1. Assume you are a marketing manager for Starbucks. Describe the following at Starbucks: essential benefit, core product, and enhanced product. Discuss how Starbucks uses different components of its product to create a customer experience and maintain its brand. Be sure you address the tangible and intangible aspects of the Starbucks product.
  2. In your own words, define and discuss each of the following: penetration pricing, price skimming, competitor-based pricing, and value pricing. In your discussion, provide and explain a scenario where each might be appropriate. Executing a value pricing strategy is generally viewed as being more difficult than the others. Why? How is effective promotion related to successful value pricing?