Pricing and Distribution Management (Byte Size) Certificate
A Distance Learning Course of 1 Lesson.
Course Description:
In this course, we look at the price and place elements of the marketing mix. Pricing is a key ingredient of the marketing mix and one that creates revenue. We look at three ways of deciding pricing levels in the market and show the importance of a marketing-orientated approach. Generally, price is a controllable variable in the mix. In the UK, there are new challenges to marketers with the introduction of the euro as a base currency for business to business dealings in Europe.
By the end of this course you will be able to:
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appreciate the role of pricing in the marketing mix
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differentiate between key approaches to pricing products, and evaluate their relative strengths and weaknesses in given situations
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distinguish between strategic and tactical pricing situations
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recognise the factors which lead to price-based competition
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appreciate the challenges to European marketers of the introduction of the euro
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explain the strategic and tactical importance of distribution management
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distinguish between direct and indirect distribution systems
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identify key changes in the distribution environment
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select appropriate distribution channels for given products and services.
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Course Syllabus:
Why is price important?,
Pricing methods,
Impact of the Euro on price,
Why is place important?.
