Reduce Price to Improve Revenues and Margins

CHOICE 1 OBJECTIVE: ATTRACT CUSTOMERS

CHOICE 2 SEGMENTS: RELATIONSHIP RENEWAL SEGMENT / CUSTOMERS CHANGING PRODUCTS

CHOICE 3 COMPONENT: OFFER A TRADE-IN ALLOWANCE

No. SIC Year Notes
1 2893 2004 Customers buy refilled cartridges for a fraction of what they'd pay for a new one. Those who trade in their old cartridges get a bigger discount.
2 3571 2002 Distributors and manufacturers are offering discounts and special promotions to move cell phone and handheld computer combos off of the shelves and into briefcases. Handspring Inc. offers a trade-in program that takes $100 off the Treo which sells for $399.
3 3751 2009 The deal: Buy Sportster, ride for 1 year and get full retail value on trade in for a bigger bike. This offer applies to the current titled owner ("owner") of a MY 2007, 2008 or 2009 Sportster 883 or 1200 ("qualifying existing motorcycle") as of December 25, 2008. The owner of a qualifying existing motorcycle has the option to trade in the qualifying motorcycle from December 26, 2008 through March 31, 2009, value towards the purchase of a Harley Big Twin.
4 5331 2009 Coaxing consumers back into the habit of paying full price is a crucial challenge for the luxury goods business. To avoid directly discounting merchandise, Neiman has resorted to marketing tricks. It offered a $500 gift card for those who donated "gently worn" suits to charity.
5 7372 1992 Lotus software can be purchased for $99 as part of a trade in–less than one third of price of new software. Trade-ins help customer retention.

<< Return to Choice 3