Q: Performing a SWOT analysis firms to identify their competitive advantage. Discuss the differences , ...
A: Competitive advantage is an unique feature of the company which gives an opportunity to the company ...
Q: Why is identifying and creating Differentiation such an important part of marketing?
A: The process of marketing involves a series of tasks to create product differentiation in order to ca...
Q: Discuss the advantages and disadvantages of the following lot-sizing methods in the context of an MR...
A: Lot size techniques are the procedures used to determine the batch size for purchased or manufacture...
Q: What is the difference between ethics and socialresponsibility?
A: Ethics or moral philosophy or code of morals practiced by a group of people, whereas social responsi...
Q: Marketers often use customer rewards programs to encourage repeat purchasing or increased consumptio...
A: The study of consumer behavior is one of the most influential gadgets in branding, marketing, and ad...
Q: What factors must marketers consider as they decidewhether to engage in international marketing?
A: International Marketing refers to trading of good and services across the globe to serve the require...
Q: What are the forces in the marketing environment? Howmuch control does a marketing manager have over...
A: Marketing environment refers to those external forces that affect the ability of a an organization t...
Q: Identify the factors that influence the selection ofspecific market segments for use as target marke...
A: The process of dividing the potential buyers of a product into different categories on the basis of ...
Q: Do you think that MTV’s future lies mostly in its international operations?
A: Yes, the future of MTV’s future lies in its international operations, the following reasons explains...
Q: Some new product launches fail and this leaves a negative impact on the profitability of the company...
A: “As you have asked for multiple questions, we will be solving the first question for you. If you wan...
Q: __________________ is NOT part of the AIDA model.A. AttentionB. InterestC. DesireD. ActionE. Deficit
A: AIDA Model is an marketing campaign tool in order to influence the customers to buy the product by a...
Q: How might an AI algorithm decide or predict how much you liked what music you listened to on Alexa M...
A: Artificial Intelligence is the latest innovation of machine learning and intelligence in order to as...
Q: Using examples, explain how product life cycle theory evolve companies into MNCs. Elaborate your ans...
A: Product life cycle consists of four steps: Introduction. Growth. Maturity. Decline.
Q: What is competitive advantage and what is the theory ofcomparative advantage.
A: Competitive Advantage is when a strategy is made that differs one organisation from another. It is l...
Q: Is Tesco's traditional business suitable for e-commerce? why or why not?
A: Traditional businesses diversify their marketing to attract customers from local businesses and onli...
Q: Discuss how the UFC has been able to differentiate its brand from other MMA and boxing promotions
A: The following are the reasons how UFC was able to differentiate its brands from other MMA and boxing...
Q: what is the difference between an opportunity and a threat
A: SWOT Analysis is carried on in order to gain more insight from various points of view, that means th...
Q: Provide a long and detailed self explanatory solution on what potential problems will a marketer enc...
A: Global advertising basically means when a company sees no difference between the domestic market and...
Q: What is critical thinking and how do you measure it?
A: In today’s knowledge-based world, the achievement is for those who can think critically and improve ...
Q: Identify some recent technological innovations in the marketplace and describe how they have affecte...
A: Technological innovations are the introduction of new products and processes with the help of digiti...
Q: According to Kotler (2008), "Marketing management is 'the art and science of choosing target markets...
A: Marketing is defined as an organizational function and a sequence of processes to create, communicat...
Q: Describe four important elements of business blogging.
A: Business blogging is a technique that used by the business to promote and show its visibility online...
Q: What is Content Marketing? Give an example of a firm that has used it well.
A: It is a methodological presentation of facts and information in a logical flow and well-structured f...
Q: Heinz, in order to boost its sales, came up with ketchup in gross green and funky purple colors. It ...
A: Marketing strategies are very vital for a growing business and for every marketer the Ansoff matrix ...
Q: How does the life time analysis differ from the basic customer profitability approach? Explain.
A: Consumer profitability is an important metric used to inform decision making in various areas of the...
Q: Explain the relationship among profit, business risk, and the satisfaction of customers’ needs.
A: Profit - It is the net amount the company is left with from the revenue after deducting all the cost...
Q: Jon Snow has invented a new and improved space heater unlike anything in the market. He has a protot...
A: There is always the scope of uncertainty when one go for new product development and its introductio...
Q: What variables might be used to segment these consumer markets? (a) lawnmowers, (b) frozen dinners, ...
A: Market segmentation is dividing the market into common groups who share similar characteristics. It ...
Q: Which of the following questions must be addressed when making marketing decisions? a) What fea...
A: Marketing strategies should be taken into mind while making marketing decisions. The product quality...
Q: detern destiny prime reasoh keywol purchase, there are otner advantages using the system. nese inCiu...
A: SERP - Search Engine Results Pages Search Engine Results Pages are the pages shown by search engines...
Q: If a company has $1 million to spend on a new strategy and is considering market development versus ...
A: Product development is the strategy which focuses on development of new products for an existing mar...
Q: ((Behavior associated with consumption is related to many factors- psychological/mental, social, eco...
A: The marketing Environment is nothing but a combination of external and internal factors that influen...
Describe how marketing creates value.
Step by step
Solved in 2 steps
- Explain how Marketing is often misunderstood ?Briefly outline and explain what is your understanding of marketing? Suggest three (3) reason why companies engage in marketing? Briefly outline four (4) benefits of marketing to a company?Briefly outline and explain what is your understanding of marketing? Suggest three (3) reason why companies engaging in marketing? Briefly outline four (4) benefits of marketing to a company?
- Describe the three important marketing concepts you learned about in this course. Explain why these concepts will be useful to you in your current or future position.how marketing works with its partners to create and deliver customer value?What is the objective of marketing? What three ways will help it achieve this objective?