Will you, as an entrepreneur, use the base pricing method for consumab

1.	Will you, as an entrepreneur, use the base pricing method for consumable items? Justify your answer.
Answer» Yes, an entrepreneur, could use the base pricing method for consumable item. This is because of following reasons: 1. Raising the sales: When the discount is assured on the consumable item, customers will be attracted towards the item. This will increase the sales. 2. Easy promotion: Due to varying discount, the promotion of the product becomes easy, as discount rates can be made public easily and effectively. 3. Customers will not be lost: If one rate of discount is not acceptable then the other and more effective discount can be offered. 4. Scope for bargain: Bargain on price or discount is possible in this method. This bargain can be initiated by entrepreneur and also by the customers leading to productive transaction for the entrepreneur.

Will you, as an entrepreneur, use the base pricing method for consumable items? Justify your answer.

Answer»

Yes, an entrepreneur, could use the base pricing method for consumable item.

This is because of following reasons:

1. Raising the sales: When the discount is assured on the consumable item, customers will be attracted towards the item. This will increase the sales.

2. Easy promotion: Due to varying discount, the promotion of the product becomes easy, as discount rates can be made public easily and effectively.

3. Customers will not be lost: If one rate of discount is not acceptable then the other and more effective discount can be offered.

4. Scope for bargain: Bargain on price or discount is possible in this method. This bargain can be initiated by entrepreneur and also by the customers leading to productive transaction for the entrepreneur.

Discussion

No Comment Found

Related InterviewSolutions

Subhiksha was founded in 1997 by R. Subramanian, an IIT-IIM graduate. It operated over 1600 outlets selling groceries, fruits, vegetables, medicines and mobile phones and positioned itself as value retail chain. It adopted strategy to cut price, focus on lower and upper middle class, and opened shops near catchment area of customers. It started with one store in Chennai and within a short span the count reached to 1600 outlets (2008). Still Subhiksha was a failure. Describe the possible reasons behind the failure of Subhiksha.
What is the goal of business?
What is business failure?
Market rate method is useful for new entrepreneurs. Why?
What are the main public relations tools?
When do we conclude that a business has failed?
Explain the benefits of CRM.
What are the various types of brand names from the entrepreneur’s perspective?
Explain the meaning of CRM.
Define logo.