Wednesday, May 25, 2016

Price

"Price is the sum of all the values that customers give up in order to gain the benefits of having or using a product or service." (Marketing: An Introduction p.275) Price is a touchy subject when looking at any product, the price shouldn’t be too daunting for a consumer that may be interested in your product. For Guyros our product will mostly be sold in bars and sports bars/restaurants. “Smart managers treat pricing as a key strategic tool for creating and capturing customer value.” (Marketing: An Introduction p.274). When evaluating the price for Guyros I was thinking about a price that is closer to that of an appetizer you’d see at a restaurant. 

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