Arms Length Price Definition and Explanation PDF Download
Learn Arms Length Price definition in marketing with explanation to study “What is Arms Length Price”. Study arms length price explanation with marketing terms to review marketing course for online MBA programs.
Arms Length Price Definition:
Price charged by other competitors for the same or a similar product.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Arms Length Price Explanation:
It is a set of amount allocated by the organization for their products and services, whereas, at the same time the prevailing competitors in the market also charged the same prices to their product for the customers. In this process, buyer and seller of the product works independently, where they are not into any relationship with each other. It helps them to make business transaction without any pressure or interference of third party.
Keep Learning Marketing Explanations
What is Administered VMS?
VMS is an abbreviation of Vertical Marketing System. This system deals with the significant contributor of the product chain, which ...
What is Local Marketing?
Neighborhood promoting explicitly bases on a nearby administration, physical store or cafe. The majority of this present element's promoting endeavors ...
What is Price?
Cost is the measure of cash that your clients need to pay in return for your item or administration. Deciding ...
What is Relative Market Share?
Relative piece of the overall industry records an association's or a brand's piece of the pie against that of its ...
What is Expected Product?
The normal item level comprises of the basic items that fulfills the crucial advantages of clients, yet additionally their different ...
What is Creative Concept?
The create concept describe the core message of your campaign, this technique acts as a basic pillar of product marketing. ...