Write a post for the Discussion on this topic, addressing the questions below. You may use either written paragraph or bullet-point format. Part 1 should be 2–3 paragraphs in length or an equivalent amount of content in bullet-point form. Responses to your classmates’ posts should be 1–2 paragraphs or several bullet points in length.
Part 1: Pricing Strategy
Briefly describe pricing for your product or service. How does this compare to competitors, assuming competitors are at or near break-even point with their pricing? Analyze pricing alternatives and make recommendations about pricing going forward based on the following:
- How sensitive are your customers to changes in price?
- What revenue you need to break even and achieve profitability?
What does the price says about your product in terms of value, quality, prestige, etc.?
Part 2: Respond to Classmates’ Posts
After you have created your own post, look over the discussion posts of your classmates and respond to at least two of them.
Part 3: Incorporate Feedback
Review the feedback you receive from classmates and your instructor. Use this feedback to revise and improve your work before submitting it as part of the “Complete Marketing Plan” assignment.
Grading Rubric for Discussion Posts
The following grading rubric may be used consistently for evaluating all discussion posts.
Discussion Grading Rubric
|Criteria||Response Quality: Not Evident||Response Quality: Developing||Response Quality: Exemplary||Point Value Possible|
|Submit your initial response||No post made – 0 pts||Post is either late or off-topic – 2 pts||Post is made on time and is focused on the prompt – 5 pts||Point value possible – 5 pts|
|Respond to at least two peers’ presentations||No response to peers – 0 pts||Responded to only one peer – 2 pts||Responded to two peers – 5 pts||Point value possible –5 pts|
Total Points Possible for Discussion Assignment: 10pts.
- Discussion: Pricing Strategy . Provided by: Lumen Learning. License: CC BY: Attribution