Describe your pricing strategy in detail Dominican Republic cheesecake factory A
ID: 2753527 • Letter: D
Question
Describe your pricing strategy in detail Dominican Republic cheesecake factory Address local responsiveness How will your firm adapt to cultural differences and consumer preferences? Are there any legal, social, religious or ethical issues involved? How will you firm handle distribution and supply chain management? What are the risks in this respect? 1. Select a specific location down to the square mile. Why did you chose this location? How does it fit with your overall strategy? Develop a comprehensive promotional mix Map out an action plan for the expansion into this new market using a and major milestones.Explanation / Answer
1.Pricing is one of the traditional "4P"of marketing i.e.product,price,place,promotion.So,we can say that it is the main elements of each B2C planning.Pricing strategy in their marketing action is assert to write.So,there are various factors which has to keep in mind whlie considering pricing strategy both for long term as well as short term.
2.1.In additional to adaptations related to cultural and consumer preference every company should be alive that even central impact of products may get changing like electrical standards in mostly abroad countries vary from U.S.electrical accepted.
2.Yes,there are legal,social,religious or ethical issues always involved.
2.Supply chain management is a augment management gives spotlight that considers the mixture of impact of all the companies confusing in the production of goods and services from suppliers to manufacturers to wholesalers to merchant to last consumers and further to clearance and can be use again.While simple to accept in theory so the chain manegement gets more complicated the bigger the company and its area of products and the extra international the places of its suppliers,clients and distribution availability.
1.Your location is a major part of supply chain management.In this case the maion flow is customers as they has to pass between the stores which itself has a great pull.
2.As part of the marketing mox promotion involves every action that include advertise with the clients about the good and its advantages aand characters.Once a company has created on the product and cost elements,it is time to restart a chat with the client about the product.