Determine an effective marketing response to a change in the social-cultural • environment.

Q: describe your ideal market

A: A ideal market is one with perfect competition, with prices determined only by demand and…

Q: Message strategy is the general message that will be communicated to consumers identifying consumer…

A: Message strategy is making a difference between a successful marketer or a failure marketer, During…

Q: explain how opportinity cost affects consumer behacvior

A: When a consumer purchases one good or service, then he/she is giving up on the chance to purchase…

Q: will the demand for online paid tv increase in the future ?

A: Pay-TV or paid TV is a subscription-based television service which means a television service that…

Q: Is economics related to marketing?

A: In a market economic activities refers to the primary activities of a business or a household when…

Q: If you want to increase demand for your restaurantbut are unable to lower prices or increase…

A: As it is given in the question, a restaurant does  not have more funds to advertise higher level and…

Q: Few organizations (like restaurants) offers both goods & services. What attribute of quality the…

A: Goods are described as items or commodities that can be seen, felt, or touched i.e tangible, and are…

Q: Explain Market pain.  Provide an example of a product that solves market pain.

A: Business specialists and investors allude to showcasing "torments" as a condition of occasions where…

Q: Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since…

A: The Maximax strategy involves making a decision that maximizes the potential benefits or outcomes by…

Q: llustrate a generic demand and supply curve

A: The demand curve refers to the quantity demanded at the given prices at a particular period of time.…

Q: 3. A used car dealership rents 210 cars for $9 a day. They want to increase the price to maximize…

A:

Q: What does supply and demand determine in the home pricing market

A: Supply and demand are the basic concepts of microeconomics, market conditions depend on supply and…

Q: What's demand

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: What are the consequences if consumer acts in the market according to Myopia and ignore its…

A: Consumer myopia is a term used in economics to describe a tendency for people to place more…

Q: a. If the market price of children's mittens is $6.00 per pair, how many pairs of children's mittens…

A: MC is marginal cost which is the addition to total cost when an additional unit is produced.ATC is…

Q: What are the Five levels of a Product? Explain each level with an example from any Educational…

A: Answer- Need to find- What are the Five levels of a Product? Explain each level with an example from…

Q: Why might customer satisfaction be a more appropriate objective than profitability?

A: Customer satisfaction can be considered a more appropriate goal than profitability in certain…

Q: 1. Explain the decisions taken for an individual product.

A: When making decisions for a personal product, several factors have to be considered, consisting of:-

Q: construct an advertising program for an airline using the laddering technique?

A: ANSWER   construct an advertising program for an airline using the laddering technique is

Q: How do demand and supply curves impact your life?

A: Demand and supply are very important for life. Basic products as well as luxurious products are…

Q: Why does the catch-up effect appear?

A: The catch-up effect or theory of convergence states that the poorer economy will tend to grow faster…

Q: Discuss the characteristics of services compared to goods and write down challenges for services.

A: Characteristics of Services : Intangibility : Services are intangible in nature where as goods are…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: Please conduct a marginal analysis of the e-commerce market?

A: Economics is the aspect of the business that is concerned with the understanding of scarcity and its…

Q: Organic eating is the new trend! What is the impact that supply and demand have on pricing?

A: The market is a place where the buyers and the sellers interacts with each other and the exchange of…

Q: What is the most important part of economic analysis, and why? Supply and demand Cost Profits Firm…

A: The base of economic analysis is market.The forces of market are demand and supply.Without the…

Q: Identify the goods or services does the Dairy products industry produces

A: The following problem has been answered as follows:

Q: Discuss the relationship of price to consumerperceptions of quality.

A: Customer perception is important in many areas, including customer understanding, communications and…

Q: What is a consumers wishedfor level of performances?

A: A consumer's wished-for level of performance is the highest level of performance that they hope to…

Q: What are the consequences of reduced publicfunding?

A: Public funds are collected through the public by means of taxes, interests, fees, etc. These funds…

Q: Which of the following best describes why the Hours of Service Regulations were put into place? O To…

A: The driver test is important to ensure the safety of peope with having the all relevant information.…

Q: What is the difference between an Internal Customer and an External Customer? Why are both equally…

A: External Customers are those customers to whom the business is having business dealing for selling…

Q: Other than price, identify one market signal. Show how that market signal influences…

A: The information which is being either passed unintentionally or passively between market…