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A: A company's efforts to advertise and sell goods and services on the market are referred to as…
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A: As, we are bound to answer only 1 question at 1 time. so, you may please resend the others parts…
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Q: explain why marketing manager should understand consumer behavior?
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Q: What is Penetration Pricing?
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Q: Define the term Leader Pricing?
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A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
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- Explain the Price-Break Model?1. Distinguish between value-based pricing and cost-based pricing 2. Explain the common reasons for the failure of new products. What must be the goals for a company to create successful new products? 3. Differentiate between controlled test markets and simulated test markets for new productsWhat are the longer-run Implications of cut the price strategy for sales manager and the business itself?
- How can a business' pricing decisions be affected by the government's actions?Explain The Cost Determinant of Price?Why might penetration pricing potentially negatively impact brand image and product positioning in the long run? Given this risk, why would a marketing manager use penetration pricing? Identify a brand that you believe is engaged in penetration pricing.