Professional Documents
Culture Documents
Presented by :
Sneha Bhor
Mahima Gotekar
Babli Yadav
Meaning and definition :
Price is an art of translating into quantitative terms
the value of the product to consumer at a point in
time.
❑ Product
❑ Price
❑ Promotion
❑ Place
Product
: Any issues for selling the product this would include the
packaging and all other connection in selling the product.
Price
: We need to ensure that we generate adequate income to
cover our cost & to make a healthy profit. Price goals
should achieve - positioning, marketing mix,
willingness & ability to pay.
Promotion
: We would also need to make the plan what other
promotional activity would take place in order to tell
our customer about our product which will attract them
to buy.
Place
: You have to decide the choice of the place through
which channel you distribute the product or service.
ADIDAS
❏ As one of the leading organizations in the sport
equipment industry and its reputation for quality and
design.
❏ It is only influenced by competitive pricing and the
customers perceived value for their money.
❏ The production of most of Adidas products take place
with cheap labour and low overall costs.
E.g. Production cost is $76 but the product at price
$350.
Types of Price Strategies :
❏ Skimming / Penetration Pricing Strategy