Micron: Business Analysis

Marketing includes is the art of executing Pricing, Promotion, and distribution of a company's Ideas, goods, and services that will lead to efficiency. These are tactics Micron uses typically is so that both consumer and the organization reach their goals. The Marketing team at Micron makes sure that the product that consumer is willing to pay for is priced at a right level. The team is also responsible for getting the information about the product is widely available for the consumer. A business cannot fulfill it objectively without providing valuable information important customer. Just because a very innovative product is made doesn't mean it is going to be successful. Having the product thrive will mean you need to have it widely available, reasonably priced, and uniquely promoted to reach the masses. There's a way to plan your tactics In marketing, which is called the marketing mix. The mix has to do with detections within controlled variables. The logic behind the marketing mix is called the 4 Ps which consist of price , product, promotion, place. These are all very crucial in planning out how a company gets its product to sell. …show more content…
Price is the expected due payment when a product or service is expected or done. If a product has little value to the consumer a company must find an equilibrium point to price their product. Micron did $12,399 per share amount in net income in 2016. They had a net income loss of .27 loss, which meant their pricing wasn't exceeding the cost of goods. That would be linked to the marketing team not pricing their products high enough. Micron must not have produced their product in an efficient way to bring in more net