True/False Perfect competition has just a single seller
Q: When consumers believe only a finite supply of a product exists, the perceived value of the product…
A: Since you have asked multiple questions, we will answer the first question for you. If you want a…
Q: Which of the following is considered a subjective rating measurement of performance? Alternation…
A: Alternate ranking method: Rating workers based on traits or characteristics from best to worst is…
Q: A higher input prices discourages production in the economy Select one: True False
A: Production refers to the overall process which in included in creation or manufacturing of a good or…
Q: (n) ____________________ is one who purchases goods and services for personal use
A: A business is formed when a group of people come together to achieve a certain objective. This…
Q: Helping a customer understand why an offering is desirable infuses a value proposition with ________…
A: The answer is option C : possession utility
Q: Pepsi achieves a loyal customer base when its customers drink Pepsi even if Coca-Cola goes on sale.…
A: Pepsi achieves a loyal customer base when its customers drink Pepsi even if Coca-Cola goes on sale.…
Q: Generally, lead response time has little impact on gaining the sales commitment of an individual.…
A: Ans. The lead response time metric is the normal time it takes an outreach group part to circle back…
Q: As new products that are better than the existing generation of products are introduced, sales…
A: Option A.) When a new product is invented, discovered, or developed such that it provides better…
Q: Under Marketing system any changes from external environment directly impact the internal…
A: There are various factors of environment that can affect the performance and working of the…
Q: Let us consider each of these differences. 1. Often, by its nature, service involves a much higher…
A: Customer interaction is the process by which companies tend to interact with the end customers to…
Q: You live in a small town with only one large retailer. This means there is low ________. Group of…
A: When in a given location, there are few retailes it will lead to monopoly.
Q: Everyone who buys a given product wants the same benefit from it. True False
A: The company manufactures goods while considering the needs and expectations of the consumer. It is…
Q: Is the no-regrets strategy similar to the preventative principle? True False
A: A strategy formulation revolves around integration of business activities and utilization and…
Q: All of the following are likely to be found on a team that is charged with selling to equipment…
A: A selling team always has different members, each of them having responsibilities. The main aim of…
Q: Selling concept is typically expert with unsought goods those that buyers can't usually think o…
A: The selling concept aims to sell the product that a company makes to the customers by aggressive…
Q: A certain wine retailer sells what it calls QPR wines. QPR refers to quality price ratio. It simply…
A: The customers are most attracted to the prices of the products and it greatly influences their…
Q: A sale functions as a contract between the buyer and seller of the selected good or service. Select…
A: This statement is false because a sales function is not only the contract between the buyer and…
Q: Intrinsic goods are things that are desired for their own sake, such as health and life. True False
A: It is relatively tough to evaluate entirely the intrinsic value as it is uniquely reliant upon…
Q: MCQ, with explanation
A: The following situation is a THREAT to the business. With more players coming in the same market…
Q: 10. To technician that believed in the importance of volume, a bullish signal would occur when a.…
A: To technician that believed in the importance of volume, a bullish signal would occur when c. Prices…
Q: Examine three reasons why do you agree or disagree with the notion that “Modern operating systems…
A: Operating systems are the core system of the organization. They are the systems which helps an…
Q: True or False: It's important to get consumer feedback on the makes and models of cars you're…
A: The customers’ behaviour changes from time to time. They shift to their loved brands at any…
Q: The selling concept isn’t typically expert with unsought goods those that buyers can't usually think…
A: The selling concept isn’t typically expert with unsought goods those that buyers can't usually think…
Q: Write a letter to the manager of the firm about the defective goods sent to you by them asking them…
A: THE ANSWER IS AS BELOW:
Q: ________ is a low-probability but high-impact event that threatens the viability of an organization…
A: Option 1: - Crisis is a situation that happens rarely and it is unpredicted therefore it always…
Q: Value engineering is a concept which offers best possible alternatives! Justify the statement along…
A: Value engineering is a systematic process of all the necessary functions of the project at a low…
Q: Which of the following is true with regard to products?* Products do not include experiences,…
A: A product or products is any item offered for sale. A product can be a service or an item. Every…
Q: Which of these is a business team responsible for selling a company's product or services? none of…
A: Ans. A business organisation in order to facilitate smooth and efficient functioning of the…
Q: A need related to a product triggers the following reaction by consumers. Consumers arehappy if the…
A: A need related to a product triggers the following reaction by consumers. Consumers arehappy if the…
Q: Please explain the hard- and soft-customer defined standards. Give at least two examples for each…
A: Customers refer to the kingpin of an organization that is the individual who buys the organization's…
Q: Personal selling process starts with approaching to customers. Select one: a. True b. False
A: Personal Selling Process – Identifying the Prospective Buyer, Pre-Approach, Approach,…
Q: Product differentiation relies on customers having different perceptions of the offered product or…
A: Product differentiation refers to the strategy of a company in which it tries to achieve a…
Q: how can a product/service satisfy a need or want for a consumer. for example an iPhone
A: A product or service can satisfy the need of the customers in many ways. Some of them are discussed…
Q: how is antispating a material requirement or need through purchasing involvement on a new product…
A: Purchasing process for a product which is in the market is way simple than a new product…
Q: The concept time value of money indicates Multiple Choice the value of a dollar decreases over…
A: One of the important concepts in the field of finance is the time value of money. This particular…
Q: Products having services imbibed in it would require same kind of marketing strategy as that of a…
A: In marketing different types of technique is used for selling the goods according to the product.
Q: Describe and discuss the product levels with proper exam
A: In overall, every product has 5 levels. A client buys a product since of the insight of the product…
Q: Channel images do not really affect the brand images of the products they sell that much versus…
A: Brand image represents the perception about the product and its brand which is carried in the minds…
Q: Which of the eight steps in the vendor identification and selection process is the most important?…
A: One of the most essential responsibilities that an IT executive will face is choosing a technology…
Q: Under the product concept marketing orientation, firms focus on making sure that products are…
A: There are majorly five concepts that are present in the marketing orientation theory. This theory…
Q: Which of the following is NOT a key difference between marketing of goods and services? Group of…
A: All are correct
Q: Return on investment is The value in money placed on a product or a service The relative…
A: Return on investment is the relative profitability of a product. 2nd option which mean the relative…
Q: The bullwhip effect has a larger effect on supply chain members ________. Group of answer choices…
A: A supply chain is the set of resources, processes, technologies, and activities that are involved in…
Q: The product mix is described as: a. A group of closely related product b. All the products sold by a…
A: Total number of product lines is called as product mix.
Q: Why should a salesperson plan their sales call? To eliminate the need for empathy. To…
A: Planning is the process of drafting forecasts, ascertaining probabilities, and preparing for the…
Q: It is necessary in the production of a product. An entrepreneur chooses the cheapest possible but at…
A: * Introduction - For an entrepreneur, it is almost of very high priority to choose the cheapest…
Q: All would results to business risk, except. Changes in customers preferences Stiff Competition…
A: It is a probability that a company needs to consider that can negatively impact the profit of the…
Q: Information is knowledge that has been organized to have meaning and value. Group of answer choices…
A: The question is related to Information. Information is very useful in taking business decisions.…
Q: Selling concept is typically expert with unsought goods those that buyers can't usually think of…
A: Selling concept is typically expert with unsought goods those that buyers can't usually think of…
True/False
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- Just give the correct optionIn response to a supplier may often direct a buyer to their website. O none of the other four options are correct O proposal solicitation O order-routine specification supplier development O electronic procurementA referral is a prospect that is provided to the salesperson by the company. Select one: True False
- Which one of the following options is NOT part of sales relationship types? a. Transformation relationship b. Transactional relationship c. Affiliate selling relationship d. Functional relationshipProspective customers don’t become customers immediately, however. No matter how convinced they are that they need what you’re offering, you don’t have them until they complete the registration and provide payment. And if your site isn’t designed to make the process clear and simple, then you might lose them even after convincing them. This would indicate a problem with your conversion rate. Research and outline what Conversion Rate Optimisation (CRO) is AND how ensuring it is working will increase potential sales:Pretend that your company has been making and selling one product for the past fiveyears. Plan to make additional three products. These may be in the same category as the firstproduct or not. Use the following format.
- - your self introduction as the salesperson of Seats Unlimited - your actual selling proposal and strategy (based on multi-attribute model) - your conclusive statement to end your selling proposalTHE MARKETING OPPORTUNITY Suppose your roommate just invented an electronic pencil that senses when a word being written is misspelled, beeps, and shows the correct spelling on a small screen on the side of the pencil. Your roommate comes to you for advice and money. She figures the pencil can be manufactured for about $5, since the cost of computer chips has dropped so low. She will make you a 40% owner if you help manufacture and sell the pencils. She asks you to put up $500 for materials for the first 100 units. She asks that you help make and sell the pencils after classes. Since your roommate is studying electronic engineering, she knows about as much about marketing as you know about electronics. You agree to study the possibilities. You make a list of questions that need to be answered before you commit your $500. Write a response that includes your answers to the following questions. What need does this product fill? What are the target markets for such a product? What type…Search in the internet and submit a written report (minimum three (3) pages) of an effective sales training program conducted by any company.
- list some AIS and MIS information from which sales people may benefit.clearly indicate whether the information item would be an output of a traditional AIS OR MIS system and discouss the benefits of integratingexplain transactional relationship between a buyer and seller with a practical example to support your explanationCan you tell me about ways to increase sale? And about five digital advertising courses to increase sale in the year 2021? Word count = 1000