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What are the marketing strategy of tommyhilfiger?
it should take care of 4ps that is product , price, promotion and place these are the factors of marketing mix so price of product must be leading to promote the sale of the product at the particular place to every leveled people
Why marketing involves focusing on costumer need before producing the product and after selling the product?
because the should study the market avoid any proplem it migt faced the proudct, the product should atract the customr and saticefy their needs , the product should be destrbute in spacific ime and spacific price, after selling they should compare the profit with totatal expences to analyze the product sucssful or not .
Does net price refer to manufactures suggested retail price or wholesale price?
Net price is wholesale pricing. This usually indicates that the manufacturer does not have a set retail price for its product, and whatever you retail the product for is up to you. So check with your competitors as to what is the average markup on that product for your industry.
How does advertising of a product increase it's price in the market?
Advertising increases awareness, which in turn increases demand, which then makes the product more desirable/harder to get, which then increases the amount that the provider can charge for the product, thus increasing the price that they ask for it. The cost of advertising must be added to the price of the product. The larger, more expensive the advertising campaign, the more cost must be added to the price of the product.
Bases for positioning the product of marketing management?
Characters of product Use Ingredients Price Cimparison
The Law of Supply and Demand states that if the supply of a product increases then the price of that product will?
decrease. It will also decrease if the demand decreases. Conversely, if the supply of a product decreases or if the demand increases, the price will increase.
Who sets retail prices?
Retailers are given a price from the manufacturer for what they believe their product should be sold for. This is known as the manufacturer's suggested retail price. The individual stores, however, can price the product as they see fit.
Why then should calculate a material price variance?
Material variance should be calculated to ensure that you are setting the right price for your products. When the price varies significantly, you may need to establish a new price for the product.
How rise in crude oil price affects the plastic industry?
Plastic is a by product of oil therefore the price should go up
Should rug sellers' increase the price of rugs due to the high demand?
If a product is in high demand, the chances are good that the seller of that product is going to increase the price. It is a basic principle of economics.
What are the marketing strategy of tommyhilfiger?
it should take care of 4ps that is product , price, promotion and place these are the factors of marketing mix so price of product must be leading to promote the sale of the product at the particular place to every leveled people
What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
If selling price is S and product price is P then what will be the profit?
Selling price is somethng on which the profit depends so its Selling price - Product price = profit
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
Why marketing involves focusing on costumer need before producing the product and after selling the product?
because the should study the market avoid any proplem it migt faced the proudct, the product should atract the customr and saticefy their needs , the product should be destrbute in spacific ime and spacific price, after selling they should compare the profit with totatal expences to analyze the product sucssful or not .
Why doesnt coke lose its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
Change in market price?
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
