Q: What are the three levels of market coverage? What types of products are each used for?
A: A particular area where buyers and sellers come together to trade products and services is known as…
Q: How can a company differentiate and position itself as providing superior customer value
A: Positioning and differentiation are inextricably linked. Effective product or service positioning is…
Q: Marketers must understand the current and potential environment in which the product or service will…
A: Marketing is the most important activity along with production for the company. Production helps to…
Q: Do potential customers differ in their loyalty to existing products or brands?
A: The main difference between these two loyalty types is that customer loyalty revolves around…
Q: How do companies use target markets to sell products?
A: The selection of the target market is the second stage in the marketing planning process. This step…
Q: How does a company go about "marketing" its products or services?
A: Different companies use different marketing techniques before launching their products such as…
Q: Is technology the primary determinant of the products in the firm? Explain how?
A: Technology refers to the processes through which inputs are converted into outputs. Technology is…
Q: Using a ! personal example !, explain how your perception of a brand has changed, in a positive way,…
A: Branding helps the organisations by creating a value among their customers in the public. The brand…
Q: If you were to practice, what are some ways by which you can increase the market's demand for your…
A: Ans. Some products demand fluctuate seasonally. During the mean season, a sedate and basic technique…
Q: What are the stages in the life of a product? What is the significance of knowing these stages in…
A: The term item product cycle alludes to the time allotment an item is acquainted with buyers into the…
Q: Research on one retail clothing brand and give your assessment of how well it delivers added value…
A: Brand is the image created for the company in the market. It is created using various brand elements…
Q: There are three factors that add value to the brand as perceived by consumers. Conduct research on…
A: The chosen apparel brand is Reebok. Reebok understands the value of establishing great apparel and…
Q: What is importance in properly positioning your brand in the market?
A: In a marketing organization, it is very important that the customers should recognize and value the…
Q: Is Marketing important in the success of a brand or product in the market? Why? by your own word
A: Marketing strategy refers to the technique or the way through a company is successfully able to…
Q: Why do people chose the products they like.
A: Customers often make a purchase with a company they are loyal with, but this loyalty is affected by…
Q: Why is it necessary to focus only on a particular segment of the market rather than try to sell to…
A: A market segmentation is a process of conducting a strong market research into the customers for the…
Q: What are some of the ways by which you can easily identify your target market?
A: Targeting means making strategies for the segmented customers group. This is done to focus upon the…
Q: What is a product? How do consumer products differ from industrial products?
A: A product can be physical or virtual. Physical products incorporate strong products (like vehicles,…
Q: How does Marketing boost sales for companies?
A: Increasing revenue or sales is one of the few common marketing goals. Companies often use this goal…
Q: What is the major distinction between the production era and the sales era?
A: The fundamental contrast among sales and production is that you should deliver an item before you…
Q: How does relationship marketing work?
A: In today's competitive business environment, customer relationship management is essential. Creating…
Q: What benefits will your product provide to the customer? How will these benefits play a role in…
A: The marketer desires to communicate with their customer using multi-channels and a better…
Q: How can you measure your customer experience?
A: Customer experience is an important factor to boost customer loyalty. It gives insights on how the…
Q: Why are there still so many unsuccessful products despite the implementation of marketing concept?
A: There are still so many unsuccessful products despite the implementation of marketing concept. The…
Q: What will be your objective in increasing awareness of your brand/business?
A: Business - Business involves commercial, professional, or industrial activity that is aimed to…
Q: Describe the brand sponsorship options available to marketers and provide an example of each?
A: There are four kinds of brand sponsorships options available for the marketers. These are given…
Q: How do marketing activities add value to products?
A: Marketing is developing a message about a product or service and effectively communicating that…
Q: Can you market unsought goods?if so, how?
A: A product that consumers are unfamiliar with or are not interested in actively purchasing is known…
Q: Target marketing strategies that can create value for the customers
A: Target Market- The target market refers to a group of potential customers to whom sell of products…
Q: Describe the level of market orientation that currently exists in your company. How will a market…
A: Previously company used to be organisation centric and used to create products with prejudices and…
Q: As a marketer, why is it necessary to consider product life cycle management and align it to your…
A: Product life cycle: A product passes from different phase in the market which effects its supply and…
Q: Create a list of potential target markets of different companies whether it offer products or…
A: List of potential target market of different companies are explained below:
Q: Focusing on a targeted group of customers (a target market) can gain a competitive advantage…
A: Answer of 6. Option D -A tailored marketing mix can have better value proposition to the customers.…
Q: How do consumer products differ from industrial products?
A: Products are offerings of the company for the customers in order to fulfill their needs. A product…
Q: Shouldn’t the focus of marketing be to acquire as many customers as possible?
A: Marketing - It is the process of business that involves activities of selling and promoting products…
Q: The way consumers evaluate and choose a product depends on their degree of involvement with the…
A: It is true that the consumer's decision to choose a particular product depends upon how much…
Q: What is a consumer product? Describe the characteristics of each type of consumer product and give…
A: Generally, any object offered for sale is referred to as a product. A product might be either a…
Q: Describe the characteristics of each type of consumer product and give examples of each.
A: Definition of Consumer Products: Consumer products, also known as final goods, are objects purchased…
Q: Create a marketing plan for any new product in a given company
A: Marketing Plan – A business plan or a strategy that acts as the foundation for business operations…
Q: How will a company will market their product online when customers have so many other options and…
A: When customers have several options and the competition is tougher, the company will market its…
Q: Think of any product and explain its marketing mix ( Product, Price, Place, and Promotion). Please…
A: Marketing mix refers to the combination of essential marketing activities that all marketers need to…
Q: If your target market are teenagers, What do they need? What do they want? What products can you…
A: These days there are various organizations and various industries that are active in the world.…
Q: As a consumer, what are the different factors that will make you buy their products or services?
A: Above question is answered below:
How are you going to raise awareness of your products within your target
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Solved in 2 steps
- How would you encourage your customers to buy your product?How do you respond to fraudulent marketing practices that you have personally or to others? Are fraudulent marketing practices based on price, promotion, product or packaging? Briefly describe one such incident in detail.How do companies use target markets to sell products?
- How will a company will market their product online when customers have so many other options and the competition is tougher than ever?As a marketer, why is it necessary to consider product life cycle management and align it to your company’s strategyHow does the careful selection of brand elements by marketers contribute to a company's long-term success in a competitive market ?
- What is the benefit for: the organization, the society or the consumer in terms of marketing after discovering something products you'd want to purchasewhat are the ways through which companies can ensure that their marketing mix supports the development and delivery of a consistent brand experience for their customers?Marketers must understand the current and potential environment in which the product or service will be marketed. Explain why?