Consider the Target Market

by | Oct 28, 2021 | Homework Help

(1 PAGE)Consider the Target Market, Competition, Core Strategy, and Communications & Promotions when making a decision on how pricing will be determined.Provide a brief introduction of the Honda Car Company . Discuss what pricing objectives you would consider for your product/service.  Identify the pricing objective and strategy you will ultimately choose and explain why.Reference Core Concepts of Marketing- Chapter 9 Pricing the Product (PDF)“5 Marketing KPIs You Cannot Measure but Should Care About” – Nicole Rodrigueshttp://www.marketingjournal.org/5-marketing-kpis-you-cannot-measure-but-should-care-about-nicole-rodrigues/(1 PAGE)Perceived ValueNot all benefits or costs can be quantified in dollars. A product’s aesthetic appeal, extra technical support, and reputation are harder to quantify in economic terms, yet they can have a profound impact on customer perceptions of value.Provide a brief introduction of Honda Car Company . Discuss ways you can improve perceived customer value. Analyze how psychological motives help shape emotional benefits and customer perceptions of value. Analyze how the personality of an endorser shapes the emotional benefits of the product.Reference Core Concepts of Marketing- Chapter 9 Pricing the Product (PDF)“5 Marketing KPIs You Cannot Measure but Should Care About” – Nicole Rodrigueshttp://www.marketingjournal.org/5-marketing-kpis-you-cannot-measure-but-should-care-about-nicole-rodrigues/

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