Recommended Price Point And Price Strategy - 550 Words

What Is The Recommended Price Point And Price Strategy In The New Market? (Coursework Sample) Content: PRICE POINT AND PRICING STRATEGIES FOR PLASTIC REVOLUTIONSSTUDENTS NAMETUTORS NAMECOURSE TITLEINSTITUTION NAMEDATERecommended price for one ton of the recycled plastics in the new marketsThe table below shows the current market price from March to June 2016 in dollarsScrap Value Per Ton Month PET Plastic HDPE Plastic LDPE plastic PP plastic Ps Plastic Other Plastic March 2016 $177.98 $196.10 $20.79 $7.06 $5.56 $18.74 April 2016 $181.93 $241.72 $8.70 $4.49 $5.93 $18.14 May 2016 $194.58 $278.24 $50.00 $10.83 $15.78 $10.61 June 2016 $198.76 $305.70 $0.81 $7.68 $25.88 $83.42 Recommended Price point for the new marketScrap Value Per Ton Month PET Plastic HDPE Plastic LDPE plastic PP plastic Ps Plastic Other Plastic June 2016 $188.31 $255.44 $20.08 $7. 515 $13.20 $18.20 Basing on the current market price for the last four months, a price that includes the average for the last four months is the best price for the new market. It is a normalized price that has been verified b y the already existing market making its suitability to the new market valid.Pricing StrategiesA pricing strategy really matters. Increasing profits is always a goal and dream for every company. This could be done by adjusting the existing price strategies on the products and services we provide, being able to squeeze that extra revenue with little efforts.Plastic revolution should adopt a price strategy that is right for the company and also suits its customers. It should use the price calculator which incorporates these five factors: 1 Price and availability of substitute productsDoes the product have any substitute? If any, how are they priced? 2 Characteristics relative to competitorsThe features that the company offers that competitors do not; the vice versa should apply too. Are the cus...