Posted: September 19th, 2023

Kaplan University GB 519 Strategic Pricing with Rising Commodity Prices

Strategic Pricing with Rising Commodity PricesPlease review the articles listed below. They can be located by using the Kaplan OnlineLibrary article search feature accessed via the home area of the course.Then, prepare your Discussion topic responses in accordance with the instructions found below.Access the following articles in the KU Online Library:A Rising Tide Lifts All Boats: The Impact of Food Inflation on European Food Retailers.(2011). Black Book - Four Ways to Play Soft Commodity Inflation, (Business SourceComplete.) New York, N.Y: Bernstein Global Wealth Management, 85–95.Emerson, L.(2012, March 11) Higher gas prices affect prices of other consumer goods. The AugustaChronicle. Retrieved from http://chronicle.augusta.com/news/business/localbusiness/2012-03-11/higher-gas-prices-affect-prices-other-consumer-goodsRedenius, J., Hogbin, C., Stirling, T., & Warburton, M. (2011). Four Ways to Play SoftCommodity Inflation. Black Book - Four Ways to Play Soft Commodity Inflation,(Business Source Complete.) New York, N.Y: Bernstein Global Wealth Management, 1–106.Simos, E. (2011) Rising oil prices intensify global stagflation. Journal of BusinessForecasting, 30(1), 36–40. Retrieved from https://ibf.org/index.cfm?fuseaction=showObjects&objectTypeID=4Instructions:Just because there is an economic downturn does not mean that consumer prices willfall. Even though gas prices might plummet, it does not necessarily equate to lower gasprices as experienced by consumers at the gas pump (Emerson, 2012).Fuel oil prices have remained high from 2013–2015. Industry forecasts do not indicate decliningfuel prices in the near future. According to forecasts, fuel prices will remain near or above $3.00per gallon well into 2016 (http://www.eia.gov/petroleum/gasdiesel/).In the global economy fuel prices can affect many other aspects of daily living includingfood prices. Country governments in pressuring energy companies to provide more biodiesel fuel which relies on corn has subsequently exacerbated a shortage of this fooditem which in turn has driven prices of corn up (Rice, 2011).ReferencesEmerson, L. (2012, March 11) Higher gas prices affect prices of other consumer goods. The AugustaChronicle. Retrieved from http://chronicle.augusta.com/news/business/local-business/2012-0311/higher-gas-prices-affect-prices-other-consumer-goodsRice, T. (2011). Biofuels are driving food prices higher. The Guardian. Retrieved fromhttp://www.theguardian.com/global-development/poverty-matters/2011/jun/01/biofuels-drivingfood-prices-higherThe state of food and agriculture. (2008).Food and Agriculture Organization of the United Nations.Retrieved from http://www.fao.org/docrep/011/i0100e/i0100e00.HTMU.S. Department of Energy. (2015, October 26). Gasoline and diesel fuel update. Retrieved fromwww.eia.goChecklist:1. Explain how you believe the rising prices affect strategic pricing decisions made by companies thatproduce packaged food, cereals, canned meats and other common products found in a supermarket.2. Your Discussion should include an examination of how consumer behavior might impact those pricing,marketing, and packaging decisions.3. Include any personal anecdotal experiences you have had with one or two items you or your family buyregularly. Let classmates and instructor know if you have discovered any techniques for reducing costsused by the manufacturer or marketer for your products that seem particularly unique or unusual. Forexample, does the inside roller for your bathroom tissue seem to be growing in diameter?Respond

Tags: Ace My Homework: Essay Help, Assignment Help: USA's #1 Online Assignment Writing Service, Do My Assignment for Me Online - Write Academic Papers, Reliable Online Homework Help For You