Section of a reasearch paper Research Example | Topics and Well Written Essays - 750 words

Section of a reasearch - Research account ExampleAs the TACO restaurant wants maximum exposure for its Street Tacos, it should set a probable price with the sole purpose of getting maximum exposure and space for its Street Tacos in the disposed(p) mart demand for that product. It can happen when the demand for a given product is elastic and the healthy price leave alone lure the customers in great number to purchase it, resulting in change magnituded tax to the restaurant. Other reason of using penetration pricing dodging is the possibility of economies of scale. The reason of using this strategy could be the fear of competitors and a restaurant wants to go ahead with its first mover entry (Pricing scheme 2010).Penetration tactic is used for entering the generic market where competition is high economies of scale atomic number 18 possible. It can decrease the demand of competitor restaurants Street Tacos. At the same time, the TACO restaurant will get another advantage from the penetration pricing by getting a ready market by inducing customers to try other menu items (Pricing Strategy 2010).For the TACO restaurant it is more authorised to capture the maximum market sh are first and then introduce other tactics by offering unique features like no other restaurant is offering. It can add a preserve of distinctness by not putting beans and rice sides on the tacos and charging the same rate, as other restaurants are charging. In stead of rice and bean sides, customers can order almost more items on the menu, which could be a more satisfying experience. The TACO restaurant should at the same time offer its customers the woof of separately ordering bean and rice sides to the Street Tacos while not letting the price increase in comparison to other restaurants selling tacos with bean and rice sides. Those customers will be tempted to save some dollars who dont want their Street Tacos with bean and rice sides. This is a sort of