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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 935 |
Essay's paper body
However, if a competitor has a similar product, also possessing good quality, then one has to differentiate their product from the competitor. This can be accomplished by changing the design of the product or offering better after purchase service / warranty benefits.
The place element can also be referred to as distribution...
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It is imperative that one knows how to reach the customer. The place is where you can expect to find your customer and where the sale is realized. A business needs to be able to use the proper distribution channels to get the product to the customer.
The price element refers to the pricing strategy a business should use to sell their product...
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