Marketing Mix: Understanding Price in Marketing

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10 Questions

What aspect of the university experience involves faculty and staff?

People

Which element of the Services Marketing Mix includes campus facilities and online learning platforms?

Physical Evidence

What can the university offer to reach a broader audience, according to the text?

Place

Which Marketing Mix element may involve social media campaigns and collaborations with high schools?

Promotion

What contributes to the overall efficiency of the educational experience, according to the text?

Process

Which Services Marketing Mix element involves savings accounts and checking accounts in the case of a bank?

Product

What could be an example of 'Price' in the context of a university?

Interest rates on loans

Which factor is associated with the university's image as per the text?

Physical Evidence

In what context can 'Process' be significant for a university?

Admission procedure efficiency

Which element of the university experience focuses on friendly and knowledgeable staff?

People

Explore the concept of price in marketing and how it relates to customer value. Learn about different pricing strategies and the importance of customer value-based pricing.

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