Practice Simulation/Reflection - Essay Example

Only on StudentShare

Extract of sample
Practice Simulation/Reflection

I had set the price of black backpacks that I have targeted the teenagers with to 25$. The distribution channel I set was selective as I was targeting a specific area of the target. The promotion medium I used was through billboards. Even though the price was low, I still lost money in the end because my target market was not the one which was well endowed in the cash department. Rest of the simulations, I wanted to test my area of overpricing the backpacks with different target market and different marketing mix. In the second simulation of mine, the backpack that I was making was targeted towards professional athletes. This time, the distribution channel I used was still selective and the promotion method I used wascommercials. The result was that, I was able to make profit out of this scenario even though the price that I had set was 50$. What I had made of getting the profit out of overpricing was the fact that my target market is on the rich side of the spectrum. On third simulation, the thing that I did different from the second simulation was that that I have set up the promotion of the product through internet. Although the sales were good this time also, but the end result was that I didn’t make any profit in the end. ...Show more

Summary

Effect of Overpricing with Different Combinations of Other Three Ps Analysis In this analysis, the main focus is on how the overpricing is influenced by different scenarios of other three Ps that were involved in the simulation. It also shows the difference it could make in selecting a appropriate target market for the balance of 4 Ps that one wants to set…
Author : wuckertlucinda
Practice Simulation/Reflection essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Practice Simulation/Reflection"
with a personal 20% discount.
Grab the best paper

Related Essays

Simulation
In nursing these functions are achieved through a combined application aspects of role playing, use of low and high technology equipment, and application of real field work activities. The literature available concerning simulation in nursing is mostly inclined towards simulation done for the purpose of education.
4 pages (1000 words) Essay
Business Simulation
Reflexive essay on business simulation Name: Course: Institution: Tutor name: April 9, 2013 Reflexive essay on business simulation Introduction Simulations offer an experience of a real set up and therefore test on properties that are expected among individuals.
6 pages (1500 words) Essay
Practice reflection essay
A brother who also lives with them works full time and sports a very active social life. He made no effort to offer time availability to help provide the high level of supervision David requires. David was admitted to acute ward under Section 3 due to non compliance
10 pages (2500 words) Essay
Reflection and skills practice
The purpose of a reflection paper is to demonstrate what I have learned about the principles of coaching and mentoring. In addition, this paper will reflect my
5 pages (1250 words) Essay
Reflection on clinical simulation
The basics and essentials steps of undertaking reflection are reporting, responding, relating, reasoning and reconstructing. We are going to apply these steps in analysing a case of a diabetes patient who was brought to the emergency room for
2 pages (500 words) Essay
Reflection on simulation
Then we informed him that we intended to examine him through several tests. The patient visibly relaxed after the introduction process. He was willing to explain what he felt. After listening to him tells his story, we decided to check for
3 pages (750 words) Essay
Reflective Essay on Business Simulation
I did the whole project at individual level and completed all aspects for my submission. The work involved research for background information, from published literature, on the simulation and its
8 pages (2000 words) Essay
Nurse Educators Perceptions Using Simulation in Teaching: Change in Technology
The research will be conducted with nurse educators on the campus of a large, private and co-eduacational American university who are employed in the
13 pages (3250 words) Essay
SIMULATION REFECTION
Based on these readings, I gave him the Lasix that was ordered by the physician because I knew that this medication would help the patient to get out rid of fluid accumulation. Consequently, patient was able to breathe easier and his blood
3 pages (750 words) Essay
Simulation Impact on Saudi Internship Nursing Students
Practicing at simulation stations plays a significant role in helping the nursing students improve their skills and performance in a variety of situations
6 pages (1500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT