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Marketing 12e - Pride and Ferrell
Marketing 12e - Pride and Ferrell

... Price • Evaluation of Competitors’ Prices • Selection of a Basis for Pricing • Selection of a Pricing Strategy • Determination of a Specific Price ...
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... 2. How many leads you got from each activity. 3. How many leads led to new customers. 4. What it cost for each activity and compare costs 5. Measure which marketing activities produced better results than others, enabling you to continue those that work and reassign the resource (money or time) to n ...
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... • Promotion – the means by which the firm communicates its message to the market • Place – delivery/distribution, the means by which the product/service reaches the market • Getting the right goods to the right people, in the right place at the right time and at the right price ...
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... emerging sports and entertainment products keep the marketplace in a constant state of competition and evolution. Within the many sports and entertainment products, many organizations may focus an specific niche markets. Niche marketing is a type of marketing that focuses on a small target market of ...
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... Besides dropping the product, the company can use other product mix strategies to gain further sales from a declining product. This may include: Discount the product Regionalize the product to areas where the product sells well Modernize or alter the product ...
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... consume resources and generate little in return. They absorb most money as you attempt to increase market share. Stars / These are products that are in high growth markets with a relatively high share of that market. Stars tend to generate high amounts of income. Keep and build your stars. ...
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Pricing strategies

A business can use a variety of pricing strategies when selling a product or service. The price can be set to maximize profitability for each unit sold or from the market overall. It can be used to defend an existing market from new entrants, to increase market share within a market or to enter a new market. Businesses may benefit from lowering or raising prices, depending on the needs and behaviors of customers and clients in the particular market. Finding the right pricing strategy is an important element in running a successful business.
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