Marketing Discussion
Watch the youtube video "3 Pricing Strategies Everyone Should Know" and answer the following questions on pricing:
Question one
• After watching the pricing video, refer back to your multi-million-dollar idea. Choose the most beneficial pricing strategies and suggest two ways in which this selection could potentially affect consumer adoption of the new product.
Question two
• Provide a rationale for your response.
Question three
• Imagine that you are a manager at a brick and mortar store that has an online storefront as an additional source of revenue. The company has tasked you with creating ideas to improve logistics in order to increase profitability. Discuss at least two ideas and how these will increase profitability.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.