What are the three elements of price mix

Price is also one of the most sensitive and flexible marketing mix elements.Simplistically, price is the value measured in.Price is the crucial element of the marketing mix because the consumer is price sensitive.But pricing is also a very important element in the 4 p's of marketing mix.Each mix contains a set of decisions.

Pricing is difficult and must reflect supply and.The marketing mix are the foundational components of a marketing strategy or business model.The classic marketing mix includes 4 elements:There are number of factors which affect the fixation of the price of a product.It helps to make sure that you are able to offer your customers the right product, at the right time and at the right place for the right price.

It is the amount of money paid by the buyer to the seller in consideration of the purchase of a product or a service.Whereas traditionally the marketing mix was executed through the 4 ps of marketing.The other 3 elements of the marketing mix are the variable cost for the organisation;