ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process of determining what to charge for the product or service.
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price
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pricing
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promotion
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product
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Explanation:
Detailed explanation-1: -Product pricing is the process of determining the quantitative value of a product based on both internal and external factors. Product pricing has a direct impact on the overall success of your business, from cash flow to profit margins to customer demand.
Detailed explanation-2: -What Is Value-Based Pricing? Value-based pricing is a strategy of setting prices primarily based on a consumer’s perceived value of a product or service. Value-based pricing is customer-focused, meaning companies base their pricing on how much the customer believes a product is worth.
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