Reduce Price to Improve Revenues and Margins
CHOICE 3: USE COMPONENTS OF PRICE TO FURTHER LIMIT THE SPREAD OF THE LOWER PRICE
D. Change the Optional Components of Price
Offer a coupon
No. | SIC | Year | Notes |
1 | 2676 | 1993 | As Tambrands has been raising prices, Playtex, Kimberly-Clark's Kotex and Johnson & Johnson's o.b. brands have increased promotions. |
2 | 3711 | 1991 | Instead of using a blanket ad campaign to offer rebates, some car companies are mailing offers to specific households that bought their make of cars 3 and 4 years ago. These are people who might delay their normal trade-in because of the recession. |
3 | 4512 | 2002 | Travelers accustomed to travel vouchers handed out freely when a flight was canceled or overbooked may face a different picture. Northwest Airlines limits compensation for domestic flights to a $300 voucher and $750 for international flights. |
4 | 5331 | 1995 | Price/Costco mailed 15.5 million "Passport" coupons, including 2 million sent to nonmembers. The coupons offered such savings as a 25% discount on a $750 fax machine. |
5 | 6021 | 2006 | As rates for home equity lines of credit rise, banks are offering special promotions and rate cuts to ensure consistent demand. Bank of America offered "customer reward" certificates which reduce rates by 0.5 percent. |
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