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Thursday, September 17, 2020

Price - Market mix

How did you work out what price you were going to sell your product/service at?

We worked out our product\sevice price because we asked the victims/teachers what the price should be, and also discussing to our group to vote on what the average price the teachers said. 

How will you ensure that your product is worth the price you are asking people to pay (quality control)?

Our product/service is worth it because we added a prize which is a bag of lollies but only if you hit the teacher, and plus you will get revenge/fun at the same time from the experience its a win, win.

What price are others (B&E group/real-world business) charging for the same good (use a table to show this)?


Group

Price

Fundraising games$2 for 3 throws
Unknown$3.50 for 3 throws 
Unknown$4.00 for 3 throws

Our group Price is

$1 for 1 sponge throw

$2 for 2 sponge

$2.50 for 3 throws


What else will you consider when it comes to the price of your product?

I'll say that the 3 throws are 50c cheaper than the $3 making it also worth the while.


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