Pricing Strategies of Ambo Mineral Water from Producer and Sellers Perspectives’
Abstract
The study was conducted on “Pricing strategies of Ambo Mineral Water from producers and sellers’ perspectives’’ and a data was collected from sellers of Ambo Town West Shoa Zone Oromia Regional State. The main objective of the study is to see the pricing strategies of Ambo Mineral Water and the scope is delimited to sellers of Ambo Mineral Water found in Ambo Town. The sample size was determined based on the maturity strategies which more used when the responses of the respondents are redundant. Accordingly, the study is used sample size up to 54 to see the facts. To analyze the collected data the study used descriptive statistics for all parties of the study. The last section presents the conclusions and recommendations directed to the respondents. In conclusion, all the respondents have one or two pricing strategies and this implies that the respondents have more knowledge on the pricing strategies. Therefore, it is more essential to recommend all the respondents must have the right pricing strategies according to their offerings based on the customers’ sensitivity.
References
Avlonitis, G. J., & Indounas, K. A. (2004). The impact of market structure on pricing objectives of service firms. Journal of Product & Brand Management.
Brassington, F. & Pettitt, S. (2003). Principles of Marketing, 3rd ed., Pearson Education, Harlow.
Brennan, R., Canning, L., & McDowell, R. (2011). Analyzing facts on pricing decisions.
Berry, L. L., & Yadav, M. S. (1996). Capture and communicate value in the pricing of services. MIT Sloan Management Review, 37(4), 41.
du Plessis, E., & Saayman, M. (2011). Factors influencing pricing in the accommodation sector in South Africa. The Southern African Journal of Entrepreneurship and Small Business Management, 4(1), 24-47.
Haron, A. J. (2016). Factors influencing pricing decisions. International Journal of Economics & Management Sciences, 5(1), 1-4.
Islam, K. M. A. (2016). Factors influencing consumers purchase decision: a case study of Pantene shampoo. Indian Journal of Science, 23(88), 910-923. Retrieved from https://discoveryjournals.org/science/current_issue/2016/A74.pdf
Kotler, P. (2010). Marketing: An introduction. 10th ed. New Jersey, Prentice Hall.
Kotler, P., & Armstrong, G. (2001). Principles of marketing: Activebook 1.0. Upper Saddle River, NJ: Prentice hall.
Kurtz, D.L., & Clow, K.E. (1998). Services Marketing, John Wiley & Sons, New York, NY.
Langeard, E. (2000, June). Specificity of the pricing policy in service activities. In Innovations Perspect. Internat. Res. Seminar in Service Management, La Londe Les Maures, France (pp. 243-256).
Lee, K. S., & Ng, I. C. (2001). Advanced sale of service capacities: A theoretical analysis of the impact of price sensitivity on pricing and capacity allocations. Journal of Business Research, 54(3), 219-225.
Lovelock, C. H., & Lovelock, C. H. (1996). Services marketing (p. 29). Upper Saddle River, NJ: Prentice Hall.
Mastrobuoni, G., Peracchi, F., & Tetenov, A. (2014). Price as a signal of product quality: Some experimental evidence. Journal of Wine Economics, 9(2), 135-152.
McCarthy. (1960). Principles of Services Marketing, McGraw- Hill, London.
Monroe, J. C. (2003). The dynamics of state formation: The archaeology and ethnohistory of pre-colonial Dahomey. University of California, Los Angeles.
Nagle, T., & Hogan, J. (2007). Is your sales force a barrier to more profitable pricing… or is it you?. Business Strategy Series.
Naipaul, S., & Parsa, H. G. (2001). Menu price endings that communicate value and quality. Cornell Hotel and Restaurant Administration Quarterly, 42(1), 26-37.
Rao, A. R., & Monroe, K. B. (1996). Causes and consequences of price premiums. Journal of Business, 69(4), 511-535.
Shipley, D., & Jobber, D. (2001). Integrative pricing via the pricing wheel. Industrial Marketing Management, 30(3), 301-314.
Copyright (c) 2020 Negash Geleta Etana
This work is licensed under a Creative Commons Attribution 4.0 International License.