Print Marketing Examination 3 Flashcards

Place refers to the place the product/service of the business is seen, made, sold, or distributed. In essence, place choices are related to distribution channels and methods of getting the product to focused key customers. Customers need to understand the features, benefits, and advantages that may be loved by shopping for goods or companies. When excited about a product, contemplate the key options, advantages, and the needs and needs of shoppers. Product refers back to the products and services offered by a enterprise. Product choices embody perform, packaging, look, guarantee, quality, and so on.

When the contractor completes performance, the parties negotiate the ultimate price, and the final value is established by applying the formula. If the ultimate negotiated value exceeds the worth ceiling, the contractor absorbs the distinction as a loss. Because the revenue varies inversely with the price, this contract sort supplies a constructive, calculable revenue incentive for the contractor to control costs. A loss leader or chief is a product bought at a low worth (i.e. at price or beneath value) to stimulate other profitable gross sales.

Calculate The Price

Each agency head shall provide mechanisms for sharing confirmed incentive methods for the acquisition of different types of services among contracting and program management officers. When predetermined, method-kind incentives on technical performance or delivery are included, increases in revenue or fee are offered only for achievement that surpasses the targets, and decreases are supplied for to the extent that such targets aren’t met. The incentive will increase or decreases are applied to efficiency targets somewhat than minimum performance requirements. The completion kind describes the scope of labor by stating a definite aim or goal and specifying an finish product. This type of contract normally requires the contractor to finish and deliver the required finish product (e.g.,a final report of research undertaking the objective or target) within the estimated value, if potential, as a situation for cost of the complete mounted payment.

A no-haggle pricing policy is a sort of _______________ pricing strategy. Earl was recognized for driving 30 miles to save a dollar on the price for his favorite beverage. Earl perceived value as ________________, whereas most customers acknowledge worth because the ______________ made to accumulate a good or service.

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