StudentShare solutions
Triangle menu

Belkiz Feedaway - Essay Example

Nobody downloaded yet

Extract of sample
Belkiz Feedaway

Assuming that I sell the portable feeding chair at the price of US$150 each, the company will have a demand of as much as 500 pieces of portable feeding chair per month. In case I decided to sell the portable feeding chair at the price of US$350 per chair, the company will be able to sell only 200 pieces of its portable feeding chair per month. (See Graph I – Investment on Price Elastic Product (Portable Feeding Chair) below)
A portable feeding chair made out of strong recyclable cardboard is considered as a homogenous product. It means that the product itself can be easily copied by other cardboard manufacturers. For this reason, it is not advisable on the part of Belkiz Feedaway to sell its product as inelastic product. By maintaining the price elasticity of demand, the company will be able to continuously sell the product all year round.
To determine the best pricing strategy for Belkiz Feedaway’s portable feeding chair, there is a strong need for the marketing manager to conduct a market analysis which includes market segmentation, targeting, and positioning of the product in the market. Since a portable feeding chair is designed for toddler’s use, the target markets for this product are couples or single parent with new born child. Based on statistics of newborn children each year, the company could estimate roughly how big its potential market is within the United States.
Since this product is relatively new in the market, the company can take advantage of pricing the product not too high and not too low. Since there are no other substitute for this product in the market as of the present time, the company has more bargaining power over its target consumers.
With regards to product pricing, it is important to consider the volume of portable feeding chair the company can produce. Even though demand for the product is high, the availability of supply could also affect the pricing of the product until such point that the ...Show more


Price elastic products are basically referring to basic commodities which are highly sensitive to price changes such that a small increase in the market price of these goods would result to a significant decline in the demand for the product (North Carolina State University,…
Author : diegomohr
Belkiz Feedaway essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Belkiz Feedaway"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

The Utilization of Health Management Information Systems within the NHS
National, regional and institutional projects abound to bring the shared Electronic Patient Record (EPR) into being and to support the care process with order communication and decision support techniques (Berg, 2004, p. 1). This technological advancement is expected to aid in reducing medical errors and boost the quality of health care delivery via optimizing communication.
7 pages (1750 words) Essay
Book review (The Lives of Margaret Fuller: A Biography by John Matteson)
Margaret is described as a brilliant writer, a fiery social critic, a feminist. Matteson provides us with reasons to celebrate an American woman who stood out amidst the men in her time as an intellectual equal. Margaret Fuller utilised courage and skills to accomplish all that made her the woman she represents in the lives she personified.
5 pages (1250 words) Essay
Person Centred Model
Specifically, the person-centred model was developed from the concepts of humanistic psychology. The humanistic model "views people as capable and autonomous, with the ability to resolve their difficulties, realize their potential, and change their lives in positive ways" (Seligman, 2006).
17 pages (4250 words) Essay
Current event essay Economics
In the recent years, the free-market capitalism has put American economical stability into crisis and has transferred the power to the economy of emerging nations as India, China and Latin
2 pages (500 words) Essay
From the tears I cried when I was born to ending up a meeting a beggar and discussing with him about his miseries, its been communication thats helped me to know the other person better and helped me tell them what Ive been feeling. Communication is
2 pages (500 words) Admission/Application Essay
London 2012 Olympics
This committee is responsible for staging the games and to raise funds by means of sponsorship. According to IOC the government is not allowed to
7 pages (1750 words) Essay
To wit, the “demographic transition” is the designation for a model that is able to track and describe the changes that occur to a given population through time. The model takes off from the work of Warren Thompson, an American demographer, starting in 1929, and
3 pages (750 words) Essay
Anomie and Strain Theories
Operational institutional anomie theory is a research strategy that explains a lot concerning criminal behaviors. It is believed that anomie theory has numerous impacts in ensuring that variations that are witnessed in rates of crime are understood. If the economic opportunities are expanded, cultural induced pressures may be intensified.
2 pages (500 words) Essay
How Secure is Your Data, Information and Information Systems Technology
According to the paper as the issue of insider threat is something that we both touched on as part of the trends in security issues. Having much emphasis on employee training will be a solution to the problem that you currently face. Most of the cases of negligence can be dealt with as employees will gain the needed experience.
1 pages (250 words) Assignment
Not deciding yet
they may have many other options of hiring cheap labor as compare to the US labor market. Due to the availability of cheap labor market, the increase in the minimum wage rate may cause a decrease in the employment rate of that particular
2 pages (500 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment