Explain how a $45 Timex watch and a $10,000 Rolex watch delivervalue to respective target markets? Which factors account for thedramatic difference in watch prices?
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| Explain how a $45 Timex watch and a $10,000 Rolex watch deliver value to respective target markets? Which factors account for the dramatic difference in watch prices? |
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- Explain why you would be more likely 10 purchase thisproduct online or at a physical retailer in the futureWhat in-store characteristics could traditional retailers use to enhance the probability of purchase among individuals who visit a store? Describe each factor in terms of how it should be used, and describe its intended effect on the consumer for the following products: a. Perfume b. Ice cream c. Coffee after a meal e. B12 drinkable shots f. Motor oil d. Flowers from a supermarketThe consumer: describe the target market profile for the item below. Categories your it into cultural, personal, social, and psychological. Please provide 10 points for each category. Product : iBasket - Guopeng Liang Guopeng Liang
- What is customer lifetime value and why is it important? Justify your answer.Suppose you want to buy a Laptop and a tooth paste. By keeping in mind the consumer decision making process. Define the purchase process usedHow do marketers of watches use marketing and advertising to reinforce consumers to buy them? Give specific examples.
- How does a restaurant and its menu influence consumer "impulse purchasing" to increase sales (purchasing) as well as promote profits (buying items with higher margins) ?what is the rational relating to the buyer motivations and influences? THIS IS RELATING A T-SHIRT COMPANY that is selling t-shirts for $30Give two examples of recent purchases where the specific purchase situation influenced your purchase decision. Briefly explain how your decision was affected.
- How should manufacturers deal with consumers immediately after they make a purchase to reduce post-purchase dissonance? What are some effective actions, and from those actions, the desired effect(s) on the recent purchaser(s)?Describe FOUR (4) options you might take if your customer believes your product did not fulfill their needs.(1) What steps could a company take to determine theperceived value of its products in its target markets?(2) How can patterns of temporary price discounts“train” consumers to stop buying at full price?