Law and Ethics Assignment | Business Management

Added on - 29 Apr 2020

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Running head: BUSINESS MANAGEMENTLaw Ethics AssignmentName of the StudentName of the UniversityAuthor Note
1BUSINESS MANAGEMENTTable of ContentsThe special characteristics of marketing decision...........................................................................2The Concept helps in marketing under the organisations................................................................3Reference.........................................................................................................................................5
2BUSINESS MANAGEMENTAssessment 1The special characteristics of marketing decisionThe marketing business it is necessary to set some important characteristics which helpsin the production and fixing the price amount in the business. Therefore A set of four P’s hasbeen set which includes Product, Price, Place, and Promotion. Now the product defines theappropriate goods and theservice, which is offered to the consumer. The product defines thegoods which manufactured by one company must includes the quality, features, options,services, warranty and brand name (Petersen, Kushwaha and Kumar 2015).The Consumers are the original recourses where the products affect on the marketing areaand the price of the products depends on the availability of the customers. Before considering theprice for the products the business strengths, and weakness also recognized.The Price refers for the amount where the product will be selling to the consumers andthe products will be charged according to the marketing strategies. The price should determineby the manufacturer and according to the marketing price, the price can be increase or decrease.The actual value of the price never charged because it depends on the raw material of theproducts. The price also depends on the product’s quality, brand, and flexibility and credit terms.Place defines the destinations or areas where the product will be distributed and itwill be promoted for the consumers. The distributions depend on the manufacturer or thebusiness authority where it will distributed like retails, community, or direct selling to theconsumers.
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