’s post on endorser effects and share an ad campaign that works for you. Explore the reasons for the positive connection.
Each reply should be one paragraph in length (or about 75 words) and must be substantive in nature. Do not simply say “I agree” or “That is great.” Specify why and be detailed in your explanation. You may use research in your responses, but it is not required.
In your own words, respond to the discussion and comments of classmates. Grades will be based on effectual, concise, and interactive feedback. The excessive use of quotes will directly impact performance since this indicates a lack of comprehension and shows that you may not have mastered the concepts.