Q: How the brand extension is different from a line extension?
A: Branding is a marketing strategy where the company will create its unique Identity in the market…
Q: Why must firms introduce new products?
A: The development process of product is strategy in which firms make improvements in products quality,…
Q: How marketing concept is implemented?
A: A solid marketing implementation strategy aids in the transformation of plans into processes. It…
Q: How organization ensures that its employees are motivated or not?
A: Employee motivation is essential for reasons which are numerous. It notably assists management in…
Q: Could you please provide a personal example of visiting the Service to the Public Sector (e.g., the…
A: Due to strict adherence to the guidelines of Bartleby, while answering the question, we are allowed…
Q: What is meant by a shopping product?
A: Customers get leaping products comparatively regularly as well as to valuate them to marketplace…
Q: Explain the process of market segmentation.
A: Market segmentation, at its heart, is the strategy of breaking your target market into accessible…
Q: Explain the Demand Determinant of Price?
A: Demand for a good refers to how much the buyers are wanting to buy a product from the market. This…
Q: Assume that you are conducting a SWOT analysis for a shoe manufacturer who exports to Ukraine. If…
A: SWOT Analysis: Strengths and Weaknesses are internal factors Opportunities and Threats are external…
Q: What is the difference between place utility and form utility?
A: The economic utility can be defined as the total amount of satisfaction gained from consuming a…
Q: What is meant by sales forecast?
A: Accurate sales forecasting is critical for business success. It affects hiring, payroll,…
Q: Explain some of the principles used in the selection of secondary sources, including Internet and…
A: Any kind of activity or exercise performed to collect information regarding the customers and…
Q: State the variety of useful resources for secondary information.
A: Marketing research is one of the primary function of marketing which is performed prior to all other…
Q: What are the benefits of freight absorption pricing?
A: Absorption pricing, also known as full costing, is a pricing strategy. It entails capturing the…
Q: Explain penetration pricing.
A: Pricing means the price which is given to product based on its production cost, competition and…
Q: What is meant by total revenue?
A: Revenue is the total amount of money a company earns from selling products and services at a set…
Q: What is the Backward Integration and Vertical Integration Strategy of Tesla?
A: Vertical integration strategy is a strategy used by an organization to makes it's production process…
Q: What are the benefits of Price skimming?
A: Pricing skimming: It is a strategy where high prices are set for the product initially when a new…
Q: Define database.
A: A collection of distinct small units of information is referred to as data. It can take many…
Q: State the important features of a product.
A: Any item or service that you give to meet a customer's need or desire is referred to as a product.…
Q: Some firms do not delete products until they become financially threatening. What problems may…
A: Product deletion is a process in which, product which is failing or not performing well, gets…
Q: State the two types of branding strategies.
A: A product that is well received by the target audience can change the business. As consumers become…
Q: What is Zone pricing?
A: Pricing methods are the techniques used to determine the final price of goods and services by…
Q: What is Yield Management Systems?
A: Greater understanding allows you to meet the needs of your target market better and, as a result,…
Q: What is FOB origin pricing?
A: Anyone who has taken the responsibility for items destroyed or those which are damaged while in…
Q: What is Freight absorption pricing?
A: Absorption pricing, also known as full costing, is a pricing strategy. It entails capturing the…
Q: What is the difference between brand insistence and brand preference?
A: A brand can be denoted as a name, symbol, design, word, or sentence that differentiates a product…
Q: Do you think social media would work well in smaller companies? Why or why not?
A: Social media is technology which works in collaboration with computer and internet technology. It…
Q: Why is it important to understand buying behavior?
A: Buyer behavior refers to people's decisions and actions when purchasing products or services for…
Q: Explain everyday low prices (EDLPs).
A: Price is the monetary value paid for a product in a marketing exchange. It could also be things you…
Q: Distinguish between a marketing information system and marketing research.
A: A systematic study of a problem is conducted to establish facts and draw conclusions. Because…
Q: Which are the Several factors that affect the elasticity of demand?
A: The demand is elastic if the formula returns an absolute value larger than one. Inelastic demand…
Q: What is meant by physiological needs?
A: Need is innate requirement by a person for a thing or a state. Without need no person will work.…
Q: What is Multiple-unit packaging?
A: The packaging depicts the wrapping or the outer cover of the product to prevent the product from any…
Q: 7_________Joshua majored in entrepreneurship and computer science in college. After graduation, he…
A: Any organization is surrounded by several external and internal factors which can be either…
Q: Explain the process of labeling of products.
A: Labelling and packaging are concepts of marketing and branding. Attractive labeling and packaging…
Q: 1. Mr. Pangilinan, proprietor of Belle's Pizza Place, allocates Php 9,000 a month for advertising in…
A: Advertisement is a form of mass communication aimed at reaching the prospective customers to make…
Q: To reduce the bullwhip effect and save on delivery costs of a functional product, the buyer should…
A: Bullwhip occurs when the short term fluctuations in the demand is exaggerated by each level. It…
Q: Differentiate between merchant middleman and functional middleman.
A: Channels of distribution is the major part of marketing mix strategy which brings the effective…
Q: Why is it important to consider the buyer’s sensitivity to price when pricing products?
A: Buyer's sensitivity refers to the extent upto which, consumers behaviour related to buying changes;…
Q: Which of the following is NOT likely to be found in a company with a marketing orientation?…
A: Concept Of Market Orientation - Market Orientation, is a type of concept, which is defined as a kind…
Q: What is competition-based pricing?
A: Pricing is the most important tool with any company. It will have the company to increase the market…
Q: What is the role of brokers in business?
A: Many people who are considering buying or selling a business are unsure about the role of a business…
Q: Create a COVID-19 exit strategy for students
A: An exit strategy refers to a contingency plan used by a business owner, investor, venture…
Q: A service cooperative promotes and undertakes savings and lending services among its members.
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: What is immediate success?
A: Individual success means different things to different people, and you are the one who must find…
Q: What is meant by Flextime?
A: The employees of any company or business are their biggest assets. Companies spend around 70%-80% of…
Q: Explain odd-number pricing.
A: Pricing consists of the process of setting the value that a firm receives by selling its product or…
Q: Explain the STEPS IN SETTING THE RIGHT PRICE ON A PRODUCT?
A: Pricing means fixing a price for a product or service at which it will be sold in the market and…
Q: What is the importance of branding?
A: A Brand is a name, term, symbol design, sign or combination of all to differentiate the product of…
State the types of nonstore retailing.
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