Tutor Quora

BUSN332 Business Strategy

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

BUSN332 Business Strategy

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

BUSN332 Business Strategy

0 Download3 Pages / 522 Words

Course Code: BUSN332
University: Centennial College

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Canada

Questions:
1.How would you define a non-pricing strategy? What does this mean for a company?2.Explain why a company would use a non-pricing strategy.3.Identify an example of a business strategy that could potentially bring in business for a small business.4.Explain why you feel this particular business strategy would encourage new business.
Answers:

1.A non-pricing strategy is a strategy that is non-financial in nature. These are the strategies related to advertising, the extension of the existing warranties, leave structures of the company and other such strategies. This is basically very essential for the companies that are involved in the oligopolistic business.
This is because in that business scenario there are many few or more than few sellers who are selling the similar kinds of products. As a result of which the customers have the chance of switching over to another option.
So, in order to develop customer loyalty, the companies can use in pricing methods like the advertising, selling strategies, sales promotion, and many other such activities. All these help to attract the attention of the customers (Nagle & Müller, 2017).
2.A company must have the non-pricing strategy so that they can stay in the proper competition and attract the attention of the customers. They use the non-pricing strategies so that they can provide their customers with things that will not be available in any company other than them. For an instance, an early childcare center can use non-price strategies like increased customer care services, sales promotional activities and many other such actions (Hill, Jones & Schilling, 2014). The Grove Academy is one of the well-known child care centers in Australia that works not only for the education of the children but for educating and supporting their families as well. They develop many family development programs where they include the family training sessions and other such qualities. 3.A small business must be having proper sales promotion and advertising strategy. A small-scale business usually does not have a good hold in the market (Hinterhuber & Liozu, 2017). So it is possible for the other companies to outrun them in the business. So, the best way for them is to make the customers know about their market presence. It is for this reason that they have to develop many strategies that can help them gain a good recognition in the market.
4.This business strategy will encourage new business because they will be attracting many new stakeholders (West, Ford & Ibrahim, 2015). This is because they need to enter into many different kinds of partnerships in order to gain recognition among the customers. For an instance, an organization producing food might get into collaboration with a café chain in order to attract different groups of customers. This is how they can start a new business of coffee, chocolate shake, and other such beverages. This will also help in increasing their brand recognition and they will be able to attract the attention of customers.
References
Hill, C. W., Jones, G. R., & Schilling, M. A. (2014). Strategic management: theory: an integrated approach. Cengage Learning.
Hinterhuber, A., & Liozu, S. M. (2017). Is innovation in pricing your next source of competitive advantage? 1. In Innovation in Pricing (pp. 11-27). Routledge.
Nagle, T. T., & Müller, G. (2017). The strategy and tactics of pricing: A guide to growing more profitably. Routledge.
West, D. C., Ford, J., & Ibrahim, E. (2015). Strategic marketing: creating competitive advantage. Oxford University Press, USA.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 3 pages

PAY 2 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Business Strategy. Retrieved from https://myassignmenthelp.com/free-samples/busn332-business-strategy/non-pricing-strateg.html.

“Business Strategy.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/busn332-business-strategy/non-pricing-strateg.html.

My Assignment Help (2021) Business Strategy [Online]. Available from: https://myassignmenthelp.com/free-samples/busn332-business-strategy/non-pricing-strateg.html[Accessed 18 December 2021].

My Assignment Help. ‘Business Strategy’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Business Strategy [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/busn332-business-strategy/non-pricing-strateg.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

If you are wondering how to write a perfect research paper, then come to MyAssignmenthelp.com. We have PhD level writers who have experience in handling various types of research papers. They can guide you on choosing the best research paper topics or with a proper research paper format. And the best part is that you don’t need to spend a lot of money to avail our assistance on research paper writing.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

11174 Introduction To Management

Free Samples 11174 Introduction To Management .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} 11174 Introduction

Read More »