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Marketing (The price (Price Setting Objective (Utility Orientation, Sales…
Marketing
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Marketing
Set of people with needs to meet, money to spend and the desire to spend it. Also, any person or group with whom an individual or company has a current or possible exchange relationship
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Product Classification
It is necessary to segment the markets, it is also useful to divide the products into a homogeneous classification
They can be classified into three groups according to their durability or according to how tangible they are
Non-durable goods are tangible goods, Durable goods, Consumer goods
- Examples are beer, soap and salt. They include refrigerators, machine tools and clothes.
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The price
Meaning
it is the amount of money or other objects with utility to satisfy a need that is required to acquire a product
Price Setting Objective
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Sales Oriented
It focuses on the volume of sales, increase them or improve the company's participation in the market
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