Q: Summarize current trends related to customer data, analytics, and technology
A: Ans. Introduction Big data analytics, customer marketing, versatile innovation, and virtual…
Q: nt important
A: Types of marketing environment: 1. Marketing specialists deal with the resources, corporate values,…
Q: Reccommendations for Nike to become more sustainable
A: Ans. Introduction Maintaining a business in 2022 is hard. Of the multitude of issues confronting…
Q: Managers often work long hours at a hectic pace. Would this type of career appeal to you? Explain.
A: There was little solid information on the advantages of working long hours. It created chances for…
Q: demographic segmentation and Psychographic segmentation
A: Market segmentation is a marketing term that refers to bringing together buyers who will be groups…
Q: What are some sources of negative public relations?
A: Public relation is brought through using media coverage to attach customers awareness towards brand.…
Q: What is a target audience? How does a marketer analyze the target audience after identifying it?
A: All marketing strategies begin with 3 tasks on a preliminary basis. These three activities are…
Q: What type of factors do you think most affect Louis Vuitton’s pricing decisions?
A: Pricing- The procedure whereby a company sets the price at which it would sell its goods and…
Q: Select a basis for pricing your product (cost, demand, and/or competition). How will you know when…
A: Price setting distresses the regular lives of the customers in several ways. The price of the…
Q: What role should word-of-mouth communications, buzz marketing, or product placement play in your…
A: Promotion is the activity that is aimed at providing product information and making customers aware…
Q: Describe the components of service quality and the gap model of service quality
A: The quality of service, in its modern concept, is the expected expected comparison of the service…
Q: Discuss the growing importance of scanner-based research
A: Marketing research is said to practice which is associated with data collection and data analysis.…
Q: What is a capital-intensive technology?
A: Technology is the application of science to solve the challenges in our daily life and bring luxury…
Q: What are the advantages and disadvantages of marketing a meatless burger under the Impossible brand
A: Marketing is a process in which firms compels its consumer to buy their product and services.…
Q: Most international signs consist mainly of symbols with minimum or almost no words in them. Would…
A: International signs is the language developed to communicate in and to the different people living…
Q: Provide some examples of ways in which service procedures might be improved.
A: Customer service has developed multi-folds as the industry has changed so much that now the…
Q: Give a scenario wherein there is a “First-Mover Advantage” and “First-Mover Disadvantage”.
A: The first-mover advantage refers to firms that are the first to marketplace, giving them a…
Q: What is meant by line authority.
A: Line authority is the power granted to someone in a managerial role to direct subordinates' conduct.…
Q: Explain the concept of competitive intelligence
A: Among the most important factors impacting a company's capacity to remain competitive is a thorough…
Q: Process engineering and inventory management focuses on what is being carried - work, cash, and…
A: Inventory management is a vital for successful operations of a business. A firm can save major costs…
Q: What is a task force?
A: A task force's "task" component can be a one-time project relevant to the organisation. A task force…
Q: Discuss the effects of advertising on market share and consumers
A: Advertising is the form of promotion which is popular for using media such as television, radio and…
Q: Explain any two (2) components of attitudes using examples
A: Attitude illustrates an individual's feelings, opinions, and beliefs about features of his/her…
Q: Explain a labor-intensive technology.
A: The factors of production is known as all elements which are essential for producing products with…
Q: State the disadvantages of matrix structure.
A: An organizational structure is a business idea that clarifies the way business activities are…
Q: One of the potential problems, among others, by implementing marketable pollution permits has been…
A: It;s a program where state or city govt issue certain quantity of pollution permits.
Q: The first Target store opened in 1962. Its initial strategy was to set prices low to attract a large…
A: There are different types of pricing strategies and according to different business suitability they…
Q: Show what business process could be improved by using e-business technologies to enhance the…
A: Technology is innovation, and business innovation is doing different things to provide better…
Q: Describe social media, how they are used, and their relations to integrated marketing communications
A: Integrated marketing communications is the process of organizing, planning, and monitoring the…
Q: Life Cycle. Product Development Stage Introduction Stage Growth Stage Maturity Stage
A: A product is created by the company to serve the needs of customers. It will act like a tool which…
Q: Is it (A) True or (B) False that: Strategic alliances are government mandated agreements between…
A: Ans. Introduction A strategic alliance is a game plan between two organizations to embrace a…
Q: We need 8 specific objective STRATEGIES IN THE MARKETING CHANNELS Our Company name is Radiance…
A: Marketing Channel refers to all the intermediaries which are involved in the Supply Chain management…
Q: How American Manufacturers Compete in the Global Marketplace?
A: Concept Of Global Marketplace - Global Marketplace, is a concept which is used in order to define…
Q: Describe team selling and relationship selling
A: Selling is the most perilous business operation because the destiny of the product depends upon how…
Q: What is meant by Production Capacity?
A: The development of product is the step which is associated with designing new products or making…
Q: Describe the major goals of personal selling.
A: Personal selling, often known as face-to-face selling, happens when a single person, the salesman,…
Q: 1 Product line extension occurs when a firm’s management decides to add products to an existing…
A: A product line extension techniques is a way of making new products for current customers or…
Q: Based on your experience, which marketing tools stimulate your purchasing decision online?
A: Note: As per the guidelines no personal experience example must be provided. However, the answer…
Q: Give 3 Muddiest Point and 3 Learnings about Pricing Policy
A: Muddiest Point is a strategy used in class which allows teachers to know about students'…
Q: Explain how marketers analyze competitors’ prices
A: A marketer has to understand the expenses of competing brands. When nonprice competition is…
Q: what are the different generic strategies as formulated by Porter and how do these lead to…
A: The relative position of a company in the market helps in determining if the profitability of the…
Q: What are the upside of social media in critical thinking?
A: Social media: It demonstrates online communication that permits an individual or business to…
Q: Describe the steps in developing a media plan.
A: Concept Of Media Planning - Media Planning, is a kind of concept, which is defined as a form of…
Q: When online encyclopedias were first introduced to the market, sales of hard copy encyclopedias…
A: A business doesn't operates in isolation there are various factors which impact the profitability…
Q: What is meant by an organization?
A: Organizations are all the time more reliant on social learning to deliver attractive e-learning…
Q: Segmentation. State its purpose
A: Marketing is basically to create customers and retain them for very long. It creates an exchange…
Q: In what situations may a company opt not to create a website? Why would a firm not have a web…
A: In the modern business world, websites are very important for various companies. Creation of…
Q: explain in details Disney's brand community and how it operates
A: Walt Disney company was established in 1923. It is headquartered in california, United states. It is…
Q: Identify the six stages in the process of establishing prices.
A: Price setting influenced the regular lives of the customers in a great manner. The price of the…
Q: What are the main benefits and concerns of mobile advertising?
A: Nowadays more and more people are spending time on their mobile phones or smartphones. So it is a…
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- In your own understanding, Explain briefly the role of the Product life cycle model in Marketing Management? Please share own your thoughts and use your own words. Thank youExplain FOUR (4) strategies of marketing mix with example relating to different products.Use the marketing process to examine and evaluate each of these factors about the products. Consider what Formula Botanica says about hair trends, and highlight the environmental factors that affect your function in the marketing of this product.• Understanding customer needs and wants;• Market offerings: bundle of benefits;• Being aware of market myopia;• Marketing, customer value and satisfaction; and• Exchanges, transactions and relationships and how it leads to market,
- 1 Use the marketing process to examine and evaluate each of these factors about the products. Consider what Formula Botanica says about hair trends, and highlight the environmental factors that affect your function in the marketing of this product. • Understanding customer needs and wants; • Market offerings: bundle of benefits; • Being aware of market myopia; • Marketing, customer value and satisfaction; and • Exchanges, transactions and relationships and how it leads to market.Explain with an example of a product or service how to use the 4 P's of marketing.What is the USP, brand equity and customer based brand equity of the online soft drink brand?
- Technological substitution that creates valuefor customers often causes the decline stagein the product life cycle. Will e-mail replace faxmachines?Why is the world's number one selling brand of chain saw not sold at Lowe's or The Home Depot?Discuss some examples of brands of foods , jeans , athletic shoes products that are positioned to deliver different value to consumers ?
- Select three everyday products and show how these different products might be aimed toward different market segments. Explain how the marketing mix different for each segment.Choose a company. Step 1 Why have you chosen this particular company/brand? How is this company/brand unique in the marketplace? Step 2 Who is the company/brand targeting? In what countries is the company present? How has it segmented its market? Step 3 In what ways is the company/brand addressing the needs and wants of its target consumers in different markets?Q1: Analyze the concept of Marketing and its importance in today's society?