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IGBizStudies
- May 5, 2021
- 2 min
What are the different pricing strategies
For cost-based, competitive and demand-based method The different pricing strategies; Cost-based pricing Competitive pricing Destruction...
90
IGBizStudies
- May 5, 2021
- 2 min
What influences pricing decisions
The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...
130
IGBizStudies
- May 5, 2021
- 1 min
What are extension strategies
Extension strategies help prolong the sales and profit of matured products They include; New versions of existing products, with...
80
IGBizStudies
- May 5, 2021
- 2 min
What is Product Life Cycle and its importance
Product Life Cycle is the process a product would undergo during their existence in the market. It starts with; Launch Growth Maturity...
90
IGBizStudies
- May 4, 2021
- 1 min
Why and How do businesses compete
Competition drive business growth and can benefit consumers. They can also; Increase customer base and loyalty Increase revenue and sales...
230
IGBizStudies
- May 4, 2021
- 2 min
What happens when market changes
It will change market trend and create new opportunities for business as spending patterns of consumer changes. Market trend changes all...
130
IGBizStudies
- May 4, 2021
- 2 min
How to develop a marketing strategy
By identifying SWOT and combining the four marketing mix element
120
IGBizStudies
- May 4, 2021
- 1 min
What is technology's role in marketing?
It has changed the shopping behaviour of consumers
20
IGBizStudies
- May 4, 2021
- 1 min
What are the four marketing mix, and why are they important?
Product, Price, Place and Promotion
130
IGBizStudies
- May 3, 2021
- 1 min
What is the role of marketing
Identify, satisfy and anticipate consumer needs and wants
190