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

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: For each of the following pairs of firms, explain which firm would be more likely to engage in…

A: Meaning of Advertisement: Advertising refers to any form of impersonal, paid for communication,…

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

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: Who are our competitors? What are their marketing strategies?

A:

Q: Which of the following markets/commodities is most likely to fall under monopolistic competition?…

A: there is many number of buyers and many sellers.There is product differentiation in this market and…

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: How might advertising lead to a shift in the demand curve

A: Demand curve is a downward sloping curve that depicts the negative relationship between the price of…

Q: When the pharmaceutical companies began advertising directly to consumers, it was an example of The…

A: The answer is as follow

Q: Why are sellers in perfect competition unable to increase prices?

A: Perfect competition is a market structure characterized by large number of firms selling homogenous…

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: What are the three concepts that are commonly associated with marketing on the internet. Use…

A: Internet marketing refers to the process through which goods and services are marketed with online…

Q: In most markets, independents are the most common form of retailer. Why is this the case?

A: There are various types of market where Retailer , wholesale sale their products either homogeneous…

Q: Are golf balls really differentiated products? Explain why or why they are not?

A: Golf balls are a common example of a monopolistic competitive market. It is known that any specific…

Q: Directions: Complete the table below by supplying it with products that you consider similar. Write…

A: A substitute good or service  that can be used in the place of another good. It is a good that is…

Q: In a perfectly competitive market, the demand curve is the marginal revenue curve. Is this the case…

A: Monopolistic competition is one of the imperfect competition with large number of producers selling…

Q: The makers of Tylenol pain reliever do a lot of advertising and have very loyal customers. In…

A: Note:- Since we can only answer up to three subparts, we'll answer the first one. Please repost the…

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: How profound the impact of advertising is in Microeconomics? Also explain its benefits.

A: Advertising is a source of expanding the business. Microeconomics deals with the individual part of…

Q: Which of the following gives the customers better products that are not offered by other…

A: Marketing: It means promotion and selling of goods and services which include market research and…

Q: Branding involves creating and communicating a unique image and theme for a product in the…

A: It is important that brand of the product is created.Due to branding,product sells at a larger range…

Q: Draw a diagram to indicate the profit-maximizing level of output, the profit-maximizing price, and…

A: At any market structure, the firm would produce at the output level, where the marginal cost is…

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: Outline the economic factors that affect marketing decisions and consumer buying power.

A: There are many economic factors that affect the marketing decisions of a firm such as unemployment…

Q: Evaluate the key marketing issues and their implications.

A: Implementing a marketing plan can boost corporate profitability. The marketing strategy focuses the…

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: Explain Profit Maximization Pricing?

A: Meaning of Cost Plus Pricing: The term cost-plus pricing refers to the situation under which the…

Q: Why does price elasticity of demand play such an important role in Ogligopolistic markets?

A: The elasticity of demand demonstrates the way from which one can assess the change in Q (quantity)…