M.Hassaan Khalid: Analysis On Skimming and Penetrating Pricing Strategy
M.Hassaan Khalid: Analysis On Skimming and Penetrating Pricing Strategy
M.Hassaan Khalid: Analysis On Skimming and Penetrating Pricing Strategy
HASSAAN KHALID
---------------------------------------------------------------------------------------------------------------------------
Assignment Principal of marketing
Sir Naveed Ahmad
QUESTION NO #1
Analysis:on Skimming and Penetrating Pricing
strategy
What is Skimming
Pricing skimming is product pricing strategy by which a firm charges the highest initial
price that customers will pay and then lowers it over time.
What is Penetration
Penetration pricing is a marketing strategy used by businesses to attract customers to
a new product or service by offering a lower price during its initial offering. The lower
price helps a new product or service penetrate the market and attract customers away
from competitors.
SAMSUNG►
INTRODUCTION►
Samsung Electronics Co., Ltd. is a South Korean global hardware organization
headquartered in Suwon, South Korea • Samsung has for quite some time been a
significant producer of electronic segments, for example, lithium-particle batteries,
semiconductors, chips, streak memory and hard drive gadgets • It is presently one of
the world's biggest makers of cell phones and cell phones powered by the notoriety of
its Samsung Galaxy line of gadgets.
PRICE STRATEGY OF SAMSUNG:
Estimating is one of the significant issues in showcasing as it requires understanding
the item and understanding the market. Samsung is confronted with exceptionally
rivals by others in the market like Apple, HTC, and oppo, Nokia among others.
Samsung embraces an estimating technique that is winning. Samsung has not been so
famously before however have embraced procedure in showcasing to expand its
prominence in the Smartphone advertise. Toward the finish of 2016, it drove the cell
phone showcase with a portion of 21.2% contrasted with 22.3% in 2015. Samsung
despite everything drives the cell phone to advertise in 2020
Skimming Pricing Strategy of Samsung
Samsung also a big popular brand thats why its again using Skimming
method
It is planned for expanding benefits by charging a more significant expense at first
to the principal clients. With time the cost is brought bit by bit down to draw in
more customers to buy it. Organizations will utilize this system to benefit from
those purchasers that have the desire of spending on an item that has front line
innovation.
Samsung items in the market are genuinely serious and are truly outstanding in
the market. That being the situation, Samsung utilizes a value skimming
estimating methodology to get the best incentive for its items. In practically all
cases, it is the first to dispatch new cell phone items. Samsung does this at an at
first more significant expense before the contenders really get up to speed. The
organization will in the end bring down the cost. The different systems that can be
utilized to advertise, for example, concentrated conveyance, specific
dissemination, elite appropriation, and diversifying, nearby different parts of the
promoting blend. Samsung items are made accessible in the market through
fluctuated methods for appropriation. Samsung executes the dissemination by
taking a shot at an idea of channel promoting with the accompanying fragments;
deals and administration vendors, present-day retail, and wholesalers.
Skimming pricing is utilized when an item, which is new in the market or just
propelled, is sold at a generally significant expense in view of its
uniqueness, benefits to clients, or its present Wow factor. Be that as it may,
gradually when the item gets more established in the market, at that point the
cost is dropped and the item is brought at competitive valuing. Skimming permits
the firm to modify and refresh its costs with expanded rivalry bringing about a
diminished cost so as to pull in more shoppers. Pakistani market bolsters this
skimming system energetically.
My Opinion:
No other opinion is that Skimming is best pricing strategy,because
big brands faces competitors not other problems like decrement in their brand
name,thats why penetration strategy is not suitable for that like brands.Samsung
gernally using skimming in Pakistan and also 2nd or 3rd world countries respectively.
OPPO►
INTRODUCTION:
Oppo Electronics Corp. is an electromagne#c manufacturer from China, based
in Guangdong, founded by Tony Chen in 2004. Oppo entered the mobile phone market
in 2008 and entered the Vietnamese market. Male in 2013. With a focus on China and
Southeast Asia market, Oppo confidently upholds the desire to "surpass" big Samsung
and Apple in this market and reach out to the world.Since penetrating into the mobile
phone market, Oppo constantly applies the latest technologies, the best quality and
the most user-friendly products. Oppo is a registered trademark in 140 countries
around the world, providing customers with products that are highly appreciated by
many leading experts
PRICE STRATEGY OPPO:
The price of OPPO mobile phones ranges from 20,000 RS.to 1 lakh Rupees standing in
the mid-range and high-end prices. Among the same products in the mobile industry,
the price of OPPO mobile phones is comparatively higher. Different series are priced
differently. Series A mobile phones are priced between RS 20,000 TO RS 70,000 while
Series R mobile phones are priced between RS 70,000 to RS.1 lakh. In terms of the
overall price strategy, the prices of OPPO mobile phones are unified across the country
and are strictly regulated.
Skimming pricing strategy of Oppo:
Oppo company is also one of the bestselling brands in Pakistan but it also has its
drawbacks and Oppo company cannot afford to do skimming because there are other
companies who are available in competing price and technology, and it would be a bad
idea to do skimming knowing their state and cannot afford to do skimming with their
current competitors
There’s no doubt that Oppo is rising in the market very fast but there are not able to
produce a Smartphone that they can do skimming with.
Oppo company don’t met with conditions for the skimming strategy for pricing.
Penetration pricing strategy of Oppo:
Oppo gradually working with penetration strategy because oppo want to take part in
Pakistan big technology or smartphone markets so penetration is only a ways to make
a brand name in Pakistan
Penetrating pricing strategy is the best for Oppo because they want to get a hold of
the market that’s why Oppo company is penetrating pricing strategy and they met the
condition for it in this way they can get the most of the market costumers and increase
their production and sales this is the best way for Oppo to earn their trust among
people by lowering the price of the Smartphone they can penetrate in the market.
My opinion:
Oppo should use penetrating strategy
This is a good method for Oppo►
The reason I think Oppo should use this method because they are doing well in
the Pakistani market and are leading market shareholder. They are producing
Smartphone at affordable prices for the low income to middle income people.
Oppo is not a big game like Apple I-Phone and Samsung that’s why the need to
use penetrating strategy pricing.
-----------------------------------------
QUESTION NO #2
COCA-COLA►
MEDIA PLANNING OF COCA-COLA:
INTRODUCTION►
Coca-Cola place its advertisements in every driving magazine too for example
Sunday magazine, Akhbar-e-Jahan, libas, mag, and so forth
Newspapers are one of the most well known types of media promoting that is
broadly utilized by Coca-Cola. Coca-Cola Company is one of the organizations
that has featured media ad in its prior stages, and at this point the organization
has been occupied with media publicizing for over 100 years.
.
ONLINE MEDIA►
Internet is another stage where the different types of Coca-Cola notices are set. In
particular, the brand's online notice is attempted through the broad utilization of
standards, spring up promotions, on-location sponsorships, and different types of
online ads in a great many sites alongside the globe. There are likewise different
gatherings and sites committed to Coca-Cola fans, where clients can share their
accounts including Coca-Cola.
• YouTube
• Google Plus
Conclusion:
Coca-Cola no uncertainty go to the heartbeat of Pakistanis. Coca-Cola is one of
the pioneers in supporting the most significant, exciting occasions. For example
Cricket matches, shows, and numerous other social events. The occasion at the
current they are sorting out a Basant celebration for which they hectically
arranging stuff.
PEPSI►
INTRODUCTION►
Pepsi is a carbonated soda pop that is delivered and fabricated by PepsiCo. Made and
created in 1898 and presented as "Brad's Drink", it was later renamed as Pepsi-Cola on
June 16, 1903, at that point to Pepsi in 1961.
Pepsi cola is one of the biggest soda pops enterprises which work in Australia. The
principal results of the organization involve distinctive sodas brand including Pepsi,
Pepsi light, Pepsi Max, 7UP, Diet without 7up, caffeine Pepsi light, Mountain dew.
Print ads will be promotions that are printed by organizations and distributed in
papers, magazines, leaflets, and flyers.
Pepsi attempts and print advertisements in every single driving paper including The
down, Jung, nawa-I-waqt , Daily News, Daily Times, Daily Express, khabrain and papers
too
Pepsi place its promotions in every driving magazine too for example Sunday
magazine, Akhbar-e-Jahan, libas, mag, and so on.
Effective words:
Pepsi always create a brand slogan to remember its name
in public mind like in Pakistan a very famous is "Dunya hai Dill walon ki".This
time of slogan create a big impact of brand on people minds.
OUTDOOR ADVERTISING►
Pepsi tries and advertise in all Pakistani channels including GEO, HUM ARY,
INDUS, TV ONE, HBO, etc Pepsi also plays its ads on local channels like
PUNJAB TV and RADIO.
SURF EXCEL►
INTRODUCTION►
Surf Excel Surf Excel, launched in 1948 under the brand name 'Surf' in Pakistan and in
1959 propelled in India as a first cleanser powder. At first, the brand was situated on
the spotless suggestion of "washes whitest". In any case, with the development of
various nearby cleanser producers and the section of other worldwide brands, Surf
Excel experienced different changes in its Brand Communication. This is in accordance
with the worldwide correspondence foundation of Dirt Is Good, which is a
correspondence methodology of Unilever for its top-notch cleanser items, sold under
different brand names, for example, Omo In Brazil, Persil in UK and Skip in France,
Greece, Spain and Portugal. A portion of the other significant cleanser results of
Unilever in India are Rin and Wheel.
ADVERTISEMENT►
The greater part of the correspondence is finished with the assistance of
youngsters through slogan Dirt is acceptable.
• Media ad financial plan is around PKR 40, 000,000 of every 2012, which was
PKR 27,939,217 out of 2009. • 70 % of the individuals who use Surf Excel
unmistakably reviewed the various advertisements.
• 30% of the Surf Excel respondents said that the organization satisfies the
cases made in promotions, 52% said that somewhat they satisfy claims made in
advertisements, and the staying 18% said that they don't satisfy claims. 40.
Spotlight: Dirt is acceptable 41. Incorporated Marketing Communication 42.
Advertising 43. I'm Paid to Learn Educating 2300 Child Workers In Pakistan 44.
Learning through Play