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The short answer is that it does work on services, though I believe the impact variable is from .92 to .85. (see my example above) There are also economies of scale and large purchase discounts such as for advertising.
Focus on profit maximization goals rather wealth maximization. Heavy advertisement to boost sale if you take life cycle approach companies doing same thing investing heavily on customer relationship brand loyalty unless or until their product enters in growth stage where market share high
If you find this video helpful, don't forget to like it! and SUBSCRIBE TO the tutor2u Channel to be alerted as soon as we've uploaded new topic videos like this one.
well explained
This was a great video!
Thanks for the lovely feedback! Always appreciated!
Thank you very much for this video!
What is the impact of experience curve on Marketing strategy
The short answer is that it does work on services, though I believe the impact variable is from .92 to .85. (see my example above) There are also economies of scale and large purchase discounts such as for advertising.
Wonderful ❤️
what is the way to recover the fixed cost in the early days for a new entrance and then subsequently recover variable cost and earn profit only.
Focus on profit maximization goals rather wealth maximization. Heavy advertisement to boost sale if you take life cycle approach companies doing same thing investing heavily on customer relationship brand loyalty unless or until their product enters in growth stage where market share high
To the point and well presented. Thanks for this video!
Glad you enjoyed it!