Pricing Concepts - Why is pricing so important to the marketing

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Question # 00815914 Posted By: wildcraft Updated on: 12/07/2021 09:47 PM Due on: 12/08/2021

Subject Education Topic General Education Tutorials:

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Pricing Concepts

1. Why is pricing so important to the marketing manager?

2. How does price allocate goods and services?

3. Why do many firms not maximize profits?

4. Explain the role of supply and demand in determining price.

5. Explain the concepts of elastic and inelastic demand. Why should managers understand these concepts?

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score 2 · Accepted Answer · 12/07/2021 09:48 PM

Solution: Pricing Concepts - Why is pricing so important to the marketing

Tutorial # 00811158 Posted By: wildcraft Posted on: 12/07/2021 09:48 PM

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