Q: how does the factors in the market affect the buying behavior of a customer?
A: The buying behavior determines the actions of customers in the market that operates in a particular…
Q: Which segment would you suggest they target and what strategic advice would you give in targeting…
A: Market segmentation refers to the activity of grouping the entire customer market into smaller and…
Q: LOST CUSTOMERS are one of the most important segment that should be targeted by the company. What…
A: Lost Customers are the group of customers, as the name itself suggest, are lost or detached from a…
Q: How would you describe a "market niche?" Describe four product/services that you own or consume…
A: A niche market is basically a subset of a larger market with its own needs and preferences.…
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: What is the difference between ultimate consumers and organizational buyers?
A: Ultimate consumers: It means the people who bought the goods and services to use for their own use.…
Q: Explain the different stages of marketing process needed to create value for customers?
A: The marketing process is the process in which company plant their growth accordingly and work to…
Q: What factors enhance the diffusion of a good or service?
A: Innovative ideas lead to creation of goods and services. Innovation is required in each and every…
Q: List the participants in the business buying process. What factors influence the buying decision?
A: Products are bought by a person to satisfy his needs and satisfy his expectations. Purchase is done…
Q: How are you going to raise awareness of your products within your target market efficiently?
A: The methods used for spreading products awareness among the targeted audience are explained below in…
Q: whats the common target market groups, their purchasing habits and the ways companies try to attract…
A: Target Market - It refers to a group of customers to whom the Company sells its product and…
Q: What are the market segments? How would you plan on choosing your target markets and why?
A: A Market can be described as a place where free trade of products takes place. It can be referred to…
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: 5-3. What one department is almost always represented by a person in the buying center?
A: The buying center is the most focused component of a purchasing department. The buying center is…
Q: How do the consumers dispose off the purchased goods or services?
A: These days, a variety of businesses and organizations are functioning. The organizations provide a…
Q: Elaborate the importance of building strong relationship between a company and its customers?
A: The relationship between the company and its customers plays a significant role in this dynamic…
Q: How do marketers identify the Most Valuable Customers and understand their Needs?
A: Customers can be elaborated as those individuals who become the purchaser of the product offered by…
Q: 1. How did you arrive in your decision to buy that particular product? 2. Do you think you have…
A: The consumer goes through various phases before buying the product and evaluation and assessment is…
Q: Does the segment have sufficient income, after covering living expenses, to afford the product?
A: Segmentation is the most important and primary activity done by the marketers. When a big population…
Q: Why is it essential to follow the consumer decision-making process when buying products,…
A: The consumer purchase decision process refers to the process through which a consumer goes when he…
Q: How many people are involved in the buying decision? Who are they?
A: Buying center houses the people who get involved in making business buying decisions The five main…
Q: Explain the concept of "consumer to consumer"? provide an example
A: The value proposition is the solution offered by the company on the customer's problem. For this,…
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: Identify the four major categories of business market customers?
A: When it comes to marketing, there is one aspect every business should be aware of: not all consumers…
Q: During the board meeting at your organization which is a leading automobile company in India, the…
A: Marketing refers to the process of managing a product/service or both such that customers purchase…
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: Describe how to create long-term loyalty relationship with consumers?
A: There are five ways by which you can build a long-term relationship with your consumer: 1. Create a…
Q: What value is added to a product by retailers? What valueis added by retailers for producers and…
A: Retailers are one of the members of the supply chain who facilitate in a continuous flow of goods…
Q: Benefits of a clothing brand having all sizes in their business to individual and society
A: The plus size category is a market niche which has been long ignored by various brands. Plus size…
Q: In buying products, what do customers are actually attracted to?
A: As a business owner, you want to make your products known to the public and get customers buy them.…
Q: Of the factors that influence consumer behavior, which category or categories (cultural, social,…
A: The consumer buying behavior describes the steps that consumers take while purchasing a…
Q: Zipcar is considering launching Zipbike, a service that would offer the possibility to rent bikes.…
A: Market development strategy, as the name goes, is the strategy in which the organization plans…
Q: How does consumers provide value to a product or service?
A: Customer value is the perceived value of a customer for a good or service, that is recorded as the…
Q: marketers extend the life cycle of an established product
A: Extending the life cycle of a product is very important to establish your product in the future also…
Q: FOR WHOM ARE YOU CREATING VALUE? WHO MAKE UP THE POTENTIAL AND TARGET AUDIENCE THAT YOU ARE…
A: value creation is a process of exploring and giving something valuable to someone so that in return…
Q: What do teenager need? What do teenager want? What products can you offer for teenager? What…
A: A product can be defined as any item which has the capacity to fulfill the needs of the customer or…
Q: What is on-demand marketing ?
A: Mаrketing refers tо асtivities а соmраny undertаkes tо рrоmоte the buying оr selling оf…
Q: Describe major categories of business customers?
A: The four categories of business markets are:1. Producer2. Reseller3. Government4. Institutional…
Q: As a consumer, what are the different factors that will make you buy their products or services?
A: Above question is answered below:
Which individuals are in the buying center for the product or service?
Step by step
Solved in 2 steps
- Describe FOUR (4) options you might take if your customer believes your product did not fulfill their needs.What are the most important attributes to consider when determining who will and who will not be your customers?Think of a type of customer that you know reasonably well. Try to identify some unmet needs of this type of customer and to think of some new features of the products and/or services they purchase that would excite them. Why do you think these features are not being offered?
- How would you describe a "market niche?" Describe four product/services that you own or consume that you would consider to be "niche" products. Why do you believe this to be true?Do potential customers differ in their loyalty to existing products or brands?How will consumers learn about the product/service?
- Describe is the difference of Subway Fast food chain from the competition in market. You may select an attribute important to the consumers and elaborate why you use this product or avail this service. Next, describe a main target market and discuss why they are the appropriate segment to target. Expound what you think is the value proposition of your chosen product or service.Does the segment have sufficient income, after covering living expenses, to afford the product?What advantages and disadvantages do you have inmeeting the target market’s needs?