Q: Which of the following is considered as an external factor that affects business?
A: The general notion is that the functioning of an organization largely depends upon the business…
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A: * Merchandising firms are the business units which buy a finished good and sell it at a higher price…
Q: cluster of complementary goods and services that are interrelated and spread across diverse set of…
A: Meta market is a cluster of complementary goods and services which are interrelated and they are…
Q: Structural Similarities exist when underlying mechanisms of technology resemble or match the…
A: Justification:When the underlying mechanism of technology matches or resembles the underlying…
Q: Actual examples of problems arising in an organisation due to changes in micro marketing environment
A: Micro environment refers to the environment which is in direct contact with company and affects the…
Q: Among the indicators of market concentration, which has the most obvious effect or influence in the…
A: We can say that where I think market concentration is a difficult factor to quantify. We can say…
Q: List and discuss the key characteristics of organizational buying that make it different from…
A: Products are either bought for personal consumption or further processing and to convert into final…
Q: In a business buying center, there are several parties involved with different responsibilities.…
A: It is very important to know which Webster and Wind call the decision-making unit of a buying…
Q: What is the reasoning behind the co-location of internal consumer buying personnel?
A: The best organizational structure is indeed a point of contention. With a well-coordinated supply…
Q: ___________ Quantities of products that buyers are willing to purchase
A: Buyers are those people who purchase a product from a seller by paying a price. The prospective…
Q: Identify and explain the marketing management philosophy which implies that products and services…
A: Marketing management is described as the means of finding out the different opportunities that will…
Q: Draw the supply chain of any (Nestle or Unilever) fast-moving consumer good and describe the various…
A: Supply chain is a very important factor for the long term success of a business as it involves…
Q: 4. Suppliers helps the company to promote, sell, and distribute its goods to final buyers. MICRO…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Why people demand in food products?
A: Demand runs the market. Customer demands various things which is solved by businesses in terms of…
Q: “Marketing may be defined as the delivery of a standard of living. The size of marketing task…
A: Promotion is the task which brings idea of advertising, sales promotion, personal selling and…
Q: what refers to the amount of buying and selling that takes place. this activity can be looked at…
A: The process of buying and selling a product or service for a certain amount of exchange is called…
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: At its core, marketing is meant to facilitate exchanges. As marketing managers, the most prevalent…
A: The old world traded mostly as per the barter system. With the increase in knowledge and innovation,…
Q: Based on your experience, which marketing tools stimulate your purchasing decision online?
A: Note: As per the guidelines no personal experience example must be provided. However, the answer…
Q: Who participates in the business-to-business buying process
A: Awareness When a customer discovers there is a problem, the first stage of the B2B buying process…
Q: Which marketing philosophy is followed by business focusing on producing solar powered gadgets?
A: Marketing refers to the process of managing a product/service or both such that customers purchase…
Q: Why is it difficult to control cost related to marketing?
A: in general, marketing costs are simply the costs brought about in advancing your trade. Customarily,…
Q: The costs of procured goods and services are very important to public sector buyers. Whilst this is…
A: Procurement is the essential part of the supply chain strategy in every business necessitating…
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: How does supply-chain management encourage cooperation between buyers and sellers?
A: Buyers are those who are willing and interested in buying the product that is supplied to them in…
Q: Are consumers likely to respond to in-store price reductions?
A: Retailers is the individual or group business operations where they close work with customers by…
Q: what are the aspects towards the impact of high prices of goods and services on household spending,…
A: Following things are the aspects towards the impact of high prices if good and services:1. Erodes…
Q: What is a cost-per-order? What kind of information do marketers gain from this metric?
A: A marketer can be defined as a person who is made responsible to undertake all the activities…
Q: What does Marketing or selling costs include?
A: The process of creating new products, exchanging and communicating the ideas, delivering the…
Q: What one department is almost always represented by a person in the buying center?
A: A buying center comprises a group of people who have common goals, knowledge, and risks necessary to…
Q: state the differences among fad, trend, and megatrend in relation to meeting the needs of the…
A: Any type of conduct that is vigorously followed by a population for a brief period of time is…
Q: The marketing mix of almost any business will be made up of the following main elements:
A: A correct option is option a) Product, Place, Price, Promotion.
Q: Consumer buying behaviour is the study of individuals, groups, or organizations and the processes…
A: Consumer behavior can be described as the study of the activities that a consumer goes through while…
Q: Define the term Simultaneous production and consumption?
A: Simultaneous production and consumption is fall under service products where they are produced and…
Q: which is better the dining market or the eating market?
A: In the field of marketing many a times similar types are terms are used but they are having…
Q: Which are the economic, social and cultural factors that influences customer's buying process . For…
A: Marketing is the process of creating, communicating and delivering the customer value. Customer is…
Q: Identifying the company competitive edge on different levels and its market offering?
A: Marketing is the fulfillment of the needs of consumers through the right product and right price,…
Q: Why do buying behaviors become more pronounced as products become more complex or risky
A: Consumer behaviour is the study of people, groups, and behaviours associated with the purchase, use,…
Q: Briefly describe each of the following, and explain how it is used in technical analysis: a.…
A: Technical analysis is carried out to assess and evaluate investments and other opportunities by…
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- Assume your company makes Laptop and Computer products. Make a list of all the companies that could be potential customers of your firm. Then identify all the markets from which their demand is derived. What factors might influence the success or failure of your business in these markets?whats the common target market groups, their purchasing habits and the ways companies try to attract consumers to buy their product or service.Being first to market can be an advantage and a disadvantage. Provide at least one reason for each.
- Could you possibly have a market without a place? Could the word “market” also refer to a person?Industrial products are: Group of answer choices: A) usually purchased on the basis price and national brand name. B) frequently purchased for their psychological benefits. C) usually classified according to their nature or intended use. D) defined as any item which becomes part of the final product sold to consumers.With the use of examples, explain to your colleagues in the buying department any (12) SIX criteria that they need to consider when selecting fruit and vegetable suppliers.
- ___________ Quantities of products that buyers are willing to purchaseAfter recognizing the importance and differences of industrial, reseller, government, and non-profit markets, describe in detail the distinguishing factors in the purchasing behavior of these markets. Which specific behaviors distinguishes them clearly from the ultimate consumer purchaser" Explain.Which one is better? e-commerce or traditional market? Please explain the reason!