BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Questions such as-What is the value of the product to the buyer?-What discounts should be offered to your customers?
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Product
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Price
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Promotion
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Place
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Explanation:
Detailed explanation-1: -Product value refers to the benefits the product offers to the target customers. The overall value of a product is the degree to which it meets or exceeds customers’ expectations. Product value directly affects product design and pricing strategy.
Detailed explanation-2: -In short, creating customer value means offering a product/service with attractive benefits that outweigh its cost. Quality, popularity, accessibility, convenience, an abundance of features, and longevity are all examples of benefits.
Detailed explanation-3: -The term ‘sales discount’ is a catch-all term for any reduction in price a seller offers for its product or service.
There is 1 question to complete.