WebApr 15, 2024 · Answer: Price is also one of the most flexible marketing mix elements. Unlike product features and channel commitments, prices can be changed quickly. ... Prices have a direct impact on a firm's bottom line. A small percentage improvement in price can generate a large percentage increase in profitability. Advertisement. WebDec 19, 2009 · 19th December 2009. Price is: • The money charged for a product or service • Everything that a customer has to give up in order to acquire a product or service • Usually expressed in terms of £. The price a business charges for its product or service is one of the most important business decisions management make.
Elements of a Marketing Mix - Study.com
WebMar 17, 2015 · A marketing mix is a planned mix-up of the product's marketing plan which includes: place, promotion, product and price. These elements are adjusted until just the … WebApr 20, 2024 · Answer: Price is the only element in the marketing mix that produces revenue; all other elements represent costs. Price is also one of the most flexible … change pushed branch name
What are the Elements of the Marketing Mix and Why are They …
WebNov 10, 2016 · One of the most important parts or elements in Marketing is missing in the Marketing Mix. It's targeting or "People, in the Nine P's of Marketing. The Marketing … Web2 days ago · Price is also one of the most flexible marketing mix elements. Unlike product features and channel commitments, prices can be changed quickly. At the same time, … WebImportance of Pricing – 4 Factors: Flexible Elements of Marketing Mix, Right Level Pricing, Price Creates First Impression and Vital Element of Sales Promotion. Pricing decisions … change purses in white with flowers