“Price” is also an all-inclusive term indicating the amount that goes into the creation, advertising, and sale of any given product. It includes the cost of physical products and everything that goes into them, any discounts that might be offered alongside the product, the strategy for how the product will be priced (perhaps variously, according to different markets), etc. Getting digital promotion methods right depends on having a strong understanding of how pricing works.
Getting any given
pricing model correct is a complex task. It includes the value of the product, the value that target groups will place on it, and how the pricing fits into a company's profit goals. It may well be that iPhones are just as highly desired in less affluent rural areas than urban ones, for example, but how many people will be able to afford them is a different question.
Marketers use different methods to set prices for different target groups. If you are marketing luxury perfume to people in Beverly Hills, for example, you have to set your price high because people won't take the product seriously otherwise.
Conversely, if you market body spray to teens in districts with average household incomes, they won't even consider the product unless it is cheap. If you want to gain the most advantages of digital promotion possible, hitting your target audience in the right way is essential.