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Explain about the Marketing Information System.
As demonstrated in the given figure:
Figure: Marketing Information System
Marketing information System means the application of the system approach to the chore of collecting, analysing, interpreting and organizing, marketing information. As demonstrated in above figure marketing information has 4 sub system that is, internal records, marketing research, and analysis of information and marketing intelligence.
State the Pricing and factors affecting pricing decisions Price is the consideration in terms of money paid by consumers for bundle of benefits he/she derives by using service/
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