Pizza Pricing Essay Example for Free

Pizza Pricing EssayPizza brand, famous or not, has been making monetary value strategy to secure to rich person sales and profits to be successful. Pizza sea chantey uses the High/Low pricing strategy which makes them achieve success in the pizza industry. In game/low pricing strategy, a comp each can be allowed to have high prices and later have promotions to be able to have low price in a short-term(Badbreaks). Pizza uses this due to its proper quality. Alongside with pizza hut, other pizza brands were priced according to high/low strategy these were La kilobyte Orange Grocery and Uncle Sals. exactly most likely these two brands sometimes do not can promotions or discounts for its customer. For Dominoes, they were considering the low price strategy where they charge invariable prices. They correct may have promotions to rectify temporary discounts. Dominoes set prices which not merely low as compared to its other competitors but provides salutary quality pizzas. Papa Johns besides set price with regards to low price strategy, they also provide exceptionally good worth pizza with good quality (Scott).Together with price, product, promotion and calculate should be considered alongside with it. Usually these tools were considered as the marketing mixes that were employed to attain satisfaction of customers. Product is give tongue to to be the goods or services one company offers to the consumer. With regards to pricing, price should consider if the product is to be thirstily acceptable in the community. If it assumed to have good impact to society, the price could be of high cost. But it is advisable to have low cost even though not much good product. advancement refers to how the company put into public their goods product, also means how they commercialize the product. Prices can vary in harmony with the cost of promotion or advertisement of the product. Place is said to be the where products are distributed to reach their customers. In busy commercial place, prices should be low because your product may have a good opposition with other products. But in not crowded place, we may set a high price because your product may be a necessity and people will high chance of purchase it (Lake).If I have to come up with my own price strategy, I will design a strategy that sets my prices at not so high cost and requires memberships from customers in order that they can return of discounts from my products. Consumers will be required membership fees so that I can have much income even though discounts were given to members. Non members are to pay the prices set with no discounts. This strategy will fit any company because they were considered to have same value of pizzas.