Answer to Question #216377 in Marketing for ismail khan

Question

Explain which strategy market skimming or market Penetration- these companies use in pricing their products: (a) Savor foods, (b) Orient (television and other home electronics). (c) Ethnics (Clothing & fragrances) (d) Q-Mobile (mobile phone devices). Are these the right strategies for the companies? Tell why or why not? 

Answer 1

Answer

Savor food is a full-service marketing communications agency that is skilled at building brands and increasing sales by developing marketing strategies and executions to facilitate pricing their products. Above all, it involves focusing on selling more of your products such as television and other home electronics and clothing and fragrances and mobile phone devices into the existing market to acquire a higher market share and gain more of your competitors' customers. Therefore, these are the right strategies for the companies since they will help to increase their sales.