Reduce Price to Improve Revenues and Margins
CHOICE 3: USE COMPONENTS OF PRICE TO FURTHER LIMIT THE SPREAD OF THE LOWER PRICE
C. Change the List Price
No. | SIC | Year | Notes |
1 | 2844 | 1992 | Colgate copied P&G's upright toothpaste dispenser 1.5 years later. Colgate's upright sells for 15% less than P&G's neat-squeeze and 15% premium to regular tube. |
2 | 3711 | 2005 | In response to a successful initiative by General Motors, Ford Motor Co. and Chrysler began offering employee discounts to the general public, popular models which sell well without hefty reductions were excluded. |
3 | 4931 | 2000 | Essential.com offers to sell utilities at lower rates than can be generally found elsewhere by aggregating customers. New England Electric System sells electricity through Essential at 10% below competitors' prices. |
4 | 5141 | 1997 | Frequent shopper cards allow grocers to offer discounted items only to loyal customers. |
5 | 7900 | 2009 | Some discounts occur around occasions. Northstar at Tahoe ski resort offered a $25 tax relief ticket. This ticket saved the skier $54 and allowed the owner to ski or ride on Wednesday, April 15, for that low price. |
<< Return to Choice 3 Directions