Marketing & sales difference? How will you decide the pricing

Question

Accepted Answer

Marketing focuses on promoting products/services, while sales involves direct selling. Pricing decisions are based on market research, competition, costs, and value proposition.

Marketing involves creating awareness and generating interest in products/services, while sales involves closing deals and generating revenue.
Marketing focuses on long-term brand building and customer relationships, while sales focuses on short-term revenue generation.
Pricing decisions are typically based on market research, competition analysis, cost of production, and the perceived value of the product/service.
Factors such as target market, pricing strategy (e.g. cost-plus pricing, value-based pricing), and positioning in the market also influence pricing decisions.
For example, a luxury brand may use premium pricing to reflect exclusivity and quality, while a budget brand may use penetration pricing to attract price-sensitive customers.

Marketing & sales difference? How will you decide the pricing

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Marketing &amp; sales difference? How will you decide the pricing

Top TRL Krosaki Refractories Marketing Executive interview questions & answers

Popular interview questions of Marketing Executive

Top HR questions asked in TRL Krosaki Refractories Marketing Executive

Marketing & sales difference? How will you decide the pricing