{"id":434892,"date":"2018-06-24T15:41:55","date_gmt":"2018-06-24T15:41:55","guid":{"rendered":"https:\/\/essaypaper.org\/?p=28838"},"modified":"2018-10-24T09:02:23","modified_gmt":"2018-10-24T09:02:23","slug":"business-finance-price-place-and-technology","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/business-finance-price-place-and-technology\/","title":{"rendered":"Business Finance-Price, Place, and Technology"},"content":{"rendered":"<h2>Price, Place, and Technology<\/h2>\n<h3><strong>Part 1. <\/strong><strong>Answer the following questions, within 100 words minimum<\/strong><\/h3>\n<ol>\n<li>How select distribution channels appropriate for a small business opportunity.<\/li>\n<li>How create a pricing strategy for an entrepreneurial opportunity.<\/li>\n<li>Identify the use of technology for marketing an entrepreneurial venture.<\/li>\n<\/ol>\n<p>Chapter 13 Price Components and price Constraints<\/p>\n<ol start=\"4\">\n<li>Thinking of the small business you are now running (Electrical Contractor), Explain, what makes up your price (components of price as discussed in Ch 13)<\/li>\n<li>what are some of the price constraints for that business?<\/li>\n<\/ol>\n<p>Chapter 14 Price Strategy<\/p>\n<ol start=\"6\">\n<li>Thinking of the small business you are now operating (Electrical Contractor), choose the best price strategy (from those discussed in Ch 14) that best suits your business<\/li>\n<li>Explain, why it is the best strategy.<\/li>\n<li>We, as consumers, are subject to all sorts of psychological pricing strategies, from buy one get one free to thinking $1,500 is so much nore than $1,499.99. This link provides some timeless strategies to help boost sales. Please chose any two of the 10 provided and discuss how you will use that for your small business venture.<\/li>\n<\/ol>\n<p>https:\/\/www.helpscout.net\/blog\/pricing-strategies\/<\/p>\n<h1><\/h1>\n<h3>Part 2: Brand Management, Part I<\/h3>\n<p>The purpose of this assignment is to help you create and justify pricing for your product and service while keeping the motives of your competition in mind.<\/p>\n<p><strong>Assignment Steps<\/strong><\/p>\n<p><strong>Review<\/strong>\u00a0the Electronic Reserve Readings\u00a0article &#8220;Practical Pricing is Key&#8221; by Gooch.<\/p>\n<p><strong>Create<\/strong>\u00a0a presentation that is at least 10 slides in length.<\/p>\n<p><em>Note<\/em>: You can use a presentation format of your choice including, but not limited to: Microsoft\u00ae PowerPoint\u00ae, infographics, or word documents with visuals.<\/p>\n<p><strong>Include<\/strong>\u00a0the following in your presentation:<\/p>\n<ul>\n<li>Compare and contrast the various pricing practices discussed.<\/li>\n<li>Explain the technology under consideration for your business.<\/li>\n<li>Evaluate the distribution channels that you propose using.<\/li>\n<li>Identify key issues related to pricing in your industry, and explain how your pricing strategy will affect your business.<\/li>\n<li>Rate the attractiveness of your industry as a business opportunity.<\/li>\n<li>Create general recommendations that might apply to any competitor when pricing is in question.<\/li>\n<\/ul>\n<h3>Part 3: Business Market Analysis, Part II<\/h3>\n<p>Congratulations! Your Shark Tank panel of financial investors has moved you to the next round. The panel is interested in your business, but has additional questions that must be answered<\/p>\n<p><strong>Create<\/strong>\u00a0a 25-slide presentation in a format of your choice (e.g. Microsoft\u00ae PowerPoint\u00ae, infographics, or word documents with visuals) in which you address the following:<\/p>\n<ul>\n<li>Provide a brief summary of your product or service. (Electrical Contractor)<\/li>\n<li>Explain your value proposition.<\/li>\n<li>Outline your marketing, technology, and labor costs.<\/li>\n<li>Describe your pricing strategy.<\/li>\n<li>Estimate the amount of product or service you plan to sell.<\/li>\n<li>Analyze your value proposition, costs, pricing, and volume against your competitors.<\/li>\n<li>Answer the potential questions from your financial investor panel\u00a0:\n<ul>\n<li>What is your price?<\/li>\n<li>How did you arrive at that price?<\/li>\n<li>Why do you think you can make any money at that price?<\/li>\n<li>What are your manufacturing\/resources costs?<\/li>\n<li>What are your distribution channel costs?\n<ul>\n<li>Add persuasive information to justify your answers.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price, Place, and Technology Part 1. Answer the following questions, within 100 words minimum How select distribution channels appropriate for a small business opportunity. How create a pricing strategy for an entrepreneurial opportunity. Identify the use of technology for marketing <a href=\"https:\/\/www.benedictsol.com\/blogs\/business-finance-price-place-and-technology\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-434892","post","type-post","status-publish","format-standard","hentry","category-essay-paper-writing"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/434892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=434892"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/434892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=434892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=434892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=434892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}