[ORDER SOLUTION] The Pricing Strategies

add references….Chapter 9, Application Problem 2The following paragraphs provide a description of the competition between Home Depot and Lowe’s on selling flowering plants:41 41 Miguel Bustillo, “The Garden Gloves Come Off—Big Box Retailers Battle to Engineer Prettier, Sturdier, Longer-Lasting Blooms,” Wall Street Journal (Online) April 27, 2011.In the spring Home Depot and Lowe’s engage in an annual arms race to engineer and develop new scientifically altered versions of common flowering plants that are designed to bloom brighter or withstand neglect longer. The goal in particular is “to sell something the other guy doesn’t.”Home Depot is the world’s largest home-improvement chain with $68 billion in annual revenue, while Lowe’s is the second-largest with $49 billion in annual revenue. Although spring is the peak selling season for all merchandise, plants and trees are used to entice consumers into the stores.Analysts estimate that for every dollar customers spend on plants, they spend $3 on accessories such as hoses, shovels, and gloves. Both companies employ weather forecasters to advise them on when plants should appear in stores in different parts of the country.Lowe’s uses a team of Ph.D. horticulturalists to choose among a thousand possible blooms developed by breeders around the world. After determining how the plants grow in different climates, the growers test mass production of hundreds and then thousands of plants. Both retailers try to secure exclusive rights to popular new varieties, although sometimes they are exclusive in name only.Lowe’s uses a greenhouse complex in Huntersville, NC to grow plants and conduct consumer focus groups where customers can identify the flower varieties they most admire. Home Depot uses another greenhouse complex in Mills River, NC, two hours west, for the same purpose.Discuss how the oligopoly models presented in this chapter apply to the behavior of Home Depot and Lowe’s.Chapter 10, Application Problem 3The following discussion pertains to the pricing policies of Linear Technology Corp.:65 65 George Anders, “In a Tech Backwater, a Profit Fortress Rises,” Wall Street Journal, July 10, 2007.The semiconductor industry Linear Technology Corp. has maintained strong profitability by operating at the fringes where competition is low and margins are high.This midsize company makes 7,500 arcane, unglamorous products that solve real-world problems for a long list of customers, including analog chips that are too cheap for customers to haggle over, but perform chores too important to ignore. Many of Linear’s chips cost less than 50 cents to build and sell for three to four times as much, but customers seldom complain about the markup.Linear made a 39% profit on its $1.1 billion sales in 2006, more than five times the average for U.S. industrial companies. However, other bigger chip makers, including Texas Instruments Inc., Richtek Technology Corp. of Taiwan, and Freescale Semiconductor Inc. of Austin, Texas, are now moving into the market and others may follow suit. Unlike in the digital chip world, in which a single winning design bought by a few big customers can yield huge profits, Linear would rather see its order book packed with small to midsize orders from companies too busy to haggle over prices. Intermec Inc., which makes mobile data scanners, uses Linear chips to obtain extra life from its devices’ batteries. The chips’ total cost is less than 5% of the materials budget. Performance is crucial for this company; price is not.Traditionally the dozen or so major analog chip companies have tiptoed around one another’s product lines, helping keep profit margins high. Each company established its strength decades ago, making it easy to extend existing product families and deepen relations with longtime customers. “We chip away a little at each others’ specialties,” says Jerald Fishman, chief executive of Analog Devices. “But there isn’t a lot of direct competition.”a. Discuss how price elasticity of demand influences the pricing strategies of Linear Technology Corp. What market model best describes this industry? Explain.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
[ORDER SOLUTION] The Pricing Strategies
Get a 15% Discount on this Paper
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Social Work and Human Services
Thank You!
Customer 452587, November 17th, 2021
Nursing
Thanks
Customer 452521, May 13th, 2021
Human Resources Management (HRM)
Thank you so much for your time.
Customer 452701, September 5th, 2023
Nursing
Always on time and a life saver for sure!!!!!!!!!!!!
Customer 452453, October 22nd, 2021
Classic English Literature
Nicely done. Ty. Worth every penny.
Customer 452455, June 6th, 2021
Other
Great
Customer 452813, January 21st, 2024
ENVIRONMENT SCIENCE
EXCELLENT
Customer 452813, June 19th, 2022
Psychology
I was disappointed because I didn't receive my order on time but I'm thankful to have it.
Customer 452775, December 4th, 2023
Other
great
Customer 452813, June 25th, 2022
Other
great
Customer 452813, July 5th, 2022
Nursing
I appreciate all the hard work. Thank you!
Customer 452525, August 13th, 2021
Nursing
Great paper!
Customer 452707, July 1st, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information

NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now