retail pricing strategy

FIRST GRADER essay writing company is the ideal place for homework help. If you are looking for affordable, custom-written, high-quality and non-plagiarized papers, your student life just became easier with us. Click the button below to place your order.


Order a Similar Paper Order a Different Paper

Pricing Strategy

Scenario

The online retail operation you recently opened is doing well but you are uncertain of your pricing strategy. Currently the typical customer purchases four items at an average price of $11.96 and for an average transaction size of $47.84. The cost of goods is 60 percent of sales, which yields a gross margin of 40 percent. You are considering lowering prices by 10 percent across the board so you can better compete with other music e-tailers.  If you lower prices by 10 percent, you believe that the average number of items purchased per customer would rise by 25 percent.

Assuming your assumptions are correct, should you lower prices by 10 percent across the board? If not, do you have an alternative pricing strategy to propose?

Address the following in your paper:

•Review the scenario and address each question while showing work for all mathematical problems.

•Provide full analysis for all conclusions made. 

•For any assumptions made, be sure to reference the scenario when providing justification for responses.

Include a title page and any references used. 

Got stuck with another paper? We can help! Use our paper writing service to score better grades and meet your deadlines.

Get 15% discount for your first order


Order a Similar Paper Order a Different Paper
Writerbay.net