What about Pink clothing line? Which types of customers affect the market for Pi

Question

What about Pink clothing line? Which types of customers affect the market for Pink products?

Are wages and salaries affected by the demand and supply of an occupation? If you examine the salaries of all jobs, you will discover that they are directly related to demand and supply. If we compare the earnings of a doctor and a receptionist, we will most likely find that the doctor is paid quite a substantial amount more than the receptionist. The reason for this is that the supply of doctors is lower while demand is higher. Due to the fact that physicians have more education and training than receptionists, they are more productive and therefore there is a higher demand for them. However, due to the fact that the medical education is so strenuous, there is a far smaller supply. The combination of low supply and high demand creates a higher equilibrium than the demand and supply curve of the receptionist.

Many students who are interested in high paying jobs use the information of demand and supply of occupation to their advantage. The demand for different jobs will impact what kind of majors you choose to pursue and the career field you want to go into. For example, employees who perform any kind of dangerous activity, such as testing medication or disposing of chemical waste, are often paid more than their coworkers. Also, jobs with night shifts are likely to bring with higher salaries, as there is are less people willing to work at night, and therefore, the supply is smaller. Therefore, by understanding and utilizing the concept of demand and supply, you can figure out how markets are affected.  

Explanation / Answer

1.Pink (stylized PINK), a subsidiary of L Brands, is a lingerie line by Victoria's Secret targeting younger women than their main line. The target demographic consists of youth from ages 15 to 22.

2.Various types of customers affect the market for Pink productsin various stages.When you introduce a new product to the marketplace, your marketing strategy has to target the type of customer who wants innovation and new features. You are at the business development stage of the product cycle, and you have to invest in promoting the product. This means your approach needs to highlight the product's unique capabilities and what it can do better than existing products. Your strategy is concerned with gaining exposure and gauging the reaction of the market. Aim your promotional initiatives at early adopters and people who have expertise and a reputation in the field of activity.If your product introduction is successful, the opinion leaders and early adopters you have targeted are spreading the word. Your marketing strategy then has to change to target a more mainstream type of customer.

3.Ofcouse wages and salaries are affected by the demand and supply of an occupation.If demand is more than supply of an occupation than definitely salaries will be more.If supply is more and demand is less than the wage will also be less.

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