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- 1. Definition beauty products of marketing. 2. Definition food products of marketing.18. An Estimate price, which is expected to be paid by the customer for a particular market offering is classified as____ a. Target Price b. Target service c. Target Cost d. Target ProductQ6. Determining how to compete requires a firm’s management to consider which of the following factors? Factors critical to successfully competing in its targeted markets An external market analysis An evaluation of what criteria customers use to make buying decisions Availability of product substitutes All of the above
- 6 Explain ethical standards and consumer rights and responsibilities - Explain what are the ethical standards that cover• Privacy, confidentiality and security of customer information• Disclosure of material facts, conflict of interest and referrals• Price guide recommendationsIn your report be aware we are not looking for the legislation that governs these behaviours but rather the ethical principles and considerations you should consider when dealing with those issues.Costing systems attempt to explain how products consume resources but do not indicate the joint benefits of having multiple products.”Required:Citing examples of at least two costing systems,a. Explain the statement above.b. Explain how the addition of a new product to the product range may affect the cost of existing productsc. Outline the consequences, in terms of profitability, of decision to increase/decrease the product range.d. Identify six costing systems.Colloids 1. Compare consumer products on the basis of their components (ex. use safety, quality and cost)
- 4. Blistex was reviewing price and promotion alternatives for two products in its line: Regular Blixtex and Sensitive Lip Blistex. The price and promotion alternatives for the two products by their respective brand managers include the possibility of using additional promotion or a price reduction to stimulate sales volume. Here's what we know. Blistex Regular Blistex Sensitive Lips 2.00 Unit Price Unit Variable Costs 0.25 Unit Contribution 75 $1.00 1.40 .60 Unit volume 1,500,000 1,000,000 Both brand managers are considering either a price reduction of 5% or an incremental increase of $100,000 in advertising. 1. What absolute increase in sales units and dollar sales will be necessary to recoup the incremental increase in advertising expenditures for Regular? How about for Sensitive Lips? 2. What is the absolute increase in unit sales and dollar sales will be necessary to maintain the level of total contribution dollars if the price of each product is reduced by 5%96 A lender should not extend a higher-priced mortgage to a borrower before obtaining which of the following items? A) Nmls listing B) Fair market value C) A written appraisal D) County tax assessmentIn relation with the "Cost Leadership Strategy". Explains the bargaining power of buyers. (explains extensively)
- Plz briefly and short answer ♥️Q1. Explain the benefits and challenges of CRM? Customer relationship managementRequired: A. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit?B. Calculate all the required variances and present the variance analysis report.