October 2014
Beginner
672 pages
25h 39m
English
After completing this chapter, you should be able to:
• Explain the relationship among price, value, and benefits.
• Understand the relationship between price and the other marketing mix elements.
• Describe how costs and organizational objectives affect pricing decisions.
• Explain how the competitive environment influences pricing decisions.
• Describe how and when price adjustments should be made in the final stage of pricing.
If you were an executive of a sports franchise, what price would you charge your fans? What factors would you consider when making your pricing decision in a continually changing marketing environment? How would you estimate the demand for tickets? Will the financial ...
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