Meaning of price, Marketing Management

Assignment Help:

Meaning of price:

Price is the marketing mix element that product revenue, the other producer costs. Price is also one of the most flexible elements: it can be changed quickly, unlike product features and channel commitments. Price may be defined as the exchange of the goods or services in item of money. Without price there is no marketing, in the society. If money is not there, exchange of the goods can be undertaken but without price there is no exchange value of a product or the service agreed upon in a market transaction. Is the key factor, which affects the sales of operation? To a manufacturer price represents quality of the money for (or goods and services in a better trade) received by the firm or seller. To a customer's it represents value of a product and hence his perception value of the product. 


Related Discussions:- Meaning of price

Show the legal regulations on advertising, Q. Show the Legal Regulations on...

Q. Show the Legal Regulations on Advertising? Today advertisers face numerous legal restrictions. Consumer-movement has unnatural the government to pass laws to normalize adver

Iibm instititute of business management, 1.Considering the concept of produ...

1.Considering the concept of product life cycle, where would you put video games in their life cycle?

Business plan, how to write a channel design decision: intensive, selective...

how to write a channel design decision: intensive, selective and exclusive

Primary difference between selling and marketing concept, Question: (a)...

Question: (a) Discuss the primary difference between selling and marketing concept? (b) Suppose you are a marketer and about to introduce a new line of microwaveable snacks

Explain the main advantage of pricing skimming strategy, Explain the main a...

Explain the main advantage of pricing skimming strategy. Pricing skimming strategy is definitely a cautious strategy that is more financial then commercial. Their main advantag

What is meant by customer relationship management, Question 1: (a) Usin...

Question 1: (a) Using an example of your choice within the tourism or hospitality sector, explain the function where a firm uses only a "direct marketing" channel for marketing

Choice of an advertising agency by location, Q. Choice of an advertising ag...

Q. Choice of an advertising agency by location? A main consideration in the choice of an advertising agency is location of office of agency. A significant amount of communicati

Explain marketing mix for the planned craft gallery, Last year Suki opened ...

Last year Suki opened a gift shop in her small town. The town is a popular summer tourist attraction because it still retains the charm of a traditional village. Many of the buildi

Ingredient branding, what are the examples for ingredient branding?

what are the examples for ingredient branding?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd