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What was the revenue of Polaroid in 1984?
The organization was divided into two main divisions – The Consumer Photography Division and the Technical and Industrial Division with each of these divisions contributing around 40% of Polaroid’s revenues of $ 1.3 billion in 1984. 1. The peel apart film which required the user to physically pull the film out of the camera and, 2.
Why did Polaroid choose an affordable pricing method?
In setting on new products Polaroid took into consideration prices currently offered by competitors while ensuring that the company maintains its major quantitative goal of profit maximization. An affordable price offered to customers would lead to increased sales and hence increased cash flow. Pricing method is based on uniqueness of product.
How did Polaroid position itself in the market?
This is the approach adopted by Polaroid in positioning price whenever possible. In setting on new products Polaroid took into consideration prices currently offered by competitors while ensuring that the company maintains its major quantitative goal of profit maximization.
Last Update: Oct 2021
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