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State and explain five factors to consider while determining the price of your product or service

State and explain five factors to consider while determining the price of your product or service Five factors to consider while determining the price of your product or service Input costs: The higher the input costs, the higher the final price. An increase in labour or transportation could increase the final price. Demand for the …

Justify the effectiveness of personal selling as the best method of promoting a business product

Justify the effectiveness of personal selling as the best method of promoting a business product. What is Personal Selling Personal selling occurs when a sales representative meets with a potential client for the purpose of transacting a sale. Many sales representatives rely on a sequential sales process that typically includes nine steps. Some sales representatives …

The Marketing Mix Consists of which four areas?

The Marketing Mix Consists of which four areas?

The Marketing Mix Consists of which four areas? On this page, we explain the main 4 marketing mix and explore relevant examples for each. The terminology “marketing mix” is considered as the main foundation model for businesses, historically centered around product, price, place, and promotion. The marketing mix can be defined as the “set of …

9 Examples of Marketing Activities in a business

Discussion on 9 examples of marketing activities in a business. Marketing activities Meaning For in case you are wondering what does marketing activities mean, here is the answer. Marketing activities refer to the day-to-day actions that the marketing people take in order to market business products to the right customers. List of 9 Examples of …

What are the 6 functions of marketing in a business

What are the 6 functions of marketing within the business environment? (Business Studies) What is marketing Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a …

Two Provinces that mainly Mine Coal in South Africa

Two Provinces that mainly Mine Coal in South Africa: South Africa’s coal reserves are ranked amongst the top 10 largest in the world. The country‘s economy is extremely dependent on coal fired power production, which provides almost three quarters of total primary energy. Despite the country’s attempts at diversifying energy, coal is expected to play …

Critically discuss why social distancing is regarded as one of the key measures to prevent covid-19

On this page, we will critically discuss why social distancing is regarded as one of the key measures to prevent covid-19. What is Social distancing? Social distancing is a public health terminology that refers to the set of non-pharmaceutical interventions or measures intended to prevent the spread of a contagious disease (such as the Corona …