Cost in marketing involves considering expenses incurred in production which affect pricing decisions and consumer choices.
Cost in marketing refers to the expenses incurred in producing goods and services, which influences pricing decisions. For example, Donatello assessing manufacturing costs to determine wholesale prices illustrates the concept of cost in marketing. Additionally, time spent and cost considerations play a crucial role in deciding between expenditure-intensive and time-intensive goods, showcasing the impact of cost on consumer choices.
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