Why did businesses enter the marketing economy?   Multiple Choice   Businesses became more concerned with the needs of the consumer.   People were self-sufficient and produced everything they needed at home.   Ford’s assembly line could manufacture many automobiles efficiently.   Manufacturing was too laborsome.   The country abandoned the free-enterprise system

Q: What is meant by the terms directing and controlling in a business?

A: Both directing and controlling in a business comes under the functions of management. Also, other…

Q: Explain when marketing research should be conducted

A: Thousands of start-ups are launched each year, and each one of them believes that their idea will…

Q: Discuss global issues in services marketing

A: Services marketing refers to marketing carried out for various services such as financial,…

Q: List and explain the steps in the selling process

A: Selling process comprise of various steps that have to be initiated by the salesperson, for selling…

Q: Explain any two (2) components of attitudes using examples

A: Attitude illustrates an individual's feelings, opinions, and beliefs about features of his/her…

Q: Prepare preliminary outline marketing plan for new durian flavored bread using 4Ps

A: A preliminary outline marketing plan means to reach the target audience. It tells how and where you…

Q: Describe personal selling

A: Marketing is all about the identification of people's needs and offering them products to satisfy…

Q: What is meant by the term market? 2. What is meant by the term market segmentation? 3. What are…

A: A market is where gatherings can assemble to work with the trading of labor and products. The…

Q: Disintermediation The cutting out of marketing channel intermediaries by product or service…

A: Ans. Introduction Typically, the expression "marketing channels" alludes to channels of…

Q: Describe how Nederlander’s strong customer relationship management results in increased loyalty to…

A: People compensation policies in the Netherlands gave them the upper hand. The program was created to…

Q: the purpose, usefulness, and limitation of PESTEL

A: Environmental factors evolve over time as well as need current monitoring and analysis. as a result…

Q: grocery store Identify a traditional company you believe would benefit from using E-business.  You…

A: A traditional organisation that I believe is going to benefit from e-commerce sites is Reliance…

Q: What role should word-of-mouth communications, buzz marketing, or product placement play in your…

A: Promotion is the activity that is aimed at providing product information and making customers aware…

Q: Explain the diffusion process through which new products are adopted

A: Product: It can be a tangible object or any service (intangible) which is provided to the consumers…

Q: What are the positive effects of specialization?

A: Employees who specialize in a skill are more likely to be able to focus, work more efficiently, and…

Q: A company has launched a new ad for a beauty soap which has been on air for the last two months. The…

A: "Since you have asked multiple questions so we will solve the first question for you. If you want…

Q: What are some ways that advertisers can use native advertising to promote products?

A: Advertising is a marketing communication method that uses a public non-personal or sponsored message…

Q: Why is consumption patterns becoming similar worldwide? What are the strategic implications of this…

A: Because of global marketplaces, consumption patterns are becoming more similar around the world.…

Q: Explain the task of generating alternatives.

A: Prior to generating alternatives, 1) the problem must be appropriately characterized, and 2)…

Q: Describe how and why product warranties are important marketing tools

A: Sales promotion work for the purpose of increasing immediate sales of the business products. It is…

Q: What potential role may multimedia skills play in the learning modalities of the 21st century?

A: Multimedia is characterized by the presence of text, images, sound, images and video; some or all of…

Q: Describe marketing uses of packaging and labeling

A: Features of marketing: 1.Marketing is the planning, pricing, marketing, and distribution of goods…

Q: Describe the bases for segmenting business markets

A: A business market is elucidated as the market in which the sellers and purchasers both are business…

Q: What are differet approaches to market research and methods of research used for understanding the…

A: Market Research Research of Marketing is the function that helps connect the customer, general…

Q: In what situations may a company opt not to create a website? Why would a firm not have a web…

A: In the modern business world, websites are very important for various companies. Creation of…

Q: Discuss the key differences between relationship selling and transactional selling

A: Ans. Introduction A transactional selling is about the present moment. Get the deal, no matter what.…

Q: Discuss relationship marketing in services

A: In today's competitive business environment, customer relationship management is essential. Creating…

Q: Think about an organization where that producs goods or services. How does this organization keep…

A: Ans. Introduction Apple Inc. is an American worldwide innovation organization that works in…

Q: What role does word of mouth play in Pepe’s integrated marketing communications?

A: Marketing Communication- Marketing communication is a complex and fundamental part of a business's…

Q: What are the strengths of product placement? The weaknesses?

A: Promotion has a vital role in marketing as it helps in making the target audience aware of a brand's…

Q: What elements are consumers likely to consider when evaluating the purchase price of a product they…

A: Pricing implies the step which involves price and worth determination of the product. It means…

Q: What class and type of advertising would be most appropriate for your product

A: The advertising medium that a seller chooses is dependent on the type and nature of the product or…

Q: Explain the role of demand in price determination

A: Price is mostly determined by demand. A company must first gauge demand for its goods before setting…

Q: Explain the importance of market segmentation

A: Market segmentation are categorized into four main types; which are, demographic, psychographic,…

Q: Define Total quality management.

A: 'Quality' is commonly used to refer to a parameter that determines the inferiority or superiority of…

Q: Explain internal marketing in services

A: Services are again a type of non physical item which are sold in the market to customers for getting…

Q: Describe bundle pricing, and give three examples using different industries.

A: Pricing strategy refers to pricing of various products and services by an organization. Various…

Q: ing/marketing, what key

A: The world is becoming more fast-paced,and the people rather than reading long content, prefer to…

Q: What are the major methods used for transfer pricing?

A: Transfer pricing is an accounting and tax approach that allows companies with shared management or…

Q: B. Covid-19 Vaccine – Various brands of Covid-19 vaccines are now available around the Globe. Since…

A: The Organizational buying center is characterized as individuals from the association having up…

Q: Describe the two models of technological diffusion and explain how they are used by technological…

A: The digital divide can be denoted as a situation in which some people have access to modern…

Q: State the disadvantages of matrix structure.

A: An organizational structure is a business idea that clarifies the way business activities are…

Q: Why do most firms employ a combination of departmentalization bases?

A: To achieve an organization's common goal, teams from various departments are formed. These have…

Q: Describe the components of service quality and the gap model of service quality

A: The quality of service, in its modern concept, is the expected expected comparison of the service…

Q: What is the major task of promotion? Do firms ever use promotion to accomplish this task and fail?…

A: Most people consider promotion to be the most visible component of the marketing mix, and it is…

Q: List at least 3 Personal Gains What would your community and your country gain if you establish a…

A: Entrepreneurial intentions might be categorized as a situation of owning a business or becoming…

Q: Discuss the importance of pricing decisions to the economy and to the individual firm

A: Pricing is the task which is associated with fixing value for the products manufactured. Price…

Q: Explain the steps in the new-product development process

A: The entire process of bringing an idea from concept through delivery and beyond is referred to as…

Q: Whats the marketing definition?

A: The marketing is basically the part of the business and organisation there are several strategies…

Q: Have you gained an understanding of the features of service procedures?

A: Collaboration of the customers with the system should be a part of the service creation and…

Career Building in Marketing

Career building means planning for the future professional career of an individual. Career building consists of developing new skills, enhancing knowledge, pursuing education, gaining experience, and finding new opportunities over time.