Illustrates the steps in formulating pricing policies
Illustrates the steps in formulating pricing policies in details?
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1. Choosing the target market or market segment on that marketer would concentrate more.
2. Studying the consumer behavior and get information concerning to target market selected.
3. Studying the promotion and prices strategies of the competitors and their influence upon the market segment.
4. Assigning a task to price within the marketing mix.
5. Collecting the cost of manufacturing the product at different levels of demand.
6. Fixing appropriate (strategic) price after finding out the price objectives and as per to a chosen method of pricing.
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Explain the Simultaneous equation method of Demand Forecasting.
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I have a problem on perfectly price elastic supply curve that is given below: A perfectly price elastic supply curve is: (w) vertical. (x) horizontal. (y) positively sloped. (z) negatively sloped. Discover Q & A Leading Solution Library Avail More Than 1433694 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1939438 Asked 3,689 Active Tutors 1433694 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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