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The Product Life Cycle - Deans Community High School
The Product Life Cycle - Deans Community High School

... product it is important to heavily promote it. A special introductory price may help push the product.  Growth  As sales and profitability increase, the selling price may be reduced to make the product more attractive. Continued advertising around the brand name will help to sustain sales. The mar ...
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... Clearly, says Afable, a one-size-fits-all approach does not work in Asia. “Price-volume strategies provide the opportunity to align a product with each market’s specific affordability levels, and to subsequently drive accessibility and improve market share,” he says. “It’s a careful balancing act. A ...
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... Suppose that $80 of material goes into a $100 suit, and that a country imposes a 10% tariff on suits but allows free importation of the material used to make the suit. The price of an imported suit is $110 (small country case). While consumers only see a $10 increase in the price of a $100 suit (a n ...
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...  Prices are fairly stable because not too many new firms can afford to enter the market.  If the industry leader raises or lowers prices, the other firms usually follow suit.  Sellers watch each other’s pricing because they know they will lose customers if the competition lowers prices.  Competi ...
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... Agency is a commercial act whereby the principal and the agent agree for the agent, on behalf of itself to conduct sale, purchase of goods for the principal or provide services of the principal to customers in return of remuneration (Art. 166) Exclusive agency is a form of agency whereby a sole agen ...
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... selling sales assistants. By contrast, cheap and cheerful jewellery for the mass market is best sold in supermarkets and can be promoted using television adverts. Market research findings are important in developing the overall marketing mix for a given product. By identifying specific customer need ...
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... the number of sales just as significantly as too high a price. A low price may increase sales but not as profitably as fixing a high, yet still popular, price. As fixed costs stay fixed whatever the volume of sales, there is usually no such thing as a “profit margin” on any single product. PLACE = g ...
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the role of pricing in the marketing mix

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Global Marketing Strategy

... the strategic use of brands. • As many travelers have observed, global standardization makes foreign countries look like home – or at least more similar. Standardization also makes people’s behavior, habits, and tastes more similar. ...
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Dumping (pricing policy)

In economics, ""dumping"" is a kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production.
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