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- How do companies make long-run pricing decisions?People usually interchange "brand" and "product" in their daily conversation. As a marketing professional, discuss the difference between a brand and a product. Use appropriate examples from both service and non-service sector.What are the nature of product sold in perfect market ?
- How would you define major components for a supermarket?Define supply, demand, prices and marketing. and explain the relationship between these concepts.Why do some frozen pizzas cost more than others? Think generic versus name brand. Why would a customer opt to purchase a name brand pizza over a generic brand?