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Smarter Pricing: How to capture more value in your market
book

Smarter Pricing: How to capture more value in your market

by Tony Cram
January 2005
Intermediate to advanced
232 pages
5h 35m
English
Pearson Education Canada
Content preview from Smarter Pricing: How to capture more value in your market

Fear and emotion to fight price cuts

Visual imagery can help. During a price war following electricity supply deregulation, one of the low-price combatants, Independent Energy, went bankrupt. The incumbent ran full-page advertisements warning all electricity users of the dangers of choosing low-price newcomers who could go bust. The image of the lights going out was sombre.

Emotional connections can be used. In the face of lower prices from rivals, it is tempting to join the fray and drop prices to match. Suzy Bashford (2004), writing in Marketing Magazine, identified ‘Buy one get one free’ (BOGOF) deals in UK grocery stores on 12 of the most prestigious brands, including Lynx, Timotei, Johnson & Johnson and Bird’s Eye. By contrast, in the same ...

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Publisher Resources

ISBN: 9780273706137Purchase book