Some of the types of product are:- 1. Durable Products 2. Non-Durable Goods 3. Consumer Products 4. Industrial Products 5. Goods, Services and Experiences 6. Convenience, Shopping, and Specialty Goods 7. Industrial Goods and Consumer Goods 8. Unsought Goods 9. Primary Goods 10. Semi-Manufactured Goods 11. Natural Goods 12. Agricultural Goods 13. Manufactured Goods. Types and Classification of Product: Durable, [...]
How to Fix the Price of a Product: Calculations, Methods, Formula, Step, Strategies and Policies! Introduction to Price: Setting the right price is an important part of effective marketing. It is the main factor which affects the profitability of an organization. Price is the only part of the marketing mix that generates revenue, pricing policy can influence sales and brand [...]
Setting the Price of a Product: Policy, Determination ,Methods and Strategies! Types of Pricing: Pricing for products or services encompass three main ways to improve profits. These are that the business owner can cut costs or sell more, or find more profit with a better pricing strategy. When costs are already at their lowest and sales are hard to find, [...]