LaTasha Davis 08 marketing management

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School

Penn Foster College *

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080072

Subject

Marketing

Date

Apr 3, 2024

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docx

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2

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LaTasha Davis Student ID# AC2305069 Marketing Management Module 08 Part A: with products, is it form or function? When it comes to the key to a product success, is it really about form or function? Well, marketers have been debating this for a while, and both sides have case studies to back up their claims that either product functionality or product design are essential to a brand's success. I strongly believe that product functionality is the key to brand success rather than product design. We all have needs to fulfill, we are all consumers. Functionality of a product is an element that should never be absent in anything that is sold in the market. This is extremely clear from the way consumers behave, who will instantly request a replacement or product servicing for any recently purchased broken or defective items. Part B: Is the right price a fair price? One of the factors influencing A consumers purchasing behavior is pricing. This is due to the fact that everyone must prioritize our spending choices due to budget constraints. We are all advised to be sensible consumers and only purchase what we need in order to stay within our financial means. The question of whether prices should reflect the value that consumers are willing to pay or if prices should primarily just reflect the cost involved in making a product or service comes into picture. This raises a number of concerns, including the isolation of many customers who fall into the lower income category. As a result, only the wealthy can afford their items, allowing them to disregard the ramifications of their unfair pricing wow the poor are severely impacted. I would suggest that unfair pricing, also known as right pricing, is something that all businesses should follow, especially because it benefits both the company and the customers.
References: Keller, Phillip T. Kotler, Kevin L. Marketing management. Available from: viral source bookshelf, (15 th Edition). Pearson Learning Solutions, 2017.
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