A square yard is when you square two sides that measure 3 feet each. That is, 3 feet in width times 3 feet in length equals 9 squared feet (3 x 3 = 9). A cubic yard, as described above, is when you cube 3 feet. That is, 3 feet times 3 feet times 3 feet equals 27 cubed feet (3 x 3 x 3 = 27).
DEFINITION of 'Market Orientation'. A company philosophy focused on discovering and meeting the needs and desires of its customers through its product mix.REAKING DOWN 'Market Orientation'. As was proved in the recent history of the automobile industry, the idea that companies can create a product and sell its features to an eager buying public is no longer concrete.
Pricing Strategy. One of the four major elements of the marketing mix is price. Pricing is an important strategic issue because it is related to product positioning. Furthermore, pricing affects other marketing mix elements such as product features, channel decisions, and promotion.hile there is no single recipe to determine pricing, the following is a general sequence of steps that might be followed for developing the pricing of a new product: Develop marketing strategy-perform marketing analysis, segmentation, targeting, and positioning.