Reduce Price to Improve Revenues and Margins
CHOICE 1 OBJECTIVE: RETAIN CUSTOMERS
CHOICE 2 ISOLATE SEGMENTS: TARGETED COMPETITOR SEGMENT
CHOICE 3 COMPONENT: OFFER A CALL
No. | SIC | Year | Notes |
1 | 2834 | 2006 | Merck & Co. has made a series of deals with managed-care companies to keep Zocor, its best selling drug, in consumers' medicine cabinets at generic prices. Blue Shield of California put Zocor on its first tier after its agreement with Merck and told its 2.7 million commercial members that it wouldn't reimburse them for the generic version of the drug at all. UnitedHealthcare Inc. moved Zocor to its cheapest first tier, usually reserved for generic drugs, and put simvastatin on its third tier. |
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