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HONDA,MARKETING ELEMENT TO DISCUSS IS PRICE
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Price Mix Aggressive pricing – it is one of the most effective pricing strategy that is adopted by the company. It is widely used by Honda as it launches its product at lower price in comparison to its competitor. It boosts up its sales and help in earning higher revenues. Sales losses are protected by Honda through following this tactic. Offers are given like reduction in the interest on loans or keeping the down payment very low which attracts different segments of the customers. For egg. if a person is or have been an employee of the NHS, MOD, Fire Service, Public Sector then they will get exclusive offers across the Honda range saving up to 21% of list price. Payment agreements– Honda gives range ofoptionstothe public so that they donotfindit difficulttomake their purchase. I can bedoneusingthe onlinetransactions, creditcards,early loans etc. Discounts– it is an important technique used under the pricing strategy. Honda offers great discounts during the year end which help in boosting the sales. REFERENCES: Wijoyo, A., 2013. Pengaruh variable Marketing Mix terhadap Customer Loyalty Honda-Ramayana Basuki Rachmad Surabaya dengan Customer Satisfaction sebagai variable intervening. TVS, 19, pp.0-26. Kartika, E.K., 2014. Analisa Pengaruh Bauran Pemasaran Terhadap Minat Beli Ulang Sepeda Motor Honda Kategori Sport Mid. E-Journal Graduate Unpar, 1(2), pp.162-175.