Distinguish between pricing policies and strategies. What are the objectives of pricing decision in marketing management? Elaborate upon prominent pricing policies.
Describe the different patterns of distribution channels and explain the components of physical distribution system in marketing management.
The marketing organization provides base for marketing decision. Explain this statement and discuss the significance of marketing organization in controlling the marketing operation.
"Lack of product planning implies managerial bankruptcy in the organisation". Explain the importance of product planning in reference to the statement.
"Money spent on advertisement is an investment" and "money spent on advertisement is a waste". Reconcile these two statements and conclude.