Q: How does a customer’s decision-making time vary with the type of product?
A: Products are said as items being sold to customers that has potential for satisfying their needs. It…
Q: Jimmy knows that I studied marketing and needs my help. He needs to identify competitors and asked…
A: Market competitors are defined as those firms/businesses dealing in the production or trade of…
Q: Describe the environmental forces that affect a firm’s marketing decision and activities
A: Environmental forces in business refers to factors in a particular environment of business, that…
Q: Some brands achieve customer loyalty by retaining an air ofexclusivity and privilege, even though…
A: There are many brands that are present in the market which achieve customer loyalty by retaining an…
Q: Why is it important for young tech entrepreneurs to have access to help from established technology…
A: An entrepreneurial community's meeting place is an innovation hub. They are made up of people who…
Q: What are the benefits of retaining customers?
A: The customer lifetime value (CLV) is a measure of a consumer's value to a business amid one's…
Q: What are the major reasons for conducting marketing research?
A: Marketing Research- The procedure by which a business collects information about its deal consumer…
Q: How do e-businesses generate revenue streams, reduce expenses, and earn a profit?
A: E-business- The administration of conducting any company using extranet, internet, web and intranet…
Q: Why there is so much fuss about adopting the big picture approach to capacity planning in business…
A: * Introduction - Before diving deep and understanding how adopting a big picture strategy affects…
Q: When it comes to
A: Productivity is a measure of economic performance that compares the number of goods and services…
Q: How would you describe Food Network’s product mix in termsof width, length, and depth?
A: In terms of width, length, and depth, Food Network has a strong product mix of its own. Talent,…
Q: When speaking about social media software, how would you describe it in scm?
A: Ans. Introduction Today practically 3.5 billion individuals which offers the greater part of the…
Q: Describe three major types of pricing associated with business products.
A: Pricing- The procedure whereby a company sets the price at which the company would sell its services…
Q: _______ The process involves receiving and filling customers’ purchase orders.
A: Order processing is a critical component of order fulfillment that occurs after a customer places an…
Q: Given the fast pace of everyday life, most people often feel there is not enough time to do…
A: Social Media- A computer bases technology that would facilitate the thoughts, sharing of ideas and…
Q: Storekeeper Duties & Responsibilities
A: Storekeeper is the person who is responsible for the stick of goods and inventory and manages all…
Q: _______ Its focus is to facilitate sales transactions between businesses
A: Marketing works for business by formulating strategies to attract and promote business goods and…
Q: What is physical distribution? Which major functions does it include?
A: Chain of distribution gives business benefits to distribute goods into different geographical…
Q: Examine the three major pricing methods that firms employ.
A: Pricing Methods- The ways in which the goods and services prices can be calculated by considering…
Q: Explain the four stages of the product life-cycle
A: An item's life cycle is from an item initially being acquainted with buyers until it is eliminated…
Q: corporate data modeling and how does it work
A: The procedures of providing a clear image of an entire information system or parts of it so as to…
Q: Define brand equity and describe the four major factors that contribute toward brand equity. What…
A: A brand is an intangible marketing or commercial idea that aids in the identification of a firm,…
Q: Explain the purposes underlying data analytics and why this approach has become so important to…
A: Companies can collect and analyze data with data storytelling and present insights in the form of…
Q: The macro-environment consists of forces that give rise to opportunities and pose threats to an…
A: The business environment comprises factors that have a continuous influence on the business and…
Q: Analyze the last service that you acquired, what do you think is/are the factor/s that influenced…
A: The desired service can be termed as the mandatory level of service in which the customer finds…
Q: _______ A salesperson who handles repeat sales to maintain positive relationships with customers.
A: Salesperson- An ambassador of the company to the external world is called a salesperson. A…
Q: Under what conditions would a business most likely decide to employ one of the differential pricing…
A: Differential pricing strategy is a pricing strategy in which different customers pay different…
Q: What is a market?
A: A market is a place of buying goods and services in atmosphere where the buyer and seller both are…
Q: An agreement may be unenforceable because one party misrepresented a bargain. True
A: Many times misrepresentation is done by the parties involved in the business agreement. The details…
Q: Business Name : ADIDAS X PARLEY. 1. Positioning? 2. Value driven marketing strategy? 3. Value…
A: In 2015, Adidas collaborated with a German organization named "Parley for the Oceans", an…
Q: When Chris Mittelstaedt says, “People like to be part of something bigger than themselves,” what are…
A: Every company is run by people. We people are irrational being and we have lots of dreams and…
Q: __________Dell, IBM, and Xerox use a strategy that helpspromote all their products. This strategy is…
A: Promotion- Any type of marketing communication that is used to inform target audiences of the brand,…
Q: What is Product Modifier in The Walt Disney Company ( full answer + examples please)
A: About the Walt Disney Company The mission of The Walt Disney Company is to give entertainment,…
Q: ___________ Which major function of marketing is riddled with thefts, obsolescence, and lawsuits? a.…
A: Marketing- The activities a business undertakes to promote the selling or purchasing of goods and…
Q: go Re!! 3. Social Problems 4. Hyper local c
A: Tata tea was a normal vendor for selling tea packets like its competitor but after the ad campaign…
Q: ___________Western Day was a special day at the office. Janice wanted to dress in the latest western…
A: Products are recognized as goods and services due to their feature of being touched and stored for…
Q: How do the economic environment, demographics, technology, and globalization affect the future of…
A: Retailers buy the products in bulk from the wholesalers and make it available to the consumers who…
Q: What are the five stages of the consumer buying decision process?
A: The stage of recognizing a need is the first step in the buyer selection process. In this situation,…
Q: How has social media changed the environment for business firms?
A: Social media is effective in using and creating content by using online technology. The purpose is…
Q: Descriptive analysis: What are the profitability benefits for Apple to engage in the following Short…
A: * Introduction - Apple Inc is an American-based multinational organization that operates in…
Q: An airline seat is much more valuable for a business traveler who needs to meet a client at a…
A: The value of of a seat in aeroplane always depends upon the needs of the customer. The details are…
Q: Conduct a SWOT analysis for Swiitch Beauty. Please discuss and motivate at least three (3)…
A: This is a brand in the makeup industry with a motto to change the way people apply makeup products.…
Q: Discuss the suggestions for giving and receiving advice. Assess your typical responses to…
A: Receiving Advice 1) Determine your genuine needs and intelligently choose your experts. In her new…
Q: What is the role of the Consumer ProductSafety Commission?
A: Consumer Product Safety Commission is an independent body that addresses consumer safety by making…
Q: Electronic CRM How mining frequent patterns (NOT detecting outliners) can assist retail store in…
A: Every company will try to build customers to earn profits. But not every customer will give same…
Q: Marketing is a process that adds value to products; True or False
A: Marketing is encouraging the purchase or sale of a product or service. Marketing is neither creative…
Q: Why is it necessary to include the benefits of the product in product description?
A: Product description refers to the information that is provided by the seller or manufacturer on the…
Q: Anne the CEO of Gilded Age Inc. a multinational company produces balls which are the same in every…
A: An organization functioning in different geographic locations is required to take many decisions…
Q: Identify the five categories of pricing strategies.
A: The price of a product or service is the result of a complex set of calculations, research and…
Q: ._______ Allows users to upload multimedia content including photos, videos, and podcasts
A: There are various marketing strategies, through which, marketers sell products and increase profits…
. Where would you place Food Network in the product
lifecycle? What steps could marketers take to extend its
lifecycle?
Step by step
Solved in 2 steps
- 2) Name and explain the five important decisions that marketers must make in developing and marketing individual products and services?What is the difference between product markets and generic markets? Provide example for each.How does marketing shape consumers needs and wants? Please provide detail.
- Explain the difference between enculturation and acculturation. Discuss how marketers use these concepts to sell their products. Provide specific examples to illustrate your ideas. In replies to peers, discuss whether you agree or disagree with the examples provided and include additional examples that support your ideas. 250 wordsFor Further Research (Individual) Every year. marketerscome out with many new or new and improved products. Using the web, research a new or new and improved product and summarize either how marketersdeveloped and tested that product before taking it tomarket or how they created awareness about that nevvproduct once they developed itPlease tell me how marketers screen ideas to find appropriate product ideas during product development. What does it mean that a product is a good “fit” for a company?
- How can marketers extend the life cycle of an established product? Use examples to explain or illustrateIn what ways does Taza benefit from selling directly to some consumers? What are some potential problems of selling directly to consumers?Marketers must understand the current and potential environment in which the Product or service will be marketed. Explain situation analysis
- Describe a responsible marketing innovation that has stood out over the past year of 2023 in the beauty industry. Explain whyhow right marketing mix to potential customers lead to a successful customer relationship?. Do you think the following market segmentation criteria listed below bring market opportunities to some product marketers? Are these segments viable for certain products? If so, identify them. Also, identify some leading brands currently positioned for people in these segments : People who are into fitness and working out and believe in total fitness lifestyle. Online shoppers who tend to be more affluent than average when compared to those who are online but don’t shop