Consumer Regression Analysis Paper

Decent Essays
1.) Discounts
a. This would give us the ability to offer this potential customer a price incentive to purchase large amounts of my product.
b. The discount percentage could decrease up to a limit with the amount of my product that they buy.
c. A discount could be combined with another incentive like shipping costs.
2.) Shipping Costs
a. By offering a reduced or no shipping charge if a customer were to purchase a large number of my locks would provide them with a substantial incentive to buy my product.
b. By instituting a significantly large amount of lock that need to be purchased before this incentive can be offered would provide any potential customer with added value of buying my product.
c. Shipping costs could also accompany other benefits such as credit terms.
3.)
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This would allow the customer to go ahead and purchase my locks to replace or upgrade their current ones while being able to pay us at a later date.
b. This would benefit us in the sense that we would make the sale and it would benefit our customers by allowing them to obtain our locks before they may have otherwise been able to.
c. There is also the possibility of taking a small discount if the bill is paid in full within a certain time frame.
4.) Presenting Price
a. Display the usefulness of my product and emphasis to the company how my product would best suit their needs.
b. The features of my lock could also be compared directly with similar locks from other manufactures.
c. The price of my locks could be compared directly with similar locks from other

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