Directions: Complete the table below by supplying it with products that you consider similar. Write the product and not the brand in their respective columns. Then describe and differentiate its characteristics and uses.

Q: Explain why firms in a perfect market fail to advertise independently

A: The two main characteristics of perfect competition industry because of which firms fail to…

Q: How can brands create the perception of products through advertisement and social stratisfaction?

A: Businesses have their major events and aspect that needs to be catered for the economy has a driving…

Q: From a marketing strategy and customer intimacy perspective, to what extent do you believe companies…

A: In democratic government typically, it has been seen that there is both public and private sector…

Q: How you can convince your colleagues that introducing the new soft drink is the most profitable…

A: Answer is in 2nd step-

Q: refer(s) to the unique set of psychological characteristics that tend to identify individuals in the…

A: A market is a place where the two parties of the trade such as the buyers and the sellers come and…

Q: There are only two views of advertising: informative and persuasive.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Explain at least five different “Functions of Marketing” to any local company of your choice.

A: Answer: Functions of Marketing includes the following points: Market research, before finalization…

Q: Choose one brand for every market structure below. Explain the characteristics of the brand to…

A: 1) Perfect competition: Brand for perfect competition: Agricultural or craft markets can be given as…

Q: What specific marketing insights would you use to understand competitive differentiation for pizza…

A: The market is the place where the buyers and sellers interacts with each other and the exchange of…

Q: What are the different views of Advertising? Topic: Monopolistic Competition

A: Advertising is information about a company's product or operation distributed by the firm, usually…

Q: Explain product differentiation ,  Name a product and show how it has been differentiated

A: Product differentiation: - Product differentiation is a market technique of making any product…

Q: What is the reason that Wholesalers are the most misunderstood of marketing intermediaries?

A: When talking about market intermediaries, wholesalers and retailers play a significant role in the…

Q: In what different ways does Nutrisystem engage in direct marketing?

A: Direct marketing is a process in which business organization deals directly with the customers and…

Q: Demonstrate conceptual understanding of the rapidly evolving social media and Internet marketing and…

A: The marketing communication mix include 1. Advertising 2. Sales promotion 3. Public relations 4.…

Q: Define supply, demand, prices and marketing. and explain the relationship between these concepts.

A: In the goods market, the equilibrium is attained at a point where the downward sloping demand and…

Q: When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its…

A: Product differentiation is the strategy of developing goods and services with distinguishable…

Q: The table shows the costs and revenue for Glitter Ltd., a monopolistic competitor that sells…

A: Total revenue (TR) is the revenue earned from selling all the output at the market price. The…

Q: How has MTV Networks International overcome cultural differences to create a world brand?

A: Cultural barriers are very common for any company to establish its business in the foreign market.…

Q: How are the characteristics and marketing needs of the product and service brands you selected…

A: To satisfy the demands and expectations of diverse customer segments, all goods and services…

Q: What is meant by Promotion Mix? Explain its components

A: Promotion mix is the integration of various factors which helps in the promotion of goods. They are…

Q: Competitive Advantages and Competitor Analysis

A: Competitive Advantage: It refers to the factors that make it easy for the companies to produce…

Q: Discuss the different types of markets. what are the key forces driving the new marketing…

A: Market structure is defined as how many firms are operating in the market and how much market share…

Q: Which of the following relates to the concept of differentiated products? A Optimal location B…

A: Monopolistic Competition: Monopolistic competition is the market situation that encompasses many…

Q: Discuss how economic forces such as macroeconomic conditions and consumer income affect marketing.

A: Macro economic environment The macro-environment is a broader term that refers to the economic…

Q: In which market structure would you find a great deal of advertising?

A: Market: In economics, a market is defined as a place where sellers of a commodity and buyers of a…

Q: Provide an overview of online marketing tactics and partnerships, including business-to-business…

A: The word "online marketing" refers to a collection of tools and strategies for using the internet to…

Q: How does the “LIVE TESTS” campaign demonstrate the characteristic of integrated marketing…

A: The Volvo is an automotive manufacturer who manufactures the most reliable as well as famous trucks,…

Q: The brands a consumer considers buying out of the set of brands in aproduct class of which the…

A: Consumer: A purchaser is an individual or a gathering who means to request, requests, or uses bought…

Q: Describe the major retailer marketing decisions?

A: Retailer Marketing Decision: The decision of the retailer changes in the environment of the market,…

Q: Identify the different advertising objectives? Provide examples of brand advertisement for each one…

A: Different advertising objectives The main objective of advertisement is to promote the product,in…

Q: Thinking Through Marketing Strategy Pretend that you are the Chief Marketing Officer at Alibaba.…

A: 1.Target Market Alibaba can target two commercial centers in America which incorporate the worldwide…

Q: What type of pricing structure might company use. What other strategies might managers employ to…

A: Company may use cost pricing or price discrimination to maximize profit. Cost pricing would ensure…

Q: Consider any brand of your choice and discuss the stages of it's product life cycle and also the…

A: A product life cycle is defined as the cycle through which the product undergoes different phases.…

Q: Explain what the term ‘personal branding’ means. Then discuss how personal branding is developed on…

A: Personal branding is the deliberate and concerted attempt to build and influence public opinion of a…

Q: Draw a diagram depicting a firm that is making a profit in a monopolistically competitive market.…

A: Monopolistic competition refers to an imperfect market structure in which many firms sell products…

Q: The process of differentiating different clusters of customers into smaller, homogenous groups…

A: The correct answer is B ‘Market segmentation’.