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How to Price and Position Products or Services for Marketing Effectiveness

Product pricing is a rather complex process and requires careful study. To base this on the consideration of factors such as costs, sales and marketing, it is necessary to carry out a series of calculations in order to calculate the price. Generally, it takes into account how much money has been spent in production, personnel and marketing costs, but also the profit margin should consider. Although there are a lot of strategies to position your business and differentiate it from its competitors, product positioning is one of the most important ones. Product positioning is the process of creating a brand's identity by positioning a product or service in relation to other products or services on the market.

How Order Apps Are Transforming the Retail Industry

How much do you lose when one senior employee resigned ?

Empathy is important for the employees nowadays

Why the empathy is most important to the employees?

In today’s world, employees are more stressed than ever, and if their employers don’t understand the emotional exhaustion they are feeling, they won’t be motivated to succeed. That’s why it is so important for leaders to understand their employees and show empathy towards them instead of forcing decisions or being too harsh.

PROPENSITY TO PURCHASE

One tool marketers can use to overcome that challenge and drive greater personalization and better business outcomes is propensity modelling (Propensity to Purchase).

Should you Invest in Bitcoin?

If you choose to invest, it’s important to maintain a diversified portfolio that includes several different types of investments to reduce your overall risk exposure. As a rule of thumb, don’t invest more than 10% of your portfolio in risky assets like Bitcoin. Although there are risks associated with the investment, the increased return potential over other asset classes might make them worth considering.

Mental healthcare in offices in need

How to figure out confidence interval

Confidence intervals are a powerful tool that can help you make decisions and draw conclusions from data. But what exactly is a confidence interval, and how do you figure it out? In this blog post, we will discuss what a confidence interval is, why it’s used, and how to calculate one. We’ll also look at an example of a confidence interval in action to give you an idea of how its results can inform your decision-making process. Read on to learn more about confidence intervals and their importance in data analysis.

A confidence interval is a range of values that is likely to contain the true value of a population parameter. The size of the confidence interval depends on the level of confidence that is desired. A higher level of confidence results in a wider interval, while a lower level of confidence results in a narrower interval.

Understanding Agile Supply Chain Management in the Fashion Industry

Fashion is a continuous, dynamic and evolving industry where new trends are created every season by changing consumer preferences. Developed to meet the demand of time-strapped consumers, fashion retailers have revolutionized the fashion industry with the introduction of “fast fashion”. The popularity and widespread adoption of fast fashion strategies has made it possible for brands and retailers to offer affordable yet high-quality clothes at competitive prices.