See instructions below Term Paper Example | Topics and Well Written Essays - 1500 words

See instructions below - Term Paper Examplestrategy. The strategy exit build on the companys controlling positions in the market and in turn impute them in a great position that will enable them improve profits over time. at that place are several important factors in the retail business that determine the success or tribulation of any business. Among them is advertising, product, distribution, price, and so on. level so, pricing remains salient of these factors since it is the only one that generates revenue for the business. well-nigh managers focused on product marketing considered all the other marketing aspects but gave pricing second thought throughout the strategizing process. Currently, a lot of firms gift adopted the guide throughout their pricing process and have seen incredible optimization of the whole marketing process bringing in profits and maintaining a agonistic advantage. Wal-Mart, Target, and Amazon are some of the most no-hit firms in the world. Actually, all top in their particular line of business. Amazon retails goods throughout the world through the internet while Wal-Mart chain is the most successful retailer in the world. Both are household names. The three firms have taken advantage of pricing as a strategy to increase sales and boost their revenue. As will be discussed after in the paper, pricing is an imperative factor in marketing and has colossal impacts on sale of goods and services.Even if a company adopts the other marketing strategies (advertising, product, and distribution) efficiently, ineffective pricing can have detrimental do on the financial status of a company. While most firms know that this is the case, research shows that pricing as a strategy is continually being poorly adopted. Researchers and economists such as Thomas T. Nagle have, as a result, sought to create a universal guide where business men and company executives can take over ideas from if they want to execute