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Design In A Business Context Case Study

753 Words4 Pages

Design in a business context
Key Concepts
Stewardship
Is an ethos that exemplifies the responsibility, supervision and protection of planning and management of resources. The act of stewardship can be applied to the environment, economics, health property, etc.
Marketing mix
The marketing mix is a business tool that involves using a set of tactics or actions used in marketing and by marketers. The marketing mix is often crucial when promoting a product or brand in the market and is often associated with the four P's: price, product, place, and promotion

Price: refers to the value that is put for a product. The price depends on costs of production, target market, ability of the market to pay, supply - demand and other direct and indirect factors.

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