...Lomondot Moral Fantilanan Canoy I. Introduction Poverty means unable to afford human needs in respect of food, clothing, education, health and a warm place to live. In almost all of the places in the Philippines, inequality is quite high. Even today, there are still people struggling to find shelter, feed their kids, and also find warm clothing. Poverty has always been present and has been a consistent problem throughout the history. As we all know, Poverty is one of the biggest and most evident problem in the Philippines. It is a deadly issue that’s killing our population slowly and that needs to be address by everybody in the whole nation because if no one tries to do something about it, it is going to keep getting worst as time goes on. There are several causes on why a huge number of people in the Philippines experience poverty. One of this is the inequality in the income distribution to the people in the Philippines. The rich earns higher income than the poor. This unequal income distribution will cause the poor to only get poorer to the point of not being able to afford basic needs. Another cause is the lack of quality education. Since not all people are able to have the best quality of education, many of them will have a hard time in terms of getting a job. The lack of job is another factor on experiencing poverty. The more people that is unemployed, the more people will suffer from poverty and have trouble accommodating their basic needs. Also, overpopulation...
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...1. Of the major pricing strategies discussed in this chapter, which one best describes JCPenney’s “Fair and Square” pricing strategy? The one that best described their pricing strategy is good-value pricing because good-value pricing offers just the right combination of quality and good service at a fair price. 2. Compare JCPenney’s former traditional approach to pricing versus the “Fair and Square” pricing strategy. Discuss the advantages and disadvantages of each. The advantage of the former approach was that the customers could expect for the store to have a sale. The disadvantage of the former approach was that it didn’t help to build the company’s brand because consumers were able to go anywhere to find a sale. The advantage of the “Fair and Square” pricing strategy was that they always offered a low price. The disadvantage of this strategy was that because it was not implemented soon enough, it could not keep customers coming into their store or persuade new ones to visit their store. 3. Discuss the role of product, place, and promotion in connection to “Fair and Square” pricing. The role of product is that the company has decided to add more name brands to their stores. The role of place is that the company decided to remodel their stores to make them more appeasing to their customers. The role of promotion was used in conjunction with their new pricing by eliminating the use of previous pricing and just cutting pricing completely. 4. Did “Fair...
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