市场营销原理外文翻译 外文文献 英文文献.docx

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市场营销原理外文翻译 外文文献 英文文献.docx

市场营销原理外文翻译外文文献英文文献

 

本科毕业论文

外文文献及译文

 

文献、资料题目:

New-ProductPricingStrategies

文献、资料来源:

著作

文献、资料发表(出版)日期:

2000.4

 

外文文献:

PrinciplesofMarketing

1.New-ProductPricingStrategies

Pricingstrategiesusuallychangeastheproductpassesthroughitslifecycle.Theintroductorystageisespeciallychallenging.Wecandistinguishbetweenpricingaproductthatimitatesexistingproductsandpricinganinnovativeproductthatispatentprotected.

Acompanythatplanstodevelopanimitativenewproductfacesaproduct-positioningproblem.Itmustdecidewheretopositiontheproductversuspositioningstrategies.First,thecompanymightdecidetouseapremiumpricingcompetingproductsintermsofqualityandprice.Figure17.1showsfourpossiblestrategy-producingahigh-qualityproductandchargingthehighestprice.Attheotherextreme,itmightdecideonaneconomypricingstrategy-producingalower-qualityproduct,butchargingalowprice.Thesestrategiescancoexistinthesamemarketaslongasthemarketconsistsofatleasttwogroupsofbuyers,thosewhoseekqualityandthosewhoseekprice.Thus,Tag-Heueroffersveryhigh-qualitysportswatchesathighprices,whereasCasiooffersdigitalwatchesatalmostthrowawayprices.

Companiesbringingoutaninnovative,patent-protectedproductfacethechallengeofsettingpricesforthefirsttime.Theycanchoosebetweentwostrat-egies:

market-shimmingpricingandmarket-penetrationpricing.

(1)Market-SkimmingPricing

Manycompaniesthatinventnewproductsinitiallysethighpricesto'skim'revenueslayerbylayerfromthemarket.Intelisaprimeuserofthisstrategy,calledmarket-skimmingpricing.WhenIntelfirstintroducesanewcomputerchip,itchargesthehighestpriceitcan,given,thebenefitsofthenewchipovercompetingchips.Itsetsapricethatmakesitjustworthwhileforsomesegmentsofthemarkettoadoptcomputerscontainingthechip.Asinitialsalesslowdownandascompetitorsthreatentointroducesimilarchips,Intellowersthepricetodrawinthenestprice-sensitivelayerofcustomers.

(2)Market-PenetrationPricing

Ratherthansettingahighinitialpricetoskimoffsmallbutprofitablemarketsegments,somecompaniesusemarket-penetrationpricing.Theysetalowinitialpriceinordertopenetratethemarketquicklyanddeeply-toattractalargenumberofbuyersquicklyandwinalargemarketshare.Thehighsalesvolumeresultsinfallingcosts,allowingthecompanytocutitspriceevenfurther.Forexample,DellandDanusedpenetrationpricingtosellhigh-qualitycomputerproductsthroughlower-costmail-orderchannels.TheirsalessoaredwhenIBM,Compaq,Appleandothercompetitorssellingthroughretailstorescouldnotmatchtheirprices.TheBankofScotlandandWinterthurofSwitzerlandusedtheirDirectLine,PrivilegeandChurchillsubsidiariestograbprofitsandshareinthemotorinsurancemarketbysellingdirecttoconsumersatmarket-penetratingprices.Thehighvolumeresultsinlowercoststhat,inturn,allowthediscounterstokeeppriceslow.

Severalconditionsfavoursettingalowprice.First,themarketmustbehighlypricesensitive,sothatalowpriceproducesmoremarketgrowth.Second,productionanddistributioncostsmustfallassalesvolumeincreases.Finally,thelowpricemusthelpkeepoutthecompetition-otherwisethepriceadvantagemayheonlytemporary.Forexample,DellfaceddifficulttimeswhenIBMandCompaqestablishedtheirowndirectdistributionchannels.

2.Product-MixPricingStrategies

Thestrategyforsettingaproduct'spriceoftenhastohechangedwhentheproductispartofaproductmix.Inthiscase,thefirmlooksforasetofpricesthatmaximizestheprofitsonthetotalproductmix.Pricingisdifficultbecausethevariousproductshaverelateddemandandcosts,andfacedifferentdegreesofcompetition.

(1)ProductLinePricing

Companiesusuallydevelopproductlinesratherthansingleproducts.Forexample,Merloni'ssellsIndesit,AristonandSeholtewithpriceand–statusascendinginthatorder.TherearcfullrangesofIndesittoAristonappliances,fromwashingmachinestofreezers,coveringthefirsttwopricehands,whileScholtesellsexpensivebuilt-inkitchenequipment.Kodakoffersnotjustonetypeoffilm,hutanassortmentincludingregularKodakfilm,higher-pricedKodakRoyalGoldfilmforspecialoccasions,andalower-priced,seasonalfilmcalledRuntimethatcompeteswithstorebrands.Eachofthesebrandsisavailableinavarietyofsizesandfilmspeeds.Inproductlinepricing,managementmustdecidionthepricestepstosetbetweenthevariousproductsinaline.

Thepricestepsshouldtakeintoaccountcostdifferencesbetweentheprod-uctsintheline,customerevaluationsoftheirdifferentfeaturesandcompetitors'prices.Ifthepricedifferencebetweentwosuccessiveproductsissmall,buyerswillusuallybuythemoreadvancedproduct.Thiswillincreasecompanyprofitsifthecostdifferenceissmallerthanthepricedifference.Ifthepricedifferenceislarge,however,customerswillgenerallybuythelessadvancedproducts.

(2)Optional-ProductPricing

Manycompaniesuseoptional-produetpricing-offeringtoselloptionaloracces-soryproductsalongwiththeirmainproduct.Forexample,aearbuyermaychoosetoorderpowerwindows,cruisecontrolandaradiowithaCDplayer.Pricingtheseoptionsisastickyproblem.Carcompanieshavetodecidewhichitemstoincludeinthebasepriceandwhichtoofferasoptions.BMWsbasiccarscomefamouslyunderequipped.Typicallythe318iisaboutDM40,000,butthecustomerthenhastopayextraforaradio(pricesvary),electricwindows(DM700),sunroof(DM!

,800)andsecuritysystem(DM1,100).Thebasicmodelisstrippedofsomanycomfortsandconveniencesthatmostbuyersrejectit.Thepayforextrasorbuyabetter-equippedversion.Morerecently,however,AmericanandEuropeancarmakershavebeenforcedtofollowtheexampleoftheJapanesecarmakersandincludeinthebasicpricemanyusefulitemspreviouslysoldonlyasoptions.Theadvertisedpricenowoftenrepresentsawell-equippedcar.

(3)CapLive-ProductPricing

Companiesthatmakeproductsthatmustbeusedalongwithamainproductareusingcaptive-productpricing.Examplesofcaptiveproductsarerazors,camerafilmandcomputersoftware.Producersofthemainproducts(razors,camerasandcomputers)oftenpricethemlowandsethighmark-upsonthesupplies.ThusPolaroidpricesitscameraslowbecauseitmakesitsmoneyonthefilmitsells.AndGillettesellslow-pricedrazors,butmakesmoneyonthereplacementblades.Cameramakersthatdonotsellfilmhavetopricetheirmainproductshigherinordertomakethesameoverallprofit.

(4)By-ProductPricing

Inproducingproeessedmeats,petroleumproducts,chemicalsandotherproducts,thereareoftenby-products.Iftheby-productshavenovalueandifgettingridofthemiscostly,thiswillaffectthepricingofthemainproduct.Usingby-productpricing,themanufacturerwillseekamarketfortheseby-productsandshouldacceptanypricethatcoversmorethanthecostofstoringanddelivering;them.Thispracticeallowsthesellertoreducethemainproduct'spricetomakeItmorecompetitive.By-productscaneventurnouttobeprofitable.Forexample,manylumbermillshavebeguntosellbarkchipsandsawdustprofitablyasdecorativemulchforhomeandcommerciallandscaping.

Sometimescompaniesdon'trealizehowvaluabletheirby-productsare.Forexample,mostZoosdon'trealizethatoneoftheirby-products–theiroccupants'manure-canbeanexcellentsourceofadditionalrevenue.ButtheZoo-DooCompostCompanyhashelpedmanyzoosunderstandthecostsandopportunitiesinvolvedwiththeseby-products.Zoo-Dolicensesitsnametozoosandreceivesroyaltiesonmanuresales.'Manyzoosdon'tevenknowhowmuchmanuretheyareproducingorthecostofdisposingofit,'explainspresidentandfounderFierceLedbetter.Zoosareoftensopleasedwithanysavingstheycanfindondisposalthattheydon'tthinktomoveintoactiveby-productsales.However,salesofthefragrantby-productcanbesubstantial.Sofarnoveltysaleshavebeenthelargest,withtinycontainersofZooDoo(andeven'Love,LoveMeDoo'valentines)availablein160zoostoresand700additionalretailoutlets.Forthelong-termmarket,Zoo-Doolookstoorganicgardenerswhobuy15to70poundsofmanureatatime.ZooDooisalreadyplanninga'DungoftheMonth'clubtoreachtheselucrativeby-productmarkets.

(5)Product-BundlePricing

Using,product-bundlepricing,sellersoftencombineseveraloftheirproductsandofferthebundleatareducedprice.Thustheatresandsportsteamssellseasonticketsatlessthanthecostofsingletickets;hotelssellspeciallypricedpackagesthatincluderoom,mealsandentertainment;computermakersineludeattractivesofwarepackageswiththeirpersonalcomputers.Pricebundlingcanpromotethesalesofproductsthatconsumersmightnototherwisebuy,butthecombinedpricemustbelowenoughtogetthemtobuythebundle."

Inothercases,product-bundlepricingisusedtosellmorethanthecustomerreallywants.Obtainingatickettoanexclusivesportseventisdifficult,butWorldCupfootballfinalsticketsareavailabletopeoplewillingtobuythembundledwithasupersonicConcordeflight.

3.Price-AdjustmentStrategies

Companiesusuallyadjusttheirbasicpricestoaccountforvariouscustomerdifferencesandchangingsituations.Sevenprice-adjustmentstrategics:

discountandallowancepricing,segmentedpricing,psychologicalpricing,promotionalpricing,-valuepricing,geographicalpricingandinternationalpricing.

(1)DiscountandAllowancePricing

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