Assignent: Principles Of Marketing
Pricing Strategy - Price is an important element of the marketing mix. Create a 300-400 word response and respond to any two of the following bullet points in your response.
• Describe the importance of pricing in the marketing mix
• Describe three different pricing strategies and provide a real-life example of each in action.
• Suggest another strategy that would have worked better.
• What are the steps that need to be followed for developing the pricing of a new product? Can these steps be interchanged? Why?
Conclude your post with a summary paragraph that synthesizes one or two key issues or points of your initial post.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.