Q: Explain two benefits that might arise from the existence of brand names
A: Brand names means a name given to a product or service by the makers.
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A: Pricing strategy refers to pricing of various products and services by an organization. Various…
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A: They are many benefits as well as drawbacks of offering a guarantee on the quality of service. The…
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A: The business sells both products and services to customers according to the needs of the market. The…
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A: A competitive advantage occurs whenever one firm has an edge over another. In other words, it is…
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A: Analytical Manufacturing-This analytical manufacturing comprises tasks such as analyzing and sorting…
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A: Segment, Target, as well as Position (STP) marketing, is a three-step methodology that looks at your…
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A: Any brand in a competitive market following a holistic marketing approach focuses more on Customer…
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A: The Digital Marketing Funnel is a strategic model that illustrates the whole purchase process of a…
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A: Inventory control, often known as stock control, is the process of keeping a company's stock levels…
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Q: a CRM
A: A customer relations management (CRM) strategy is a plan for a company to increase sales while also…
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A: *Introduction - The intangible products that the customers are unable to get physically are termed…
Q: Explain the process of Computer-aided manufacturing (CAM).
A: Computer-Aided Manufacturing (CAM) allows us to create physical objects, whether they are products,…
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Q: What is meant by the intermittent process?
A: Intermittent processes are used in intermittent production systems, where products are produced only…
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A: CRM means Customer Relationship Management, and this strategy is planned to grow sales by keeping…
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A: The concept of Corporate Social Responsibility is such that companies work in society and hence they…
Q: What are the major problems of product differentiation in food and beverages industry? Explain.
A: Concept Of Product Differentiation - Product Differentiation, is that kind of concept, which makes…
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A: In economics, demand refers to a customer's desire to purchase goods and services as well as their…
Q: Describe the seven types of business goods and services
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Q: How does the state of competition among hotels indicate where this category is in the product life…
A: The market competition states about intensity of rivalry among related and un related firms present…
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A: HRB App is an app that helps the farmers sell their products directly to the customers willing to…
Q: State the difference between job specification and job analysis.
A: Job analysis is the most important tool in personnel management. A people manager uses this strategy…
Q: evaluate the phrase people-oriented organiation
A: Employees are one of the most important pillars for the success of an organization. Loyal and…
Q: . Based on market indicators, you are convinced that the price of wheat is going to significantly…
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Q: Select a basis for pricing your product (cost, demand, and/or competition). How will you know when…
A: Price setting distresses the regular lives of the customers in several ways. The price of the…
Q: What elements are consumers likely to consider when evaluating the purchase price of a product they…
A: Pricing implies the step which involves price and worth determination of the product. It means…
Q: Why research and development (R&D) is important for any business?
A: Marketing research solely relates to collection of various market data and information to be used in…
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A: Why understanding Cultural difference is important? Cultural differences is one of the most…
Q: Explain a labor-intensive technology.
A: The factors of production is known as all elements which are essential for producing products with…
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A: The strategy of business explains the tactics and action plan which business would undertake to…
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A: Media literate person is a person, who has proper knowledge about various media channels. Such…
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A: Buying is the process of making a purchase or exchanging the product from the company in exchange of…
Q: Analyze the bases used for setting prices
A: The pricing strategy effectively assist management to determine accurate price which would…
Q: State the benefits of employee compensation.
A: Employee Compensation means the compensation or benefits that is given to the employees for…
Q: One of the potential problems, among others, by implementing marketable pollution permits has been…
A: It;s a program where state or city govt issue certain quantity of pollution permits.
Q: What is a capital-intensive technology?
A: Technology is the application of science to solve the challenges in our daily life and bring luxury…
Q: A market segment does not have to be measurable if it is substantial enough.
A: Ans. 9.) Introduction The term market segment alludes to people who are assembled for marketing.…
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- A Radiant Beauty for a New Generation When Sam Rainer launched Radant Beauty in the USA in spring 2021, it was with a clearly articulated marketing strategy – a hefty first-year sales goal of $1.7 Million. Nine months after rollout, Rainer’s plan seemed to have worked quite well. His skincare company and product line had already topped the $1 Million mark and showed no signs of slowing. The line was formerly owned Zirh Skin Nutrition, a male skincare line that was acquired by Shisheido in 2000. Rainer immediately recognized an underserved market segment among young people ages fifteen to twenty-nine, a group he called “Generation Me”. A combination of Generation X and Generation Y, Generation Me had long been ignored by the more recognized skincare companies, which tended to make products to help older consumers fight such skin ailments as wrinkles and recondition ageing skin. No serious conservatively priced high-end skin care solutions existed for young skin problems, such as oily…The case is about a branding tool called "vertical brand extension" or vertical price differentiation. Write a not-more-than-one-page case essay about1) what is vertical brand extension in the case of Vinamilk2) why can a commodity like "milk" be branded and vertically extended?3) was it successful and why?What is the main goal of the executive summary section of a marketing plan? summarize everything in the plan in no more than two pages summarize plus highlight why people should invest in this venture present a strong SWOT analysis as well as 5-year financial projections QUESTION 2 According to HubSpot’s top statistics on customer service, ________ percent of the customer experience or journey depends on how they are being treated. 25 35 50 QUESTION 3 How does process add its value to the 7 Ps of the marketing mix? building trust through efficient procedures communicating benefits to customers conveying value through atmospherics
- What will happen to profits if Harmark discontinues the Kites product line? The profits will drop by _______.Company: Apple Inc. Product Description: Apple HomeLife Follow this Outline 1. New product overview (brief/paragraph) 2. Situation Analysis: Company SWOT analysis (not product) 3. Segmentation, Target Market Segmentation Analysis Primary Target Market Description 4. Marketing Objectives (Goals) Objectives Notes: Use “SMART” Goal setting technique. Address all 4 PsOne or two sentences per objective b. Positioning. Notes: Highlight a specific position to focus against your competitors especially the competitor you highlighted in External Environment. Include a positioning map. 5. Marketing Strategies Product/service 3 layers (list is acceptable for this section) Benefits available Promotion Use the entire promotion mix A phased approach to match the stage in the product life cycle is recommended Price Pricing chapter: Elasticity, Choose Price Strategy, Tactics for Fine Tuning the Base Price PlaceI would like all questions answered pleease 1. The [3] Phases of the Marketing Plan [Mark all that Applies]. A. planning B. socialization C. evaluation D. implementation E. subsittution 2. The [4 P's] critical to the Coffee Connection Franchise. [Mark all that Applies] A. product B. price C. promotion D. profit E. place 3. The Marketing Plan A, always result in profits for failing businesses B. one time product purchases C. should earn the company's brand, repeat business and future customer relationships D. should be complete after starting the business E. requires the determination of the 4 P's 4. SWOT Analysis examines A. organizational relationships B. competition strengths/weaknesses C. internal strengths/weaknesses D. external strengths/weaknesses E. profit of the business 5. The Evaluation phase of the Marketing Plan A. successfully position the brand, earn customers confidence, trust, and future business B. a means of micromanaging…
- Question 3: What are the major strategies for corporate growth; select all that apply A Vertical growth B Diagonal growth C Horizontal growth D Optimal growthWhat are the key problems that BreadTalk faces? Hints: - The key problems may be categorized into industry- and company-level factors in both marketsBusiness Plan for 39 Storage https://www.39storage.com/ (This Company) Cover these points below Executive Summary, Company Description, Product/Services, Distributio, Promotion, Pricing Cite Sources
- (0) A Radiant Beauty for a New Generation When Sam Rainer launched Radant Beauty in the USA in spring 2021, it was with a clearly articulated marketing strategy – a hefty first-year sales goal of $1.7 Million. Nine months after rollout, Rainer’s plan seemed to have worked quite well. His skincare company and product line had already topped the $1 Million mark and showed no signs of slowing. The line was formerly owned Zirh Skin Nutrition, a male skincare line that was acquired by Shisheido in 2000. Rainer immediately recognized an underserved market segment among young people ages fifteen to twenty-nine, a group he called “Generation Me”. A combination of Generation X and Generation Y, Generation Me had long been ignored by the more recognized skincare companies, which tended to make products to help older consumers fight such skin ailments as wrinkles and recondition ageing skin. No serious conservatively priced high-end skin care solutions existed for young skin…management 231 marketing1 Product line extension occurs when a firm’s management decides to add products to an existing product line. Product line extensions can often be described as an upward stretch, a downward stretch, or a two-way stretch. Discuss the difference between each of the product line extension techniques. 2 Why do some new products succeed, and others fail? 3 Read the Case study TeleBrands is at the forefront of shaping the fast-paced TV-brands market. Its track record speaks for itself. TeleBrands has grown from R36 million in annual sales in 1987, to selling over R900 million annually in 2007. The world leader in TV-branded products, TeleBrands supplies major retail accounts across the entire retail distribution spectrum. TeleBrands is completely integrated, directly controlling every aspect of its business including manufacturing, marketing, and retail distribution. With full ownership of products and complete control over manufacturing, TeleBrands is able to…management 231 marketing1 Product line extension occurs when a firm’s management decides to add products to an existing product line. Product line extensions can often be described as an upward stretch, a downward stretch, or a two-way stretch. Discuss the difference between each of the product line extension techniques. 2 Why do some new products succeed, and others fail? 3 Read the Case study TeleBrands is at the forefront of shaping the fast-paced TV-brands market. Its track record speaks for itself. TeleBrands has grown from R36 million in annual sales in 1987, to selling over R900 million annually in 2007. The world leader in TV-branded products, TeleBrands supplies major retail accounts across the entire retail distribution spectrum. TeleBrands is completely integrated, directly controlling every aspect of its business including manufacturing, marketing, and retail distribution. With full ownership of products and complete control over manufacturing, TeleBrands is able to…