Pricing strategy marketing refers to the strategic approach taken by businesses to set and adjust product or service prices to achieve specific marketing objectives. It involves analyzing various factors such as production costs, competitor pricing, customer behaviour, and market demand to determine the most effective pricing tactics. A well-crafted pricing strategy helps businesses position their…
The product life cycle (PLC) is a crucial concept in marketing that outlines the various stages a product goes through from its introduction to its eventual decline in the market. Understanding the PLC is essential for marketers to develop effective strategies and maximize their marketing success. In this article, we will delve into the details…
1.1. Understanding the Importance of Social Media Marketing Metrics In today’s fast-paced digital landscape, social media has become a powerful tool for businesses to connect with their target audience, build brand awareness, and drive conversions. As the importance of social media marketing continues to grow, so does the need to measure its effectiveness and performance….