Description
Season/Course 6: Know Your Customer
Chapter 1: Customer Jargon
Abstract 3
What is customer profitability? Customer profitability is the profit the firm makes from serving a customer or customer group over a specified period of time, specifically the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. Let's understand this marketing concept in more detail in this episode.
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Season/Course 7: Pricing Strategy
Chapter 3: Price Adaptation
Abstract 5
What is discriminatory pricing? Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets. Let's...
Published 05/09/22
Season/Course 7: Pricing Strategy
Chapter 3: Price Adaptation
Abstract 4
What is price discount and allowances? Discount is the price differential that quotes the price so that the buyer pays much less than the quoted price. Discount is an allowance made to the buyers in consideration of...
Published 05/09/22
Season/Course 7: Pricing Strategy
Chapter 3: Price Adaptation
Abstract 3
What is promotional pricing? Promotional pricing is a sales strategy in which brands temporarily reduce the price of a product or service to attract prospects and customers. Let's understand this marketing concept in more...
Published 05/09/22