Marketing Plan - pricing Essay Example | Topics and Well Written Essays - 500 words

merchandise Plan - pricing - Essay ExampleThe article overall was a good read, and provided much appreciation into the paths and steps a company should take when trying to price their item, and how they should expect each different scenario to calculate out for them depending on their pricing actions.2. The item I have chosen is the Nintendo Wii video wager console. temporary hookup it did not create a market in of itself, its blue ocean strategy has changed the video juicy market currently, if not forever. The first two years of its life it was most certainly in the Markey instauration stage, with Nintendo using all sorts of press and a hand on approach to try to get as many people as possible to try out and regard in their new product. straight however it seems to be in the growth stage, with sales numbers skyrocketing unlike anything a video game console has ever seen before. Product is still hard to find in many markets, and public awareness is huge with all the publici ty and good press the system has been getting as of late. I believe Nintendo now needs to prepare for it to continue into its mature stage, and be ready to cut costs or make any other marketing plans for the future of its success video game system.