"When customers buy a product, they exchange something of value (the price) in order to get something of value (the benefits of having or using the product)."
Original Product
|
Price
|
Walkers Cheese and Onion Crisps 32.5g
|
$1.1o
|
Twiglets Pretzels 150g
|
$2.49
|
Mr. Trotter’s Pork Crackling 60g
|
$2.25
|
KP Dry Roasted Nuts 100g
|
$1.92
|
Beer Cheekies will be sold in a 200g sized bag which is a one or two serving size, depending on the customer.
Beer Cheekies Product
|
Price
|
Walkers Cheese and Onion Crisps 25g
|
$0.85
|
Twiglets Pretzels 75g
|
$1.25
|
Mr. Trotter’s Pork Crackling 25g
|
$0.94
|
KP Dry Roasted Nuts 75g
|
$1.44
|
Total= $4.48
Like every other business I need to make a profit. By doing so I will take a 10% profit from each bag sold a ($0.45) profit. This leads to an overall price of $4.93 per bag, or in the United Kingdon the total price would be £ 3.46. "this amount would be too high a price in poor countries and not high enough in rich ones."
"More importantly, as a part of a company’s overall value proposition, price plays a key role in creating customer value and building customer relationships."
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