Tuesday, January 24, 2012

Product BUY ME


Product, which discussed in class, is a good, a service or an idea. A good is anything physical (something you can touch, service is both application of human and mechanical efforts to people or objects and an idea is a concept or issue etc. The 3 other P's are Price, Place (distribution) and Promotion. Price is a decision or an action associated with establishing pricing objectives and policies and determining product prices. Price is often used as a competitive tool. Place is being available at the right time and a convenient location. The last P is Promotion, an activity used to inform individuals or groups about organizations and its product. If I was a 'product' I would tell potential employers to buy from me because I have a good quality product that is cheaper then other with convenient locations and easy excess whenever needed. I would have great promotions with lots of advertising and signs that actually stand out and make potential employers to want to buy my 'product'. Do you think that price or the actual promotion grabs the buyer? If you had to chose between the price or if it was more convenient to retrieve/access the product, which would you choose? Why?

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