When it comes to fast food, one name that immediately comes to mind is McDonald's. With its golden arches and iconic brand, McDonald's...

Have you ever wondered why certain brands seem to understand your preferences and needs so well? Well, one of the secrets behind...

In today's world, where budget-consciousness is on the rise, economy pricing has emerged as a popular strategy for companies to capture...

In the world of business, there are many different functions that work together to achieve success. These functions are often referred to...

In the world of business, understanding your target market is key to success. Two common terms that are often used in marketing are "mass...

Psychographic segmentation is a marketing strategy that involves dividing a target audience into groups based on their personality...

If you’ve ever purchased an iPhone, you’re well aware that they don’t come cheap. Apple products are notoriously expensive, but did you...

Building a strong brand identity is essential for any business looking to stand out in a crowded marketplace. There are several...

For businesses to succeed in today's fiercely competitive business environment, a deep grasp of the marketplaces in which they compete is...

Ikea is known for their affordable, functional, and stylish furniture, but did you know they also employ specific techniques to get...

Apple is known for its sleek and innovative products that captivate consumers across the globe.

One useful tool for achieving this goal is the AIDA sales funnel. AIDA stands for Attention, Interest, Desire, and Action.

Organic growth is the process of growing a business through internal resources, such as increasing sales or developing new products, rather

In today's competitive marketplace, branding has become more important than ever before. It is the process of creating a unique identity or

Have you ever wondered why some products, such as Rolex watches, are priced significantly higher than others?

When it comes to global fast-food chains, McDonald's is arguably the most recognisable brand in the world and it's clear that the company ha

Price skimming is a pricing strategy used by companies to set a high initial price for a product or service and gradually lower it over time

One business that has successfully employed penetration pricing to disrupt the market is the ride-sharing giant, Uber.

The concept of the marketing mix, which includes the four essential components of product, price, place, and promotion, is crucial to the...

When it comes to international expansion, one of the most difficult challenges is adapting the marketing mix to meet the diverse needs...