Belkiz Feedaway Essay Example | Topics and Well Written Essays - 500 words

Belkiz Feedaway - Essay ExampleAssuming that I sell the take-away tally precede at the price of US$150 each, the order result have a withdraw of as much as 500 pieces of portable ply 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 yield. It means that the product itself brook be easily copied by other cardboard manufacturers. For this reason, it is not advisable on the offset 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 dodge for Belkiz Feedaways portable feeding chair, on that point is a stro ng need for the marketing manager to dish out a market analysis which includes market segmentation, targeting, and positioning of the product in the market. Since a portable feeding chair is designed for toddlers use, the target markets for this product are couples or single rise up with new born child. Based on statistics of newborn children each year, the company could estimate roughly how well-favored 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 s uch point that the