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Markets are classified as consumer markets or
business-to-business markets.; True or False
Step by step
Solved in 2 steps
- In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?Which dimension is related to market competition? A- Socio-cultural dimension B- Natural dimension C- Economic dimension D- Social dimensionThe Producer Price Index is based on prices paid forsupplies and inputs by: a)the small businesssector b)government c)producers of goods and services d)consumers
- Evaluate the Government’s effort in trying to resolve the market failures in these in the aviation and tourism industries and the restaurants.marketing reserch is the systematic and objective identification, collection, analysis, dissemination, and use of information for the purpose of assisting management in decision making related to the identification and solution of problems (and opportunities) in marketing. 1) true 2) falseA company has invested a significant amount of money in a marketing campaign, but the campaign has not generated the expected results. How can the company determine whether the problem lies with the marketing strategy itself or with other factors such as market conditions or competition? What steps can the company take to adjust its marketing strategy accordingly?
- Find words which mean the following. 1 a company's sales expressed as a percentage of the total market 2 short-term tactics designed to stimulate stronger sales of a product 3 the situation in which there is only one seller of a product 4 companies offering similar goods or services to the same set of customers 5 a short and easily memorized phrase used in advertising 6 the division of a market into submarkets according to the needs or buying habits of different groups of potential customers 7 a small and specific market segment 8 a factor which makes you superior to competitors in a certain respect 9 a business's total sales revenue 10 a period during which an economy is working below its potentialDiscuss the divergent and convergent contributions to Efficient Market Hypothesis from 1970 to date.True or False: Total Market demand can be expanded by less usage. Marketers can try to increase the amount, level, or frequency of consumption. They can sometimes boost the amount through packaging or product redesign. A responsive marketer finds a stated need and fills it. An anticipative marketer looks ahead to needs customers may have in the near future. A creative marketer discovers solutions customers did not ask for but to which they enthusiastically respond. The market challenger can attack the market leader. This is a high-risk but potentially high-payoff strategy and makes good sense if the leader is not serving the market well.
- evaluate the Government’s effort in trying to resolve the market failures in these in the aviation industries and the tourism.Scenario: You work for a Cranberry company/farm in Nova Scotia trying to enter the Cranberry market in Australia Describe the type of consumer who buys the product (Cranberries) in Australia. How do they make the buying decision? How do they use the product?in australia context: Which of the following is NOT one of the indicators of conducting a business? Select one: The fact that the enterprise is involved in illegal activities The size or scale of activities carried out by the enterprise The fact that the enterprise is profit driven Whether owners underwent training/ hold qualifications to operate the enterprise All of the statements are indicators of conducting a business