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- True or False? Most marketers today believe they still lack a sufficient quantity of research data to make high-quality decisions. An effective MIS assessses information needs, develops needed information and distributes the information to help managers use it in decision making. Lifestyle is a person's pattern of living as expressed in his or her psychographics.Katherine loves coffee and always found making home-made coffee. She actively shares with a wide group of friends and colleagues about her knowledge in making coffee. Most of her friends and colleagues followed her tips and bought the same coffee machine she has brought recently. Katherine portrays the image of a(n) ________. A) surrogate consumer B) lagging adopter C) opinion leader D) brand personality E) social networkerBased on "Understanding Buyer Behavior'' and “Core concepts of marketing” Why are opinion leaders so important to marketers? Discuss how marketers could use this type of individual in prompting a decision. (Write the answer in 300 words).
- I am having problems with these parts.... Target ConsumerTarget consumer description of the demographics, behavior, education level, gender, income, location, housing preference, usage, ethnicity, language, etc. Target Market SegmentComprehensive description of the target market segment.Personal Value is defined as “an enduring belief that a specific mode of conduct or end-state or outcome is desirable or good.” Lifestyles are consumers’ modes of living as reflected in their activity, interests, and opinions. Psychographics, on the other hand, involves the use of psychological, sociological, and anthropological factors to determine how the market is segmented by the propensity of groups within the market and their reason to make a particular decision about a product. a) Discuss the most frequently used measuring instruments of lifestyle-The Rokeach Value Survey (RVS) and the List of Values (LOV); b) Determinants of Life Style & its behavioral impacts; c) Discuss Values, Attitudes and Lifestyles (VALS) framework.How do wants differ from needs?A) Wants are more specific.B) Wants are more difficult to shape by marketers.C) Wants are the core of all marketing efforts.D) Wants are independent of culture.E) Wants create motivation to buy products
- Suppose say you have joined as a marketer in a large multinational company involved in providing mobile service. Your boss asks you to send a report of potential customers. You then prepare a report of people who are unaware of the company’s services and also people who are aware and interested in buying the service. Which of the following sub-variable of segmentation have you used to prepare the report? User status Usage rate Loyalty status Buyer readiness stage Purchase occassionImagine you are a marketing manager for an exercise equipment company. You want to attract elderly people to buy your walking treadmill machine that cost USD10,000. 2. Explain the influence of the reference groups to your target customers using the informational, utilitarian and value influential factors.A digital marketer who is working on is like building a jigsaw puzzle blindfolded. * AI Big data SEM SEO
- ESSAY writing. Provide your answers and make at least four statements in a phrase to obtain 10 points and highlight your main points, and provide solution for computation In market segmentation we have bases in consumer markets, from there choose one and discuss it?1. Analysing the Attitude of the customers towards the social distancing while buying products in retail outlets 2. Effect on Covid-19 on the marketing practices of a selected small and medium-sized organizations 3. Impact of relationship marketing on customer satisfaction and retention in the fast-food industryAccording to Abraham Maslow, the hierarchy of needs is a good way to guide marketer's thinking. Which of the following best describes the category in which health falls? O Basic human needs. Safety and security O Social needs O Self-actualization.