Q: What is meant by product-line pricing?
A: A set of products that need to differentiate through price and features at different price points…
Q: Name the categories in which business products are classified.
A: A product is something or service that is supplied to meet the needs or desires of a consumer. They…
Q: Under what conditions would a firm be most likely to use non-price competition?
A: Companies that use non-price competition strategies differentiate their products or services based…
Q: State the important features of a product.
A: Any item or service that you give to meet a customer's need or desire is referred to as a product.…
Q: Explain the product introduction stage.
A: Product Life cycle is said to a complete cyclical diagram which shows life stages of product in the…
Q: b.) Suppose the warden solicits volunteers to postpone their tour by offering increasing amounts of…
A: Answer b) Fran, Jack, and Jon volunteer to return the next day after being offered $15…
Q: What are the Factors That Affect Elasticity?
A: Price elasticity of demand can be denoted as the quantity demanded of a product based on the change…
Q: Why the process of business buying is different than consumer buying?
A: Business and consumers, both are important for the world. Production of goods and services takes…
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: If we use the model of the hierarchy of effects to define the communication objectives, in order for…
A: The hierarchy of effects model instructs advertisers to create advertisements in such a way that…
Q: What is meant by perishable products?
A: Fruit and vegetables, for example, continue to metabolize and respire after harvest. This means that…
Q: What is the importance of branding?
A: A Brand is a name, term, symbol design, sign or combination of all to differentiate the product of…
Q: What is meant by a shopping product?
A: Customers get leaping products comparatively regularly as well as to valuate them to marketplace…
Q: Describe the major approaches used in target market selection.
A: Ans. Introduction The most common way of controlling the marketing blend as far as separating items,…
Q: Define the term category management.
A: Management consists of the interconnected functions of developing corporate policy and organizing,…
Q: Which of the following is NOT likely to be found in a company with a marketing orientation?…
A: Concept Of Market Orientation - Market Orientation, is a type of concept, which is defined as a kind…
Q: What are the Objectives of sales-oriented Pricing?
A: Price is important because it can influence whether or not a customer buys a product. After all,…
Q: State the controllable elements of the marketing mix.
A: The 4 main variables which are designed by the organziations in the marketing mix are Product,…
Q: Why it is important to understand buying behavior?
A: Buyer behavior refers to people's decisions and actions when purchasing products or services for…
Q: Define target market.
A: Marketing ensures that product information and product reaches to customers who wants to consume it.…
Q: Describe cost-oriented pricing strategies
A: Pricing methods are the techniques used to determine the final price of goods and services by taking…
Q: Explain the process of materials handling.
A: Material Handling is the packaging and protection of materials, as well as their storage and…
Q: In what ways wholesalers help retailers?
A: A wholesale business buys huge quantities of items directly from producers or distributors and…
Q: What is odd-even pricing?
A: Odd-Even Pricing: It refers to the use of a numerical figure to influence a customer's impression of…
Q: Define the term marketing strategy.
A: Ans. Introduction A Marketing Strategy is the drawn out arranging of business targets that the…
Q: Explain The Importance of Price to Marketing Managers?
A: Marketing managers have the duties and responsibilities for development, implementation and…
Q: What is meant by warehouse club?
A: Retailers are people who purchase goods in small quantities from the wholesalers and sell them to…
Q: Social media become more toxic environment in the Philippines because... Give 3-5…
A: In the Philippines, social media has become a more poisonous atmosphere because... Social networking…
Q: What is the impact of the Extranet on marketing?
A: Concept Of Extranet - Extranet, is a kind of concept, which is defined as the controlled private…
Q: How do the different types of middlemen link a producer to a user within a marketing channel?
A: A corporation will typically go through several distribution channels to get a finished product to…
Q: What is the reason behind the failure of Amazon’s Fire cell phone?
A: About Fire Cell Phone - The Fire phone, is observed as the 3D enabled type of smartphone, which was…
Q: What is meant by the process of Marketing research?
A: Thousands of start-ups are launched each year, and each one of them believes that their idea will…
Q: What are the five stages of the consumer buying decision process?
A: Understanding the consumer decision-making process is critical for any business, but eCommerce…
Q: What are the advantages of having price leaders?
A: Price leadership, in marketing, is a pricing method set forth by marketers to entice more customers.…
Q: Business and individuals are choosing online or electronic communications rather than face-to-face…
A: Electronic Communication or E-communication is a technique of communication in which a person or a…
Q: Essay intruduction ro business
A: Business is carried out by any individual, organisation or enterprise, which is engaged in…
Q: Why is it important to consider the buyer’s sensitivity to price when pricing products?
A: Buyer's sensitivity refers to the extent upto which, consumers behaviour related to buying changes;…
Q: What are the benefits of a promotional allowance?
A: The discount and allowance facility is particularly important in the selling and distributing of…
Q: What is the difference between Institutional markets and governmental markets?
A: Institutional and government markets make up a not-for-profit market with the primary goal of…
Q: List and explain a variety of pricing objectives?
A: Pricing objectives refers to various type of goals that give suitable guidance to a firm, in order…
Q: What is a full-service wholesaler?
A: Wholesaling refers to any activities involved in selling goods or services to other businesses,…
Q: Why brand loyalty is a valued element of brand equity?
A: Brand Equity: Brand equity refers to the value premium that a corporation generates from a product…
Q: Under what conditions would a business most likely decide to employ one of the differential pricing…
A: Pricing is one of the most important tool with a company. It will help the company to increase the…
Q: Explain the term Utility in business.
A: Utility assists the marketers to evaluate consumer purchasing decisions and also pinpointing the…
Q: What is the difference between family branding and individual branding?
A: Brand: It involves a name, logo, label, symbol, and other attributes, which make a brand's product…
Q: Which are the most common methods of geographic pricing?
A: Companies typically use geographical pricing to reflect the various shipping costs incurred when…
Q: What is meant by an adversarial relationship?
A: Negotiation is a strategic discussion that associates with an acceptable issue for both parties.…
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: Discuss two major flaws of markup pricing.
A: Markup pricing is a method of determining the price of a product or service. This pricing combines…
Q: Identify the legal constraints on pricing decisions?
A: Legal changes include the introduction of new policies or making any law redundant for the…
Differentiate between independent retailers and chain retailers.
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