Get premium membership and access questions with answers, video lessons as well as revision papers.

Give the Importance of Price Variable in Marketing Mix

      

Give the Importance of Price Variable in Marketing Mix

  

Answers


Faith
-Price is a source of income and profits unlike other marketing mix variables which are cost
generators
-Through pricing, the organization manages to support the cost of production, the cost of
distribution, and the cost of promotion.
-It is used when calculating firms’ profits which is the (total units x price) minus the total costs of production
- Price is used to express the value of a commodity/ good/services

Titany answered the question on November 12, 2021 at 08:12


Next: Types of yield curves
Previous: What are the pricing objectives in price marketing mix?

View More Principles of Marketing Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions