Marketing : Marketing

I- What is price? Why is price important? How is it different than any other element ofthe marketing mix?Price is the amount of money expected, required, or given in payment for something.Price is important because it represents the value of a product or service anddetermines level of competitiveness and profitability.Price is the only element in the marketing mix that actually brings in revenue. Theother elements determine the product or services value.II-List the average prices your remember paying for the following productsProductPriceDouble the priceElasticity ofDemand ...


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