Given an example of a product, identify marketing strategies for that product's stage of the product lifecycle.

Q: How do marketers attempt to shape consumers’learning?

A: Consumers forms their perceptions about the product or service slowly and gradually based on the eng...

Q: How does a product line differfrom a product mix?

A: An article or a commodity sold in exchange of money in the market is known as a product. The concept...

Q: Identify the stages of the business buying decision process. How is this decision process used when ...

A: Business buying decision process is the decision making process that an organisational buyers goes t...

Q: Describe the four sales channels.

A: Sales channel are the mediums through which a manufacturing company sells its products to the end us...

Q: Name and describe the major ethical and legalissues that have developed in response to theinternet. ...

A: The prevalence of cyber theft and online crimes has imposed certain providential norms and adherence...

Q: What are the five stages of the consumer buying decision process?

A: Consumer buying decision process is the sequence of buying process which a consumer goes through whi...

Q: Identify and briefly explain the seven major phases ofthe new-product development process.

A: New product development is a step by step procedure of creating or introducing a new product in the ...

Q: Identify the five components of the promotional mix.

A: Promotion – it covers all those activities that informs the customer about the product, the brand or...

Q: What are the two major parts of a marketingstrategy

A: A marketing strategy is a plan devised for efficient utilization of the  organization resources to m...

Q: Please dont reject my answer I really need help on these. Please follow the directions. And do every...

A: The whole concept of Marketing stands of four pillars which governs all its activities and efforts. ...

Q: What are some major social responsibility issues? Givean example of each

A: Social responsibility is very important for business ethics. Business is responsible for treating hi...

Q: Where are data for marketing research obtained? Giveexamples of internal and external data.

A: Step 1 The data for marketing research are obtained from the following source Primary source Second...

Q: Answer the number 3.

A: The mining industry supplies raw materials for the equipment we use every day. It entails the withdr...

Q: What is competitive advantage and what is the theory ofcomparative advantage.

A: Competitive Advantage is when a strategy is made that differs one organisation from another. It is l...

Q: Why should policymakers think about incentives?

A: Incentives are a way of changing the way people treat things, both positively and negatively. Policy...

Q: Identify the factors that influence the selection ofspecific market segments for use as target marke...

A: The process of dividing the potential buyers of a product into different categories on the basis of ...

Q: Discuss the basic elements of the marketing concept.Which businesses in your area use this philosoph...

A: Marketing is a business concept that is after completing the production process when transporting go...

Q: How does employee participation increase motivation?

A: Employees are the lifeblood of any organization. With motivated and participated employees an organi...

Q: When demand exceeds capacity?

A: The mismatch of the demand and supply cycle due to certain economical constituents' impacts on the o...

Q: Why is selecting appropriate target markets importantfor an organization that wants to adopt the mar...

A: Target Markets: When a company wants to sell its products and services to a potential group of custo...

Q: How does nonprofit marketing differ from marketing infor-profit organizations?

A: Both profit and non-profit organizations use marketing to earn profits. They do this for the purpose...

Q: What is subculture? Describe at least two subcultures to which you belong and identify any reference...

A: In a market, consumer behavior depends upon their individual differences according to which a market...

Q: Define marketing research and itsimportance to decision makers.

A: Marketing research is a systematic and an objective approach to gather, store and retrieve data abou...

Q: What are the major differences between consumer and trade sales promotion methods? Give examples of ...

A: The process of selling a product aggressively by offering incentives to resellers to buy more quanti...

Q: What are the stages in the product adoption process,and how do they affect the commercializationphas...

A: Products adoption phase is the process of customers becoming aware about the product or service, und...

Q: How do wealth and consumer credit affect consumerbuying power?

A: The buying power of a consumer refers to the amount a consumer is willing to spend to purchase an it...

Q: What are some issues to consider in analyzing acompany’s resources and opportunities? How do theseis...

A: Some issues to consider in analyzing a company’s resources and opportunities are accessing human and...

Q: How can a bank or other financial institution help american business to compete in the global market...

A: Banks are crucial in saving and moving money and it facilitates the movement of money between differ...

Q: Marketing can be identified primarily as the activities of advertising and personal selling.     a)T...

A: Marketing mainly refers to the advertising, promoting, selling your products or services to consumer...

Q: Describe the roles of public relations, publicity, and cross-promotion in an organization's promotio...

A: Small businesses practices have many choices when promoting their products and services. No matter w...