What are the typical methods of differentiation? A firm may differentiate itself from competitors through unique 8Ps of Marketing Mix.
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Demographic market segmentation includes age, gender, race and ethnicity, marital status, family size, occupation, income, language and religion.
This article defines a market and demand. It shows The Demand Curve and explains the relationship between price and demand by showing changes in demand.
Once we know about the most important equation in business, the other two crucial concepts need to be understood – Cost Centers and Profit Centers.