Marketing agency

 

You work for a marketing agency advising a client considering whether to drop prices during an economic downturn. The client, a manufacturer of mountain bikes, believes that reducing prices would lead to more sales. The client is aware that lower prices would yield less revenue per sale. However, the client is unaware of any other possible negative consequences of dropping prices.
In an essay:
1. Advise the client of some of those possible consequences. Include a description of the psychological issues at play in dropping a brand’s price.
2. Identify and evaluate price-adjustment strategies beyond a straightforward reduction in retail price that the client should consider.
Parameters:
• Minimum word count: 500 words
• Times New Roman / 12-point font
• APA format
• Include a title page and reference page (in addition to the 500 minimum word count)
Grading
• Your assignment will be graded according to the rubric
Plagiarism
You are expected to write primarily in your own voice, using paraphrase, summary, and synthesis techniques when integrating information from class and outside sources. Use an author’s exact words only when the language is especially vivid, unique, or needed for technical accuracy. Failure to do so may result in charges of Academic Dishonesty.
Overusing an author’s exact words, such as including block quotations to meet word counts, may lead your readers to conclude that you lack appropriate comprehension of the subject matter or that you are neither an original thinker nor a skillful writer

Sample Solution

Marketing agency

Often the first thing companies do during a downturn in the economy is reduce prices on their products and services. Call it an economy-inspired sales promotion. Today consumers are more price sensitive and less brand loyal than ever before. Economic crises brought hard times into various markets; consumers buy according to special offers and do not notice brands` advantages and their message to them. Psychological pricing is the business practices of setting prices lower than a whole number. The idea behind it is that customers will read the slightly lowered price and treat it lower than the price actually is.

ords, this sort of government esteems the assistants more than others. The rulers in this administration are not picked by their intelligent person/philosophical means like in a privileged, yet rather they gain power through their victories and accomplishment of respects. Subject to their authority, individuals will adhere to guidelines forcibly. Individuals will want material riches, having a tendency to be gluttonous. Because of these conditions, Socrates sees this kind of government as being sub-par compared to a privileged, where individuals in a perfect world have restraint and practice balance. In the wake of going through a timocracy, they will go through a government; this framework will remember more aggregation and squandering of cash for the high society, while the lower class is without a doubt poor and make up most of the populace. The oligarchs live to enjoy and enhance themselves and satisfy their own longings. These couple of men approach political and military power, while poor people classmen are totally weak. The high society likes it as such. Accordingly, their military is feeble in general on the grounds that the rich are hesitant to give weapons to poor people, feeling that they will rebel against them. Then, there is a majority rules system: a type of government where there is opportunity to act anyway you wish to. The vote based man’s main concern is the material things that he can purchase with cash. Finally, there is the most terrible type of government in Socrates’ eyes. There is no discipline, equity, control, and practically no regulations. Society essentially lives in bedlam; individuals do however they see fit it incorporates insidious exercises like homicide. Socrates accepts that there is no happiness in a dictator, in light of the fact that with this administration, one can get whatever he/she wishes, which makes it not palatable to accomplish anything. This will be the end, in which individuals fear everything and everybody, including themselves. Astuteness and reason are nonexistent.

Actually, I feel that Socrates made this ideal city while realizing that it was out of reach since he needs for there to be an objective that individuals can pursue consistently. It provides individuals a motivation, to attempt to be better individuals and know about how they play a part in their general public. He shows that for every person, it is to their greatest advantage to endeavor carrying on with a fair life. Through equity, he accepted that individuals can accomplish opportunity, joy and the

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