Everydy Low pricing Assignment Example | Topics and Well Written Essays - 250 words

Everydy Low pricing - Assignment Example 2. What could your local supermarket do other than offer low prices or price discounts to win your business (delight you) and still maintain a high profit margin? As suggested, other than offering everyday low prices, one’s local supermarket could offer some slow moving products on major price-off sale (from 20 to 50% off) or provide discounts to frequent buyers (maybe through accumulating points which could be redeemed as cash on the next shopping). These strategies would ensure that slow moving products could be purchased and the points system would not entail costs to the supermarket which could lessen their profits. 3. What advantages and disadvantages do you see for manufacturers to offer everyday low purchase prices to retailers? Are manufacturers and retailers pushing price so much that theyre in danger of lowering profits? Is this especially true on the Internet? Why is price competition so common? The advantages of offering everyday low purchase prices to retailers by manufacturers include selecting them as sources of products in volume, as against competitors not offering low prices. The disadvantages include potentially lower profit potentials if the volumes of needed sales are not met. One believes that manufacturers and retailers make the necessary computations in volume-price effect of pushing price to achieve a target profit; otherwise, they would not offer this pricing strategy. This fact is applicable in any organizational setting and in various medium, including the internet. Price competition is so common because consumers are becoming price conscious and opts to purchase products that are perceived to be the cheapest but provides the value needed by the

Strategic Assignment Example | Topics and Well Written Essays - 3000 words

Strategic - Assignment Example Currently, the company is the second-largest corporate organization in the world in terms of revenue after Samsung and is one of the most valuable brands having gained consumer loyalty and trust through good business practice over the years. In order to ascertain the degree of globalization within a particular industry, there are four main drivers that need to be analyzed and these include: market drivers, competitive drivers, government drivers and cost drivers. Market drivers seek to demonstrate customer behaviors in relation to company products in the market domain. Consumers are the major players in the industry as they determine the demand for market commodities and influence the decisions of the manufactures. The global consumers’ needs tend to converge at the same point. Cost drivers attributes to the aspects of competition among industry leaders at a regional or national level. The different dynamics that come into play in the course of operation depending on the region of operation. The convergence of consumer needs is one of the most important elements in any business venture. The dynamics of these common tastes and preferences may vary by product from one region to another basing on cultural practices, disposable incomes, and the homogeneity of the target population in reference to a particular product. Apple Inc. as an international organization offers the same product but differentiates it to suit the specific needs and preference of the society under operation. There is need for the product to be modified in a very professional way to maintain its brand identity while at the same time blending with the cultures, tastes and preferences of their specific target market in their various markets across the globe. Apple mobile manufacturing company has been keen in redesigning and customizing their electronic devices to suit the specific needs of its current market.