You run a mobile mechanic business and have the strongest position but the market is very fragmented with competitors. How should you price your services?

 
 
 
 
 
 

In a market with a lot of competitors, you should try to offer innovative new services in order to avoid commoditization, where all services become so similar that the prices are the only thing that differentiates the services.

Other Questions Of This Category

You run a mobile car wash service and have a small operation in a very fragmented market. How should you price your services?

Review: Your company manufactures jewelry and t-shirts related to popular movies and television shows. Your pricing team is reviewing current and recent changes to pricing and business practices.…

The owners of a coffee shop are reviewing their discounts and promotions. Which of the following discounts would cause the shop to lose the most margin due to customers with a higher willingness to…

Two rival companies sell handmade hammocks in a seaside town. Every summer, they compete for the business of tourists by cutting or raising prices. Using your knowledge of the Prisoner's Dilemma,…

Two rival companies sell handmade hammocks in a seaside town. This summer, they've been competing for the business of tourists by cutting or raising prices. Using your knowledge of the Prisoner's…

You own a pet grooming company, and you've just constructed a competitive pricing framework. What conclusions could you draw?

Review: You own a pet grooming company, and you've just constructed a competitive pricing framework. What conclusions could you draw?

In which of the following scenarios would a company best be able to use competitor pricing models?

Book publishing companies offer national retailers special promotions and discounts that they don't offer to independent booksellers. How likely is it that this type of pricing arrangement is a…

Your company has just created a product that tests multiple types of radiation emitted by hospital equipment. While this device is innovative and may replace several other devices that hospitals use,…

Your company manages office supply orders and deliveries for other businesses. You are looking for ways to segment the B2B marketplace. Which of the following strategies should you avoid?

The plumbing company you started is still growing and is the price follower in the market. How should you price your services?

How might Sparkle best evaluate their market position and possible options in the uniforms category for the various customer segments?

Your company makes a market growth phase bicycle pump that is purchased by many customer segments. How might you best price in this market?

Retail clothing stores in Brazil are a rapidly growing market. A popular clothing store chain is trying to increase its profit by offering strategic discounts to its customers. Which of the following…