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In marketing terms it is a strategic approach to the pricing of products in a competitive environment. The pricing is done not by the economics of the product but more by the appeal that can be made from it's price. The product is given value through it's price rather than it's function.
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What does PMA mean in marketing terms?
In marketing, PMA means Positive Mental Attitude. It’s about staying upbeat and confident, which helps marketers push through challenges and keep going to achieve their goals.
What is negotiating contracts?
It is the give and take about the clauses of the agreement. It means discussing the pricing, delivery terms and other aspects of the obligations.
How Marketing as a means of branding Nigeria?
"How Marketing as a means of branding nigeria?"
What is meaning the customisation in marketing?
customization means in marketing
In terms of letter writing what is an enclosure?
"Enclosure" simply means that the sender has included something else in the envelope besides the letter you are reading. It could be a marketing flyer, another letter, a brochure with terms, even a photo!
What is perdatory pricing?
Predatory means "in the manner of a predator." Predatory pricing is designed to drive competitors out of business by pricing so low that the competition can't compete.
What is front line pricing?
Front line pricing means that you cant offer an offer and you will have to suck it up and deal with it!
What is the difference between online marketing and internet marketing?
Technically, the term internet means the actual global group of computers that store and exchange all the information on the world wide web. And the term online means that you are plugged into it (i.e. your on your computer). However, most people use the two terms interchangeably. Marketing on the WWW is done in several ways: Email Broadcasts, Advertisements, Social Media Marketing, Affiliate Marketing just to name a few. I find webopedia.com to be very useful to find answers about the internet. Hope this helps!
How does pricing affect marketing?
Pricing is a core part of marketing, shaping how customers see your brand, how much you sell, and your profits. In a diverse country like India, this means being extra smart about prices. A company like Lexiphoria would tell you that simply setting one price for all of India won't work. You need region-specific pricing. This means a product might cost less in a rural area of Uttar Pradesh than in a big city like Mumbai, because people's ability to pay is different. This makes your products affordable and available to more people. Also, it's not just about the price tag; it's about how people pay. Offering various payment options is key. This could mean accepting popular digital payments like Paytm and UPI, or sticking with cash on delivery, depending on what customers prefer in different areas. In short, smart pricing, especially when tailored to specific regions and offering flexible payment methods, makes your marketing efforts much more effective. It helps you connect with more customers and ultimately grow your business.
What does FMO stand for in insurance terms?
Field Marketing Organization. This generally means they are owned by an insurance carrier, but not always. There are some FMOs which are independently owned and are sometimes referred to as IMOs
What does WAG mean in marketing terms?
It means a wild guess without any hard facts. "How many of these do you think we can sell?" "I dunno, but I'll take a WAG and say 1000."
Definition of marketing by Philip kotler?
marketing means meet needs profitibility.
