Reduce Price to Improve Revenues and Margins

CHOICE 1 OBJECTIVE: RETAIN CUSTOMERS

CHOICE 2 SEGMENTS: TARGETED COMPETITOR SEGMENT / STANDARD LEADER PRICE AGAINST ESTABLISHED STANDARD LEADER / AGAINST A TOP TIER STANDARD LEADER

CHOICE 3 COMPONENT: PROVIDE A FREE, OR HEAVILY DISCOUNTED, PRODUCT FROM THE COMPANY, OTHER THAN THE PRODUCT ON SALE

No. SIC Year Notes
1 3711 1990 Faced with price competition, Chrysler officials announced they would offer as standard equipment on the Cherokee several popular options like air conditioning and power steering, effectively lowering its price.
2 3711 1991 To respond to Ford competition, Chrysler started discounting Jeep for the first time, slashing the Cherokee Limited's price by $1,200 and adding discount packages for selected options.
3 7372 1991 Microsoft won't push Excel sales by cut-rate pricing. Borland has used a price-cutting strategy to sell to existing Lotus users. Lotus just launched a pre-emptive strike against Microsoft by offering to give any new buyer of 1-2-3-Release 3.1 a free copy of Ami wp.

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