Instruction
Assessment: This part of the assignment will be assessed using the following criteria:
Comprehensiveness
Depth of insight and analysis
Rationale/support for the conclusions drawn
When pricing a new product, a marketer will select a strategy from several different price strategy options. The most common strategies used are skimming price and penetration price.
What are the advantages and disadvantages of each of these two price strategies for the organization? (10 points)
What are the advantages and disadvantages of each of these two price strategies for the customer? (10 points)
Question # 2
Part A: Reading
Review Chapters 4 and 5 and identify three consumer buying behaviour concepts and three organizational buying behaviour concepts.
Part B: Learning By Doing
Look through or view magazine, newspaper, or television advertisements to find applications of at least three of those buying behaviour concepts ensuring you include both b2c and b2b advertisements.
Part C: Web Discussion
Write a description of the advertisements you have found that demonstrate the application of the behaviour concepts and explain how the concept has been applied in that advertisement.