Free

Price Comparisons - Term Paper Example

Summary

This cuts cost of driving to a department store or a retail managed store. In case of the unavailability of a given item in the store you just have to shop to another store at the comfort of your home retail on the other hand…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER95.5% of users find it useful

Read Text Preview

Subject: Marketing
Type: Term Paper
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 2
Author: rolandokassulke

Extract of sample "Price Comparisons"

Price Comparisons Insert Insert The table for online retailers price comparison Item ONLINE RETAILER Overstock.com Target.com Amazon.comMacys.comComfort dreams bed$359.99$109.99$256.82$302.99Men’s tungsten carbide$38.69$161.50$97.87$142.99Geneva platinum women$26.09$24.99$38.22$28.99German reversible cotton plush$39.99$25.99$36.08$28.99Serta 4- inch memory foam$174.99$289.99$218.99$302.09Ray-Ban unisex RB2132$100.99$100.99$108.99$122.05MyBat Apple iPhone 4S/4 Hybrid$7.50$29.99$18.99$11.99Table 1.

0: The table showing price comparison among overstock.com and other online retailersIn an online store, each model is already at display. This cuts cost of driving to a department store or a retail managed store. In case of the unavailability of a given item in the store you just have to shop to another store at the comfort of your home retail on the other hand is limited to local levels (Smith, 2011).Due to alleviation of miscellaneous expenses like rent, electricity bills, online pricing is low and full of discounts compared to a retail department store.

Presence of coupons eases shipping charges in online trading hence low price charges. In departmental store, local charges must be undergone. Online retailer utilizes several pricing strategies, these includes; pay whatever you wish to, anchor pricing, beat them all price and dynamic pricing (Smith, 2011).. In a discount store, the pricing strategy assumes the competitor and employs guesswork this lowers the marked price and provides an additional advantage to normal departmental store. In a departmental store, all expenses and bills must be a factor before pricing is of consideration.

This has effect to private label increase and corresponding discount to improve selling margin (McDaniel, 2012).Works CitedMcDaniel, C. (2012). Marketing. Stanford: Cengage Learning.Smith, T. (2011). Pricing Strategy: Setting Price Levels, Managing Price Discounts and Establishing Price Structures. Stamford: Cengage Learning.

Cite this document

APA
MLA
CHICAGO

(“Price Comparisons Term Paper Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/marketing/1628396-price-comparisons

(Price Comparisons Term Paper Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/marketing/1628396-price-comparisons.

“Price Comparisons Term Paper Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/marketing/1628396-price-comparisons.

Cited: 0 times

CHECK THESE SAMPLES OF Price Comparisons

Marketing Plan Phase II

They should be relatively unique making quality and Price Comparisons difficult.... price decisions are virtual high wire acts.... In situations where price is fundamental there is a department that handles price decisions.... In situations where price is fundamental there is a department that handles price decisions.... Predominantly price is part of a price-quality equation....

2 Pages (500 words) Essay

Management of Information systems Unit 5

Likewise, enhanced data collection works both ways, as the consumer is benefited by greater ease in Price Comparisons and facility in obtaining data about products and services.... In terms of data collection, pure play companies have an advantage over brick-and-mortar retailers in that it affords a faster and more direct link to consumer data than the latter....

2 Pages (500 words) Essay

The Biggest Concern for Most Parents

You will have to make an initial investment in real nappies since retail Price Comparisons show that you need to spend about £250 on reusable nappies.... There are so many sizes and style options available that comparisons in this area are much harder to make.... There are four major criteria that spring to mind when considering your nappy buying options: price, effectiveness, and the delicate problem of napkin dermatitis, or nappy rash as it is more commonly called....

4 Pages (1000 words) Essay

The Role of E-commerce and Traits of Good Entrepreneurs

-commerce has enabled customers to do instant Price Comparisons through provision of a wide choice of products because of larger-stock supplies online coupled with the flexibility to shop anytime.... The most common goods and services sold on the internet are computers, books, music, office appliances, and other electronic gadgets....

3 Pages (750 words) Essay

Computer Antivirus

The writer of the essay "Computer Antivirus" suggests that every individual will attest to the fact that a computer software antivirus is an important component of any working system involving computers.... Researchers have continuously come up with different antimalware software.... hellip; Depending on the person asked, people will always argue that paying for antivirus computer software is either a total rip-off or a good investment....

3 Pages (750 words) Research Paper

Management of IKEA in the USA

They search for product information and make Price Comparisons with ease.... … IKEA in the USA: Case Study in Global Marketing What has allowed IKEA to be successful with a relatively standardized product andproduct line in a business with strong cultural influence?... Did adaptations to this strategy in the North American market constitute a defeat to its approach? The motive ‘… to bring the IKEA concept to as many people as possible' and the fact that over 260 million people visit their showrooms annually, underlines the global vision of the company and the strategy adopted to implement that vision....

3 Pages (750 words) Case Study

How the E-Channels of WH Smith Can Be Revamped

From the paper "How the E-Channels of WH Smith Can Be Revamped" it is clear that globally there are websites that claim to be genuine online shopping websites but are frauds as they take orders and never return back to the customer.... Interestingly, many webs are look-alikes for the renowned big names....

8 Pages (2000 words) Case Study

Has the Internet Shifted Power to Consumers

This essay "Has the Internet Shifted Power to Consumers" discusses the customers that have convenient ways of conducting online shopping.... There are many consumers that do jobs and they usually find it difficult to go to the different types of outlets to buy things.... hellip; Outlets have made their virtual presence along with home deliveries that allow consumers to conduct their shopping online....

5 Pages (1250 words) Essay