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Ind. 5.01 * Develop a foundational knowledge of pricing to
Ind. 5.01 * Develop a foundational knowledge of pricing to

... Being Realistic – neither too high or too low Being Flexible – adjustments may be increases or decrease, depending on the circumstances the business faces Being Competitive – when similar products are offered by your competition, you must be aware of the price they are charging ...
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... In this digital age we have run out of good reasons not to personalise our offer. I lived through the database marketing boom of the Nineties – only to be dumped into the post Millenium habit of unwanted, spam emails touting yet another 25% off already marked down stock. Have we not learned anything ...
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Marketing channel

A marketing channel is a set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products and services get to the end-user, the consumer; and is also known as a distribution channel. A marketing channel is a useful tool for management, and is crucial to creating an effective and well-planned marketing strategy.Another less known form of the marketing channel is the Dual Distribution channel. This channel is a less traditional form that allows the manufacturer or wholesaler to reach the end-user by using more than one distribution channel. The producer can simultaneously reach the consumer through a direct market, such as a website, or sell to another company or retailer that will reach the consumer through another channel, i.e., a store. An example of this type of channel would be franchising.Roles of marketing channel in marketing strategies Links producers to buyers. Influences the firm's pricing strategy. Affecting product strategy through branding, policies, willingness to stock. Customizes profits, install, maintain, offer credit, etc.↑ ↑ ↑ ↑ 4.0 4.1
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