D) the likelihood that consumers will make an immediate purchase decision
E) the persuasive nature of television commercials
Haley and Lauren, who recently graduated with MBAs, are opening a new shoe
boutique called The Pampered Soul in Hattiesburg, Mississippi, which is classified as a
Metropolitan Statistical Area (MSA) with more than 100,000 people. It’s also home of
The University of Southern Mississippi. Haley and Lauren will offer national brands of
shoes that are not available in the department stores in the mall, and their primary target
market will be women ages 18 to 35. They’ve rented a location on the main street in
front of the USM campus. The owners realize that most of their business will come
from within a five-mile radius and want to limit their advertising to those potential
customers. They have a modest budget for advertising, so they want to get as much out
of it as they can.
Haley and Lauren are trying to figure out how many people will see their newspaper
advertisements. They saw that the Hattiesburg American had very different numbers for
readership and circulation. Why is that?
Which pricing strategy uses marketing communication to manipulate the customer’s
judgment of value?
A) psychological pricing
B) true pricing