Loyset Liédet Feet Size, Family, Eye Color, fees per movie, Wiki, body stats, Real Name, Profession

same service in the same area but still seem to make it. How? Its called Value Added Services. Taking a standard product that is available on the Market and adding something that is unique and beneficial to consumers ensures that your product has a chance. It also allows you more flexibility on Pricing. Economic Price is kept as low as possible. A strategy most associated with Supermarkets who tend to make a very low margin on goods like tin food. Skim This strategy is adopted by companies that have a unique product or competitive advantage and can therefore charge a high price. The strategy does not last for too long because a high price tends to open the door to competitors. This eventually results in increased supply which inevitably lowers the market price. Penetrate This involves setting the price as low as possible in order to gain a substantial share in the market. Once this has been achieved price can be increased. A strategy prominent amoungst Telecoms companies in the UK. Premium Similar to Skim pricing, this strategy is popular amoung companies that offer a unique product or service. The difference between the two is that Premium pricing is usually associated with a product that satisfies a niche market. Bundle Pricing A popular strategy where products are combined to form one package. Value Pricing Where factors in the market force companies to lower prices to retain sales. Psychological Pricing Uses emotive perception rather than rational to persuade the consumer...ú1.99 instead of ú2.00. Position Many small businesses associate position with location only. It is much more than where your business is physically situated or where your distribution areas encompass. It is about creating a unique identity for your business, a Brand which will act as a platform from which to launch your products. In other words, position applies to your place in the Market. Does you company name reflect what you are about, will consumers be able to instantly recognise you? Promotion / Distribution Who are your customers. If you don't know who they are and what they want, you will not be able to promote effectively. Target, target, target. Most of your information will come from Market Research and analyses. Things like Average age, yearly spend, customer groups, buying habits are all important facts that help make promotion effective and easy. Once you identify your perfect customer, you need to figure

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