Mgt211 2nd GDB Solution Spring 2020

Mgt211 2nd GDB Solution

Mgt211 2nd gdb solution spring 2020.

We are share here mostly all assignments and gdbs solutions for vu students.

Download Gdb file click bellow.

Question:

Assessment of the value of a product after series of calculations, research and risk taking is called pricing. Pricing strategies consider input costs, profit margins, market conditions, competitor’s plans and customer’s ability to pay etc. In the following table you are required to write the name of the pricing strategy used in each situation:

Sr. no.	Situations	Pricing strategy
1	A company launched a new product and wants to attract more customers by offering a low price during initial offering.	Penetrating price
2	A monopolist want to gather as much revenue as possible when there is high consumer demand and there is no competition in the market.	Skimming price
3	The seller of a product does not bother his own locality along with the type of the customer and community of the customer.	Fixed price
4	The seller of a product considers his own locality along with the type of the customer and community of the customer.	Dynamic price