For questions 32-35, use the word list to label the circular flow diagram.
Q: answer question 1 and 2 on problem 1
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Q: Calculate the mean absolute percentage error (MAPE) for the cost equation you developed above.
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Q: What is the break-even quantity?
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- A. Explain the following based on CRM – Customer Relationship Management:1. Customer Centric Approach2. Attract Customers3. Delight Customers4. Amplify Sales5. Go Mobile.Table: Factors causing the decline in salesFactors % ContributionDelayed deliveries 15%Lack of delivery personnel 8%Inaccurate sales orders 25%Wrong deliveries 32%Delayed invoicing 6%Pilferage 7%Expired items 7% a. Following the Pareto Principle, what are the vital factors or main contributors to the decline in sales? Show your Pareto Chart and indicate or label the vital factors or contributors to the problem.Hint: know the vital few % b. What are the vital factors or vital contributors to the problem? c. If the sales and marketing manager wants to reduce the impact of vital factors or contributors by 70%, what will be a good GOAL Statement to improve his sales problem?3. When considering customer satisfaction, the relationship between the consumer's and the product's is important. O information; actual features O alternatives; price O attitude; performance O expectations; perceived performance
- & A company's marketing mix consists of the following elements: Oa. Product, promotion, place and price Ob Price, product, promotion and people Oc Promation, price, production and people Od. Product, price, pracess and people 22 When backed by buying power, consumer wants become O a. Products Ob Demands Oc Purchase Od. Needsusing sage 50 what steps can we ignore in: -sales process( sales Invoice, Sales Order Sales Quote and Proposal, Receive Money From Customer) - purchasing process( Enter Bill, Purchase Order, Pay bill) ( if we allowed to ignore more than one please mention all) what are the steps For: purchasing process: Selling ProcessBCG Matrix analyzes "questions marks" as difficult to assess because of uncertain future of these products. The success or failure of question mark product depends on ________. Question 9 options: market share fluctuation competitive strategy success of marketing campaigns strategic financial investment
- 1. Discuss the relationship of product and customer’s needs. 2. Discuss the relationship of price and cost of the customers. 3. Discuss the relationship of place and convenience. 4. Discuss the relationship of promotion and communications. 5. Are 4Cs important in marketing? Why? 6. Why is there a need to discuss 4Cs in marketing?Identification. Give the term to what is described. 1. It refers to products or services that prospective buyers can buy and use that are similar to the desired product for a lesser price. 2. A strong competitive force when they comprise a large portion of the demand and purchase a sizeable percentage of industry products. 3. It is a conscious arrangement of rules to direct choices and accomplish objectives. 4. It is a conscious arrangement of rules to direct choices and accomplish objectives. 5. A planned course of actions taken that will guide an individual or group to achieve one or more goals. 6. It determines a course of action to achieve the set goals and objectives. 7. It exists when many sellers offers similar products that are not perfect substitutes for one another. 8. It is characterized as a deliberately formalized design of positions or jobs for individuals to fill in an organization. 9. It is a new product with the potential for success, but they need a lot of cash for…1.Using scanner data from grocery chain, marketing analyst determined that revenues from branded products were 20% higher than sales of private labels (store brands). Analyst concludes that _____ of branded items is ______ than those of private labels A. brand power; lower B. brand equity; higher C. brand power; higher D. brand equiy; lower
- The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. Questions 1. Provide a discussion on the 4P’s of the marketing mix for a product of your choice. 2. Determine the market segmentation for the product discussed in question 1 above.2/List and discuss the major bases for segmenting consumer and business markets. (Market segmentation). P. 213Plz answer ....Why customer loyalty is important for a firm?