This is just for something on a college marketing course project. My team's product is Nicotine patches WITH Viagra.
Now, I was just wondering for all the older smokers out there, pretend that this product actually existed. How should it be priced so that smokers would choose this product over....say Nicoderm and the other brand names.
Do you think we should price it more than competitor's price because we have Viagra injected into the patch where nobody else has it? Should we price relatively competitive with other competitors? OR should we price it below other competitors to create awareness?
Would you careless about trying to quit if it was priced way too high??
Feel free to add any other ideas or suggestions as to how we should price this product, the more input we can get from you, the better it is.
As well, please include your demographics ( gender, age, occupation, location, etc...) as it will help us understand how different people will view this product.
Tags: