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Discussion wk6

DISCUSSION
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Strategic Marketing (MKT 475)

16 Documents
Students shared 16 documents in this course
Academic year: 2020/2021
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Bentley Motors- Uses premium pricing strategy by charging higher prices than their competitors for their product. This strategy makes customers to believe that their products are of high value compared to other brands and they won’t mind buying the product with higher prices thus increasing the company’s profits.

Motorola- Motorola Company adopted pricing skimming strategy. Whereby, their initial prices were high since they had very view competitors. They then gradually reduced their prices to attract more customers because they were facing stiff competition from other companies.

Kohl’s- Uses Promotional pricing strategy. Kohl’s offers great deals its customers by giving customers substantial discounts depending on the number of products they purchase. Customers can save up to 80% off the actual price and I think this strategy could be the main reason Kohl’s Company has increased their sales.

Dish Network- Is using Penetration Pricing strategy. The dish network were initially selling their products below the normal selling price to attract new customers. After attracting many customers, it gradually increases their prices and the loyal customers will continue purchasing their products while others may seek alternatives from other companies selling a similar product.

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Discussion wk6

Course: Strategic Marketing (MKT 475)

16 Documents
Students shared 16 documents in this course

University: Strayer University

Was this document helpful?
Bentley Motors- Uses premium pricing strategy by charging higher prices than their competitors
for their product. This strategy makes customers to believe that their products are of high value
compared to other brands and they won’t mind buying the product with higher prices thus
increasing the company’s profits.
Motorola- Motorola Company adopted pricing skimming strategy. Whereby, their initial prices
were high since they had very view competitors. They then gradually reduced their prices to
attract more customers because they were facing stiff competition from other companies.
Kohl’s- Uses Promotional pricing strategy. Kohl’s offers great deals its customers by giving
customers substantial discounts depending on the number of products they purchase. Customers
can save up to 80% off the actual price and I think this strategy could be the main reason Kohl’s
Company has increased their sales.
Dish Network- Is using Penetration Pricing strategy. The dish network were initially selling their
products below the normal selling price to attract new customers. After attracting many
customers, it gradually increases their prices and the loyal customers will continue purchasing
their products while others may seek alternatives from other companies selling a similar product.