______ functions, performed by intermediaries, involve contacting and communicating with prospective buyers to make them aware of existing products and to explain their features, advantages, and benefits. a. Facilitating b. Retailing c. Logistical d. Transactional
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Facilitating
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Retailing
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| c. |
Logistical
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| d. |
Transactional
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- The best definition of a market isa. a store that offers a variety of goods and services.b. a place where buyers meet and an auctioneercalls out prices.c. a group of buyers and sellers of a good or service.d. a venue where the sole supplier of a good offersits productDescription Which of the habits refer to the mission statement? (a) Think win-win (b) Begin with the end in mind (c) Put first things first (d) Be proactive Define the terms internal customer and external customer. Is the main concern of most consumers the price of the product or service? Explain. List and explain the six most important factors that influence consumer purchases.1- What is important for the retailers to consider in the selection of target market? a. Degree of competition at local and national level b. Sales promotion c. Product display d. Retail format
- Mario wants to expand the market for his specialty line of clothing, but he doesn't have the funds to build a second store or to create a catalog. What channel would be the best way for Mario to find more customers without incurring a huge expense?Consider a market transaction that you have recently undertaken for considering) as a consumer which was notable because it is particularly recent. large, or unusual. Analyse this transaction from a micro-economic standpoint a. Explain how & why (from the supplier perspective, the good or service of your choice was created, and the reason you entered the market to secure this product or service (on demand side). b. Discuss in general terms the factors on the demand and supply sides that will have influenced the price you paid for this product. Show what might happen to the price of the product if one of these factors changes in the equilibrium framework c. Assess whether the product of your choice is likely to be price elastic or inelastic at the current market price (from demand perspective). Following this assessment describe the likely impact on the supplying company's revenue following an increase in the price they charge (ceteris paribus)Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…
- Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…
- What is the most important part of economic analysis, and why? Supply and demandCostProfitsFirm organizationMarket organization; and/orPrice determinationimplication of media and information to an individual and society Not so sure if what subject this huhu //Question 4 Goals should be set to meet customer demand.1.True2.False
