Concept of pricing decision and its aim is important in context of marketing management. Price is the amount charged by the manufacturer for the goods
Due to extensive competitive market, the companies can achieve success by two ways either to reduce the price of their product or to make their
Before getting a final shape a product has to go through different stages. These stages of product development are known as product life cycle. These
Now a day it is very difficult for any company to carry on with the existing product so they are spending a lot of expenditure
One of the important elements of marketing mix is Product. Any firm is known by the product it is offering. The other elements of marketing
Concept of product One of the important elements of marketing mix is Product. Any firm is known by the product it is offering. The other
Market segmentation, market gridding and market positioning are important terms in the field of marketing management. Let us discuss their definitions: Definition Market Segmentation According
Definition Target marketing Target marketing means to focus of the firm in satisfying one or more selected market while mass marketing means to satisfy everybody
The marketer is responsible for selling the goods in the market so he must have the knowledge how the consumers actually make their buying decisions.
Wants are unlimited and the resources to satisfy these wants are limited. So the consumers think rationally before buying any product. Buying a toothpaste is
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