Q: 7_________Joshua majored in entrepreneurship and computer science in college. After graduation, he…
A: Any organization is surrounded by several external and internal factors which can be either…
Q: Define the term marketing plan.
A: A marketing plan is a step-by-step guide to introducing and delivering your product or service to…
Q: What is market share?
A: Market is defined as place for executing exchanging process which means products are sold to…
Q: What is the customer lifetime value (CLV)?
A: Customer lifetime value (CLV) is a business metric that determines how much a company can expect to…
Q: Provide SWOT analysis of SM Investment Corporation Note: Give five (5) factors per letter.
A: SMIC stands for SM Investments Corporation and is a holding corporation. It operates in the retail,…
Q: What is the reason that a product declines?
A: A decline is a fall or descent, and the decline stage in the product life cycle represents similar…
Q: What are the Profit-Oriented Pricing Objectives?
A: The pricing objective of the company becomes the basis of what pricing strategy will it use to price…
Q: Explain environmentalism and consumerism. How are they linked to marketing strategies? Provide…
A: Marketers are now seeing environmentalism and consumerism as a chance to serve buyers better by…
Q: 8.__________As a process of self-examination during her senior year of college, Sara decides to…
A: Business environment refers to the various micro and macro environment which surround the business…
Q: Why must firms introduce new products?
A: The development process of product is strategy in which firms make improvements in products quality,…
Q: Use a clear example to explain the product life cycle idea in detail
A: Concept Of Product Life Cycle - Product Life Cycle, is a type of concept, which is described as the…
Q: Can a product line be a product mix?
A: Product is said to item which has certain features and values to satisfy customers' needs. The…
Q: State the two types of branding strategies.
A: A product that is well received by the target audience can change the business. As consumers become…
Q: How might adoption of the marketing concept benefit a firm? How might it benefit the firm’s…
A: A marketing idea helps in identification of client desires and needs or product and services,…
Q: How psychological pricing is different from differential pricing?
A: A pricing strategy is a plan of action in which a price is determined for the product depending on…
Q: How to Set a Price on a Product?
A: Product is the major elements based on which marketing mix elements are developed for generating…
Q: What is meant by the term Adjourning?
A: Communication is very important in every field. It has to transfer ideas and thoughts between people…
Q: How marketing concept is implemented?
A: A solid marketing implementation strategy aids in the transformation of plans into processes. It…
Q: Some firms do not delete products until they become financially threatening. What problems may…
A: Product deletion is a process in which, product which is failing or not performing well, gets…
Q: Why owners of store brands can offer lower prices?
A: A private brand is a brand created for and sold under the name of a specific merchant, competing…
Q: What is the reason that multiple-unit packaging does notwork for infrequently used products?
A: Packaging can be explained as the wrapping or the covering of the product to protect the product…
Q: Define the term wholesaler.
A: Wholesalers assume a significant part in the advertising channel structure. Several channel systems,…
Q: Name the phases of new-product development.
A: In today's dynamic and competitive small business environment, new product development is a critical…
Q: What are the benefits of retaining customers?
A: Customer retention refers to a business's capacity to convert consumers into repeat purchasers and…
Q: Which are the Several factors that affect the elasticity of demand?
A: The demand is elastic if the formula returns an absolute value larger than one. Inelastic demand…
Q: What is the importance of possession utility?
A: The economic utility can be defined as the total amount of satisfaction gained from consuming a…
Q: What are the benefits of uniform delivered pricing?
A: Pricing will help the company to bring in profits. There are various cost which will be calculated…
Q: What is meant by the allocator?
A: The operating employee is a resource allocator. An allocator or a resource allocator is a vital…
Q: State the major ways to improve a product mix.
A: Concept Of Product Mix - Product Mix, is a kind of concept, which is also known as the product…
Q: What is the role of business analysis?
A: The examination of how dynamic a market is and what changes take place in the market is called…
Q: Who is the middleman?
A: Middlemen: In a distribution or transaction chain, a middleman acts as an intermediary, facilitating…
Q: Explain the characteristics of merchant wholesalers.
A: Wholesalers assume a significant part in the advertising channel structure. On the other hand,…
Q: It is important for companies to eliminate ways in which customers are turned off, and build loyal…
A: You understand as a business owner that your customers are the lifeline of your operation. That is…
Q: a significant increase in the number and variety of online courses has been observed in recent…
A: With the digital revolution and also the unbelievable usage worldwide web, our lives have become…
Q: What are the disadvantages of competition-based pricing?
A: Setting prices for your products or services is more complicated than a simple calculation. Prices…
Q: How loyalty helps to increase encourages retailers?
A: Every company's lifeblood is customer loyalty. Customers that are loyal are more likely to make more…
Q: What is Multiple-unit packaging?
A: The packaging depicts the wrapping or the outer cover of the product to prevent the product from any…
Q: How product life-cycle leads to new product development?
A: Marketers, executives, and designers all benefit from understanding the product life cycle. It…
Q: Assume that you need to do a market research before launching a "car service at doorstep" business.…
A: Market research is backbone for every successful Product or services before launching it at the…
Q: What is meant by comparison discounting?
A: Determining the present value of a future payment or stream of payments is known as discounting.…
Q: How did the results of the Hawthorne Studies influence researchers’ thinking about employee…
A: The human relations era, which began in the 1930s and focused primarily on how human behaviour and…
Q: Explain Elastic demand?
A: The elasticity of demand refers to the responsiveness of a quantity demanded of a good to change in…
Q: Why is sales forecasting important?
A: To make informed decisions, an accurate forecast of future sales is required. Sales forecasting is…
Q: Explain Markup Pricing?
A: Pricing methods are the techniques used to determine the final price of goods and services by taking…
Q: What combination of motivational techniques do you think would result in the best overall motivation…
A: Motivation techniques are very effective for an employee's overall development in the organization.…
Q: Name the different channels of distribution generally are used to move consumer and business…
A: Distribution is said to procedure used to spread the product in different market places at different…
Q: How comparison discounting can impact customers’ decisions?
A: The discounts are calculated by the sellers by multiplying the discount percentage with the initial…
Q: What is meant by the term Morale?
A: People come together with a common objective to create company. Companies therefore is operated by…
Q: Explain Value Is Based upon Perceived Satisfaction?
A: Customer perceived value is an important marketing term that influences how marketers advertise and…
Q: Define Non-price competition.
A: Competition in market is said to be inevitable which means it cannot be eliminated but could be…
Define Demand-Oriented Tactics?
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