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Describe the Six Steps of the Process That Marketers Use

question 70

Essay

Describe the six steps of the process that marketers use to establish prices.


Definitions:

Output

The amount of something produced by a person, machine, business, or industry.

Labor Hour

A unit of work or productivity measurement that equates to one hour of labor performed by an employee.

Operating System

The software that manages a computer's hardware and software resources, providing common services for computer programs.

Quality

The degree to which a product or service meets or exceeds customer expectations.

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