Professional Documents
Culture Documents
The Product
A product is a product if it is purchased and
consumed; if it is not purchased and
consumed then it remains a raw material
or material in process.
Marketing Financial
Assessment Business Analysis Assessment
Test Marketing
Full Commercialisation
2. The Pricing
One of the most critical elements of the
marketing mix for services for profit firms.
Generates revenue.
Product Value
Psychic Cost
Costs Demand
Barriers in industry
- technology
- exit barrier
2. Competitor-based Pricing.
based on what the competitor is offering.
(a) Going rate pricing.
(b) Sealed-bid pricing.
(c) Pricing below the competition.
(d) Pricing above the competition.
3. Demand-based Pricing.
based on what the customers are prepared to pay.
different customers have different upper ceilings on the price that
they are willing to pay for a service.
service marketer have a fine knowledge of customer demand and
the consumer's ability to pay.
Cognitive
AWARENESS
“To Know”
INTEREST Affective
“To Feel”
DESIRE
Conative or
ACTION psychomotor
“Action or Drive”