It does not affect pricing, it is a component of marketing mix.
the pricing
Firms focus on price because they have to generate a profit. With the right product, price and promotion the firm can expand their market share.
Premium pricing!
marketing mix is-the combination of product, pricing, promotion, and distrobution stratagies used to market products. promotional mix is-combination of tools used to promote a product. personaly i don't the there is much difference, marketing focases on tratagies and promotion is actually promoting the product. so one is on paper, the others in motion
It does not affect pricing, it is a component of marketing mix.
marketing mix strategy for hul
the pricing
Firms focus on price because they have to generate a profit. With the right product, price and promotion the firm can expand their market share.
Premium pricing!
marketing mix is-the combination of product, pricing, promotion, and distrobution stratagies used to market products. promotional mix is-combination of tools used to promote a product. personaly i don't the there is much difference, marketing focases on tratagies and promotion is actually promoting the product. so one is on paper, the others in motion
to increase sales to rise profit and turnover to satisfy the needs of the customers to increase the consumption demand
the blend of product, place, promotion, and pricing strategies designed to produce satisfying exchanges with a target market.
It's the pricing of the product
What is Starbucks marketing mix?
Some recommended marketing mixes for two different segments in both urban and rural markets include pricing and product. Another is the marketing mix of product distribution with promotion.
The Marketing Mix is composed of four elements:Product - This is where you talk all about the product, the attributes of it, its name, its benefit etc.Price - This is where you talk about pricing strategies. You should consider the cost of producing the product, shipping costs, advertising costs and profit. If your product costs 76 cents to make, and 2 dollars to ship, and you still want to make profit, I would give it a price of something like 8 dollars. This will get you profit, as well as cover advertising costs.Promotion - This is the section that includes all types of promoting for your product. Advertising, PR etc.Place - Where the item will be sold, why only those specific merchants, which section of the store etc.