IMC - Swedish Fish
Google Trends - Greatest thing ever
MARKETING
Obj 3,2,1 test coming up late this week...60 questions.
3.06 - What is a good price?
3.06 LAP Price is Right! - Due May 2 (wednesday)
3.06 Price is Right/Razzle Dazzle/Sell Away (15)
http://www.quia.com/quiz/5857060.html
Obj 5 - Chap 18 - Setting the Right Price
http://www.quia.com/quiz/5857060.html
Obj 5 - Chap 18 - Setting the Right Price
Participate in a class debate about the ethics of pricing a product as high as possible due to high demand. Examples to consider are oil prices and popular cars.
Drug company raise prices 5000% for AIDS drug - From $13.50 to $750 a pill
Should those that can afford to pay more supplement those that cannot?
Price Gouging
What is Price Fixing?
Predatory Pricing
For Fun!
https://www.quia.com/rr/1000833.html?AP_rand=90647969
[5-85]
a. Describe the characteristics of effective pricing.
b. Explain what is being priced when prices are set for products.
c. List factors that affect a product's price.
d. Describe how pricing affects product decisions.
e. Explain how pricing affects place (distribution) decisions.
f. Describe how pricing affects promotion decisions.
g. Explain pricing objectives.
[5-87]
a. Define the following terms: price fixing, predatory pricing.
b. Identify ethical considerations in setting prices.
c. Explain ethical concerns associated with the use of complex prices that are confusing to consumers.
d. Explain how pricing tactics can relate to social responsibility.
[5-89]
a. Identify ways that the use of technology impacts the pricing function.
b. Explain specific applications of technology in pricing.
c. Describe benefits of automating the pricing process.
d. Discuss risks associated with automating the pricing process.
e. Explain how automating pricing facilitates targeted pricing.
[5-91]
a. Define the following terms: bait-and-switch advertising, deceptive pricing, dumping, loss-leader pricing, predatory pricing, price discrimination, and price fixing.
b. Describe laws affecting pricing.
c. Explain positive effects of pricing laws.
d. Discuss negative effects of pricing laws.
e. Explain the impact of anti-dumping laws on consumers.
[5-93]
a. Define the term selling price.
b. Distinguish between price and selling price.
c. Describe the importance of selling price.
d. Identify factors affecting selling price.
e. Explain how consumers can affect selling price.
f. Describe how government affects selling price.
g. Discuss how competition can affect selling price.
h. Explain how the nature of a business can affect selling price.
i. Identify pricing objectives.
j. Explain how pricing objectives affect selling price.
Factors Influencing the Pricing Decision
http://randikaabeysingha.articlealley.com/factors-influencing-the-pricing-decision-934039.html
Intro to the Marketing Mix - Pricing
http://faculty.mu.edu.sa/public/uploads/1361465823.1011marketing%20mix31.pdf
http://randikaabeysingha.articlealley.com/factors-influencing-the-pricing-decision-934039.html
Intro to the Marketing Mix - Pricing
http://faculty.mu.edu.sa/public/uploads/1361465823.1011marketing%20mix31.pdf
External factors: Competitive and other products.
http://www.knowthis.com/principles-of-marketing-tutorials
/pricing-decisions/external-factors-competitive-and-related-products/
Price Affects Consumer preference
http://www.adweek.com/brand-marketing/how-price-affects-consumer-s-path-purchase-160401/
http://www.coolmath-games.com/0-coffee-shop
Story of Bottled Water - 8 minutes
http://storyofstuff.org/movies/story-of-bottled-water/
Story of Electronics - 8 min
http://storyofstuff.org/movies/story-of-electronics/
SPORTS AND ENTERTAINMENT MARKETING
Test Tuesday, 45 Questions
Big Project - Part 1 only - Due May 11, 2018
Event Promotion/Coordination/PPT Pjt
https://drive.google.com/open?id=1-2Skf11sEXSmsmu1J2MKMYbphonWQ-TYG2xbe0lHULI
Project and Study Guide
3.01 PPT - Ticketing and Seating Arrangements
- Describe factors affecting types of seating arrangements.
- Explain advantages/disadvantages associated with different types of seating arrangements.
- Identify appropriate occasions to use types of seating arrangements.
- Explain ADA seating considerations at sports/events.
- Discuss types of sport/event ticketing arrangements.
- Describe advantages/disadvantages of different types of sport/event ticketing arrangements.
For the next two links (long links) discuss the rationale behind one seating arrangement and another...GA, Reserved, etc
Search string - Google Images “seating charts for the amphitheater”
Seating arrangements for Arenas
Theatre Spaces
Seating types
Venues and seating
Take a tour of the seating facilities for the school.
Auditorium
Classroom
Computer room
Gymnasium
Stadium
Discuss seating opportunities at each of the venues stated...could the seating be different and still have the same effect?
Obj 1 Practice - SEMII (50q)
http://www.quia.com/quiz/5907352.html
Obj 2 - Practice Test - SEMII
http://www.quia.com/quiz/5907360.html