Buy custom Economics - Product Pricing & Costs
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1551 |
Essay's paper body
Some name brands are Dasani, Geyser, Natural Springs, Evian, and Aberfoyle. Currently Aquafina water is the most advertised, and the most consumed bottle of water. To stay ahead, Aquafina should employ the four P's:
Price- Make sure that the price is the lowest in can be.
Place-Make sure the product is in the right stores, on the right aisles, and on the right
Shelves...
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If the input cost increases, the firm can (1) absorb the higher costs by keeping its prices steady and accepting a lower profit level, (2) pass on at least some of the higher costs by raising the price of products, or (3) adjust its production process and employ fewer units of the higher cost input by substituting one or more other inputs...
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