If you are the seller will you provide discount for customers? Why or why not?

Q: What are the Characteristics of good packaging materials?  Please answer at your own words.

A: Packing is the practice of packing goods to ship or send goods to a required place or keeping the…

Q: Discuss the elements of an offering and how they contribute to value creation

A: The value proposition is the solution offered by the company on the customer's problem. For this,…

Q: How are Fixed Cost, Variable Cost and Mixed Cost used in the retail industry? 

A: Transaction of goods or services by a business to a consumer for personal consumption is known as…

Q: What are some common pricing strategies used in retailing and wholesaling?

A: Concept Introduction : Retailers typically operate in physical stores, online marketplaces, or both,…

Q: Consider the product line offered by your local McDonald's franchise.  Discuss examples of product…

A: In my local McDonald's franchise, the width of items are very enormous with burgers, wraps and…

Q: Explain what a wholesaler does. How does this benefit the retailer? How does this benefit the…

A: Wholesaler is the part of the supply chain in a business who purchases in bulk from the…

Q: What are the objectives of Purchasing? Explain any two.

A: 1. Supply Continuity 2. Manage the Sourcing process efficiently and effectively 3. Develop Supply…

Q: How does cost-based pricing differ from value-basedpricing?

A: Pricing is the method of fixing the price of a product and it involves various pricing strategies as…

Q: What are the benefits of the direct selling model? How does this impact the supply chain?

A: When deciding how to present their products to potential customers, small business owners consider…

Q: As a seller why it is important to know the consumption process

A: Marketing means satisfying the targeted audience at the same time the companies also should earn…

Q: How would you serve this target market? What is a suitable marketing plan? Specifically, what…

A: In the age of ever-advancing technology, the concept of the smart home has transitioned from science…

Q: How is product-line pricing helpful to both retailers and theircustomers?

A: Product line pricing is a pricing strategy where the company will price different product of a…

Q: Why are wholesalers important to sellers?

A: A middleman that is a connection between a manufacturer and a retailer is known as a Wholesaler.…

Q: Evaluate the cost-benefit analysis of investing in premium or customized packaging for luxury…

A: Cost-benefit analysis (CBA) is a methodical technique for determining the advantages and…

Q: How would you promote your beauty services and the pricing?

A: Note: The answer has been framed in a generalized manner.   To support or encourage the improvement,…

Q: s a private brand and store brand ?

A: A private brand could be a product that's made of or marketed beneath the identity of one merchant…

Q: . What is the difference between a list price and a market price?

A: The pricing is process which deals with the purpose of price determination for business produced…

Q: Please write a short note on "selling concept" with two suitable examples. Please answer at your own…

A: Selling is when the company or any entity influences customers or audience to do something in…

Q: Why is it important to identify a merchant as a unique type of seller?

A: Merchant - A person whose job is to buy and sell products in large amounts, especially by trading…

Q: As most businesses have the objective to sell as many products as possible, outline key factors that…

A: Marketing mix refers to the combination of essential marketing activities that all marketers need to…

Q: A company has a new product that is in the market introduction stage of the product life cycle. What…

A: Product life cycle refers to the group of four stages that describe how new product comes in the…

Q: How can retailers create effective pricing strategies that balance profitability with customer…

A: Concept Introduction :- A retailer is a business or individual that sells goods or services directly…

Q: What are the key considerations when choosing between primary and secondary packaging for consumer…

A: Choosing primary and secondary packaging for customers is an important decision that directly…

Q: When making a pricing decision, what other factors should a retailer consider?

A: What is the Pricing Decision Process? Pricing decision is a decision where businesses set the price…

Q: What are the four categories of marketing activities, usually referred to as the marketing mix? In…

A: The main 4 P's of marketing are product, price, promotion, place.  Product - Goods or service Price…

Q: With a company only considering extra small, and small size to the clothing it sells. What should be…

A: Selling is the ultimate process for any organization through which it earns revenue and generate…

Q: What is the difference between a private label brand and a manufacturer’s brand?

A: The term "brand" refers to a business and marketing concept that allows individuals to recognize a…

Q: Why would retailers risk violating any of the legal issues discussed in this chapter, such as…

A: Pricing practices in retail are important because they can significantly impact both consumers and…

Q: What are the Discount pricing and price per segment?

A: Price- Consumers exchange worth or currency for a certain item that will suit their requirements and…

Q: What is the basic function of packaging materials?

A: The container or wrapper that holds a product or group of products is called packaging. Most…

Q: Why owners of store brands can offer lower prices?

A: A private brand is a brand created for and sold under the name of a specific merchant, competing…

Q: Describe the product (kellogg's Frosted Flakes) in a brief statement and in what general class of…

A: Kellogg's Frosted flakes which is also known as frosties is basically breakfast cereal produced by…