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A: Planning the inventory levels helps the firm in maintaining stock and avoids wastages.
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A: With the increased penetration of smartphones and internet, the world has become smaller and more…
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Q: Describe the bases commonly used to segment consumer markets?
A: Segmentation is the process in which customers are bifurcated on various segments to target the…
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A: Tesla is one of those companies which has chosen vertical integration in terms of forward as well as…
Q: Describe the seven types of business goods and services?
A: Business products can be explained as the goods and services that businesses purchase to complete…
Q: Discuss the key differences between relationship selling and traditional selling?
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Q: List the key characteristic distinguishing business products from consumer products?
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Q: Discuss the role of public relations in the promotional mix?
A: Promotional mix can be defined as the various methods used by companies to market their products and…
Q: Why is Product Invention important for the marketers?
A: Innovation can be elucidated as the creation of something new which can be useful to humans. Most of…
Q: How do Consumers try to reduce dissonance?
A: Cognitive dissonance: It defines mental discomfort, which is an outcome of holding two conflicting…
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A: To start off , IKEA's initial goal is to deliver well-designed, useful home furnishings at costs as…
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Q: What is an example of a public corporation?
A: Public Corporation - A business whose shares are traded openly and are often held by many…
Q: What is Accessory Equipment/?
A: Business markets are the markets where products and services are purchased to produce other goods…
Q: Functions of Advertising Advertising is very important in the market; every company will invest a…
A: Advertising is the promotional activity which aims to sell a particular product or service to a…
Q: Describe e Distribution Structure?
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Q: Which of the following 4 intervention strategies used to manage multicultural teams should be…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: Identify a Consumer Product you are familiar with in the market.
A: Consumer products, also called consumption (or final) goods, are products purchased for personal…
Q: Given the topic:A menu at a restaurant and an online menu compare according to the question…
A: Menu at a restaurant is the list of dishes which includes cuisines, deserts, beverages and other…
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A: Branding is a marketing activity where a unique position is established in the minds of customers…
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A: Risk mitigation involves taking measures to minimize the threat to business continuity (BC) and the…
Q: What do switching costs mean when it comes to the threat of huver power
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Q: Are Multinationals Beneficial?
A: Multinational corporations are organizations that have headquarters in their home country and…
Q: Describe routine response behavior?
A: There are primarily four kinds of consumer behavior: complex buying behavior, dissonance buying…
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A: Vodafone Group is the world’s main cellular telecommunication agency with headquarters in Newbury,…
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Q: What is selective distortion?
A: Marketers conduct intensive research to understand why buyers show a particular behavior while…
Q: Why should a global marketer or a firm considering global marketing must consider the external…
A: Global marketing refers to the marketing of the goods and services on a worldwide scale. It is the…
Q: Describe the role of pricing during periods of inflation and recession?
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Q: Identify the major types of advertising?
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Q: What is routine response behavior?
A: Consumer behavior is the study of the individuals and the firms that how they choose and use their…
Q: What are Exchange Rates?
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Q: two strategies that a firm can use to reduce competition from existing competitors. Pleases expain…
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Q: Describe business marketing?
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Q: How would you coach to discipline and forgive employees who have behaved unethically?
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Q: Define the term multinational corporation?
A: Global marketing programs are performed to target customers globally that make use of international…
Q: the benefits and challenges of CRM customer relationship management
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Q: Define the term Modified Rebuy?
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Q: n, and so
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Q: With relevant examples, explain the 5 driving force of value creation
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Q: What is planning like at JYSK?
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Q: Summarize current trends related to customer data, analytics, and technology?
A: Customer is a person who will take part in the exchange with the company. They will purchase goods…
Q: Define the terms product item, product line, and product mix?
A: A product is any thing or service that you one offer in order to meet a customer's need or desire.…
Q: Critically assess both the policy options while stating the possible impacts on the price and the…
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Q: What is the definition of "FMS option"?
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Q: Can the B2C model have any possible drawbacks? Explain.
A: Business to consumer (B2C) is a business model where consumers and businesses transact with one…
Q: What is the role of Culture in marketing?
A: No company works in isolation. There are number of factors influencing all the strategies of the…
Define the term Concentration of Customers?
Step by step
Solved in 2 steps
- Define Customer-based segmentation?Develop a brief segment profile for three consumer segmentsWhat are the current needs of each target market? Describe the target market in terms of demographic, geographic, psychographic, and product-usage characteristics. What changes in the target market are nanticipated?