For the following scenarios suggest a pricing strategies that you will be assessed on for...
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For the following scenarios suggest a pricing strategies that you will be assessed on for your course and justify why that strategy is most suitable for that business. Scenario 1 Corey has just launched an online business selling customised hoodies. The hoodies are high quality and made uniquely for each individual customer. He sells them solely online through his Shopify store. Scenario 2 Jason has a well-established coffee shop in his local area that has a strong reputation. Due to his strong reputation Jason has developed an ice cold coffee drink in a can. He has just secured a deal to supply local grocery stores and garden centres with his new product. Scenario 3 Ellie writes eBooks for people in business and has a very reputable name but is branching out to follow her passion of writing eBooks for children. This is a highly competitive market where her name as an author is not known. Scenario 4 Thamid is a reputable independent financial advisor that specialises in investment advice to wealthy individuals with a net worth of over $1 million. Scenario 5 Marisol is a well-established roofer within her local area. However she is wanting to expand and gain new customers in the neighbouring town, where she currently is relatively unknown
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For the following scenarios suggest a pricing strategies that you will be assessed on for your course and justify why that strategy is most suitable for that business. Scenario 1 Corey has just launched an online business selling customised hoodies. The hoodies are high quality and made uniquely for each individual customer. He sells them solely online through his Shopify store. Scenario 2 Jason has a well-established coffee shop in his local area that has a strong reputation. Due to his strong reputation Jason has developed an ice cold coffee drink in a can. He has just secured a deal to supply local grocery stores and garden centres with his new product. Scenario 3 Ellie writes eBooks for people in business and has a very reputable name but is branching out to follow her passion of writing eBooks for children. This is a highly competitive market where her name as an author is not known. Scenario 4 Thamid is a reputable independent financial advisor that specialises in investment advice to wealthy individuals with a net worth of over $1 million. Scenario 5 Marisol is a well-established roofer within her local area. However she is wanting to expand and gain new customers in the neighbouring town, where she currently is relatively unknown 