· Submit the assignment to this dropbox in the following format: o Word or PDF file o no more than 2 pages o double spaced o 12pt font Grading guide: · Submission that follows the required format - 5...

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· Submit the assignment to this dropbox in the following format:


o Word or PDF file


o no more than 2 pages


o double spaced


o 12pt font


Grading guide:


· Submission that follows the required format - 5 points


o (see above for format)


· Accurate identification of the most profitable price point - 5 points


o to receive full credit this must be accurate to the penny


· Accurate identification of the price point that maximizes dollar sales to retail - 5 points


o to receive full credit this must be accurate to the penny


· Accurate identification of the price point that maximizes unit sales - 5 points


o to receive full credit this must be accurate to the penny


· Explanation of channel trends as a result of each price point (5 points each = 15 points)


o Channel trends MUST be provided as explained in class (see video for additional explanation)


· Giving your recommendation and providing a sound and thoughtful strategy for the reco - 10 points


· Style and presentation (you are giving this report to your CMO) - 5 points


o Papers turned in with Name/date/assignment name at top (or anything that resembles an assignment instead of a professional document) will receive zero style points


o Write the paper as if it were being presented to your CMO - meaning make sure to "setup" the scenario instead of just jumping straight into the prices


o Make it visually appealing - separate/indent paragraphs, use headers, bold and italicize words/numbers you want to draw the eye to, etc.


o The ultimate goal with style is to make it EASY TO READ by your very busy CMO who doesn't want to struggle with reading your report

Answered 8 days AfterFeb 11, 2022

Answer To: · Submit the assignment to this dropbox in the following format: o Word or PDF file o no more than 2...

Deblina answered on Feb 14 2022
107 Votes
Last Name:        5
Title: Price Optimization Report
Contents
Price Optimization Report    3
Profitable Price Point    3
Max
imizing Dollar Sales Price Point    4
Price Point that maximizes Unit Sales    4
Price Optimization Report
Price optimization solutions reflect the ability to interpret consumer behavior that is increasingly significant for determining the dramatic changes in consumer behavior. Particularly the omnichannel nature of customers' shopping is significant to determine by the retailers' ability to price items in different channels. Moreover, it is evident that because of the varying cost structures of different sales channels the prices are different in different channels. This creates confusion among the customers and consequently takes a negative view of retailers' prices depending upon the prices. It is also evident that consumers have diesel-like cross-channel price disparities. Hence, there should be a close similarity between the prices charged in the different channels.
Profitable Price Point
Profit prices are the prices that are attractive for the customers while generating the maximum possible profit for the business. If we consider...
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