Unit price

buying with caution. Which is totally understandable. So, consumers start waiting for their favorite brands to reduce prices. And they purchase the cheapest available product. But in a highly competitive marketplace, store owners can’t rely on pricing to differentiate them from their competitors. It will halt growth, and monthly recurring revenue will shrink. “If you compete on price someone will always be willing to go lower and at the same time you are ruining your chances of being able…

centers. By considering cost drivers such as FTE’S, sq. footage, they calculate the rate for each cost center and then allocate the cost. This method, emphasizing on the amount charged for a procedure, provides the clear aggregate cost information in the unit of department or cost center and suitable for cost-based reimbursement system. However, the lack of emphasis on the actual cost at the procedure or patient level may leads to some hidden cost. In addition, it also makes Cambridge University…

willing and able to purchase” (Shah, 2017)1, looking at the price elasticity of demand determines how much a product is priced and how responsive demand is to the change of that price. For example, 500 people will be willing to pay £15 for a concert ticket, however if the price of the ticket was increased to £25, then only 250 people would be willing to pay. This can be shown using a demand curve, which is based upon the principle that if the price of a product increases, then the quantity will…

when it is planning to bring a new product in the current market. The best way to define Marketing Mix is by listing down the 4 Ps: The 4Ps are: • Product (or Service) • Place • Price • Promotion These 4Ps which will be discussed in the following paragraphs, these Ps give us the definition on price, product, promotion, and place so that any firm’s offer could satisfy the demands set by the particular customer. It establishes a platform where…

Majority of people consider any type of art to be just a hobby and nothing more. Turning art into a business is considered risky and unstable but, some attempt to make a living out of it and others succeed. Andy Warhol once said "Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art." (Dreishpoon, 2013). A platform that allows creativity and commerce to co-exist and for art to be business and vice versa is Etsy. Etsy…

Why Should I Sell My Watches? There are many reasons to sell watches. It could be simply upgrading to a different watch or to earn some quick cash. Perhaps, the watch was given as a gift, and it no longer has sentimental value. It could be watches are not your style. This is a good time to capitalize on the growing watch market. Where Can I Sell My Watch? There are a few options when it comes to selling watches. Choosing a buyer is a crucial task to ensure a smooth process and the most…

Huawei in China and UK The 4 P’s of marketing mix include product, price, place, and promotion. A promotion blend is a fundamental tool that blends the four variables together to achieve the result it wants to obtain in the target market. The product is the tangible good or intangible service that needs to meet the demand of the customers. According to Mackay, C. (2011), price involves the amount of money that the end user is required to pay so as to obtain the product. Promotion engages…

consumers.In terms of packaging,Sprite Zero had a proprietary shaped pack and this had proven very successful in the market among the other refershment drinks. The marketing mix ; price Price is the amount consumers pay to purchase the considering product.The ultimate purpose of the price mix is to select the most appropriate price for the specific product that generates a reasonable revenue while satisfying human needs &…

to balance the price and quality, though it is complicated to do the process. According to H. Basin (2016), balancing the price and quality is a challenge for all of them because pricing is a strong component that affect the decision making of every consumers. Therefore, each products must be provide for specific consumers. You need to think for your target market as well as the competition in…

Advertising Budget is the amount of money which has to be spent on advertising for a brand to promote it, help reach its target audience and rake in profits for the company. But before the advertising budget is decided upon for a company, one has to take a note of the favourable and unfavourable market conditions which will have a direct impact on the advertising budget. The following are the conditions that have a direct impact on the advertising budget. 1. Frequency of the Advertisement This…