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…
Chapter 1. Introduction 1.1. Overview of Samsung’s Marketing Success Samsung, a global technology leader, has achieved remarkable success in the market through its innovative products and strategic marketing efforts. By understanding and analyzing the key marketing strategies that have contributed to Samsung’s prominence, we can gain valuable insights into the company’s approach to building a…
Pricing strategy in marketing is more than just assigning numbers to products or services; it’s a delicate dance of influence and psychology that can shape the fate of businesses in the competitive marketplace. In this ever-evolving world of commerce, understanding the intricacies of pricing has become an indispensable skill for marketers and entrepreneurs alike. Welcome…
Are you curious about the different ways products and services reach consumers in the market? The world of marketing offers a diverse range of distribution strategies that play a crucial role in getting products into the hands of customers. From wholesalers and retailers to direct sales and e-commerce, understanding the various types of distribution is…