What strategies would you implement for pricing

Assignment Help Business Management
Reference no: EM1348165

Consider the following scenario. Suppose you are the owner of a small lawn cutting business with one part-time employee. Your goal is to grow as well as hire full-time employees. You price your services fairly by comparing five local competitors and selecting the middle ground. You have enjoyed steady growth in sales until the last few months. Now you are losing a few of your clients to a local competitor who has undercut your pricing, resulting in more net losses in clients. What strategies would you implement for pricing your services?

Reference no: EM1348165

Questions Cloud

Explain the strengths and weaknesses of online training : Explain the strengths and weaknesses of Online Training. Describe W.Edwards Deming's business and management theory.
Make a contribution margin income statement : Given below determine production and sales data for Herrestad corporation and use same company for all the SLPs in this course. Make a contribution margin income statement for Herrestad corporation.
What actions were built into your strategic plan : What actions were built into your strategic plan to achieve competitive and financial success with that strategy, Why you selected the strategy you used
Example of good or service market : Give an example of a good or service market that is close to perfectly competitive, and then defend your choice. (Us tobacco for service market)
What strategies would you implement for pricing : Now you are losing a few of your clients to a local competitor who has undercut your pricing, resulting in more net losses in clients. What strategies would you implement for pricing your services?
Find out the masses of the fragments : A 3.00-m-long, 400 kg steel beam extends horizontally from the point where it has been bolted to  framework of a new building under construction. A 74 kg construction worker stands at the far end of the beam.What is the magnitude of the torque abo..
Evaluating the two companies financial statements : A corporation has recently met with auditors to discuss scope of year's audit. Talk about the reason for an integrated audit and give a recent failure of a corporate governance.
Define what needs to be done to manage risk on a project : Define what needs to be done to manage risk on a project. When must this be done? How can risk assessment matrix aid in this process?
Java program to ask user to enter favorite color : Write a Java program to ask the user to enter favorite color, a favorite food, favorite animal, and first name of a friend or relative.

Reviews

Write a Review

 

Business Management Questions & Answers

  Ethics in accounting choices

What are the ethical considerations implied in rationale for Fillups decision? Discuss. Do you believe that an accounting alternative must be selected solely on the basis of financial statement effects? Explain.

  Show the functions of leadership and leadership style

Using what you have learned in this module on the functions of leadership, define Job's leadership style and analyze how he fulfills the functions of leadership?

  Discuss porsche''s decision

When Porsche decided to enter the SUV market with its luxury Cayenne model,  Can you explain Porsche's decision?

  Explanation of business ethics question

What types of ethical issues has your company, or company with which you are familiar, faced in doing business internationally? Comprise text concepts which relate to your example.

  Explain what is power and how does it relate to leadership

Explain what is power and how does it relate to leadership and what are the differences between positional power and personal power? Which type is more important?

  Characteristics are important for fit leaders

What practices and characteristics are important for fit leaders? Which key practices are you committing to pursue in your life?

  Assume you are business entrepreneur

Suppose you are the business entrepreneur. Do you support free trade among nations, or do you believe that there should be quotas on the imported goods?

  Ethics and accountability

Should non-profit organizations be held to different ethical standards than for-profit corporations? Should management walk the talk by emulating the companys mission and value statement?

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Founder help to create strong culture in organization

How can a leader or founder help create a strong culture in an organization? Can a leader eliminate culture? Explain.

  What action you must take to limit liability

What action you must take to limit liability

  Elastic or inelastic demand

Is elastic or inelastic demand better for a supplier's profitability? Explain your answer.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd