Q: What is meant by the term Adjourning?
A: Communication is very important in every field. It has to transfer ideas and thoughts between people…
Q: State the important issue in pricing.
A: Price is the monetary value paid for a product in a marketing exchange; it could also be things you…
Q: What are the benefits of telecommuting?
A: Businesses now have to work with technology, and telecommunication is a new widespread technology.…
Q: Explain Selective distribution.
A: There are three methods of distribution namely; Intensive, selective and exclusive. In intensive…
Q: What is meant by the allocator?
A: The operating employee is a resource allocator. An allocator or a resource allocator is a vital…
Q: Why production and marketing costs have become the most important determinant of profit?
A: A company will create value for shareholders in terms of profits and for customers in terms of…
Q: What is the importance of possession utility?
A: The economic utility can be defined as the total amount of satisfaction gained from consuming a…
Q: What is Equal Employment Opportunity Commission?
A: Employers who have at least 15 employees are generally subject to EEOC laws, and the EEOC has the…
Q: Which pricing is more profitable: premium pricing or captive pricing?
A: Captive pricing-One of the example of Captive pricing is razor blades for shaving razors. With this…
Q: How does an employee determine whether he or she is being treated equitably?
A: Regulations ensure that employees get assured that their employer's behavior with them will be equal…
Q: What is keystoning?
A: The term "keystone" basically signifies that if a product costs $50, the sale price will be $100.…
Q: Explain the STEPS IN SETTING THE RIGHT PRICE ON A PRODUCT?
A: Pricing means fixing a price for a product or service at which it will be sold in the market and…
Q: When does a brand extension occur?
A: New product development process is when the company will create new products for the existing or new…
Q: For what the Occupational Safety and Health Act is concerned about?
A: The Occupational Safety and Health Act (commonly known as the OSH Act) was signed into law by…
Q: tivity is a ct one: rue alse
A: Creativity is something which is learnt from experience, right throughout the life a person learns…
Q: Who are distributors or jobbers?
A: Many manufacturers do not sell products or services directly to consumers; instead of relying on…
Q: Project delivered on time, on budget and in good quality are the ingredients to project success. As…
A: A good project manager has to work in such a way that he/she ensures quality work, thorough work and…
Q: Explain the maturity stage?
A: An item's life cycle is from an item initially being acquainted with buyers until it is eliminated…
Q: Define consumer product.
A: Marketing discuss about product information dissemination in the market to make customers aware…
Q: What will it result in STEPS IN SETTING THE RIGHT PRICE ON A PRODUCT?
A: The strategies linked with setting the prices for a company's offering are called pricing…
Q: Why owners of store brands can offer lower prices?
A: A private brand is a brand created for and sold under the name of a specific merchant, competing…
Q: What is the role of brokers in business?
A: Many people who are considering buying or selling a business are unsure about the role of a business…
Q: What is the difference between variable cost and fixed cost?
A: The variable cost is the cost that is not constant or the same for a producer. The variable cost…
Q: How marketing concept is implemented?
A: A solid marketing implementation strategy aids in the transformation of plans into processes. It…
Q: Who is the middleman?
A: Middlemen: In a distribution or transaction chain, a middleman acts as an intermediary, facilitating…
Q: Describe the classifications of consumer products.
A: Consumer goods, also known as final goods, are the finished products of production and manufacturing…
Q: Explain the Distribution Strategy?
A: Distribution strategy is the process in which the companies make available the products or services…
Q: 2/ List and discuss the major bases for segmenting consumer and business markets. (Market…
A: Market segmentation is the division of splitting a marketplace among varied identical segments of…
Q: To reduce the bullwhip effect and save on delivery costs of a functional product, the buyer should…
A: Bullwhip occurs when the short term fluctuations in the demand is exaggerated by each level. It…
Q: How valuable is branding your coffee shop?
A: Branding is every one of the manners in which you lay out a picture of your organization in your…
Q: Explain what a communication channel is and list the many kinds of communication channels that…
A: Communication channel refers to the medium through which people exchange information, ideas,…
Q: How accurately can managers plan for future human resources needs?
A: Human resources are an important component of any business's success that may either help or hinder…
Q: Differentiate between merchant middleman and functional middleman.
A: Channels of distribution is the major part of marketing mix strategy which brings the effective…
Q: Define the term product.
A: Market demonstrates a places which is solely used for buying and selling process. Market could be…
Q: Explain the benefits of the Promotion Strategy?
A: The intended audience determines the promotional mix. Publicizing, individual selling, and deals…
Q: Describe cost-oriented pricing strategies
A: Pricing methods are the techniques used to determine the final price of goods and services by taking…
Q: How do marketing activities add value to products?
A: Marketing is developing a message about a product or service and effectively communicating that…
Q: How do brands help companies introduce new products?
A: A brand can be denoted as a name, symbol, design, word, or sentence that differentiates a product…
Q: An effective policy to reduce a trade deficit in a small open economy would be to:
A: D) is correct answer. Increase taxes . An effective policy to reduce a trade deficit in a small open…
Q: How packaging is a vital part of the product?
A: First impressions are very important, and your packaging is often the first consumer introduction to…
Q: How many levels of intermediaries is ideal in the distribution of a product?
A: The intermediaries such as wholesalers distributors agents and brokers are an integral part of a…
Q: What is revenue?
A: A business has to incur several expenses to earn revenue. The costs can be either direct or indirect…
Q: Why the process of business buying is different than consumer buying?
A: Business and consumers, both are important for the world. Production of goods and services takes…
Q: Differentiate between random discounting and periodic discounting.
A: Marketing is vast area including various activities like promotion, advertising, digital marketing,…
Q: Why organizations find it difficult to delete a product?
A: Company will create products and services as solutions for customers. Every product will go through…
Q: Which are the Several factors that affect the elasticity of demand?
A: The demand is elastic if the formula returns an absolute value larger than one. Inelastic demand…
Q: What is meant by sales forecast?
A: Accurate sales forecasting is critical for business success. It affects hiring, payroll,…
Q: Name the forces that make up the external marketing environment.
A: Marketing environment is said to atmosphere where business and marketing activities are developed…
Q: Explain the characteristics of merchant wholesalers.
A: Wholesalers assume a significant part in the advertising channel structure. On the other hand,…
Q: State the two types of branding strategies.
A: A product that is well received by the target audience can change the business. As consumers become…
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- Should the company promise to never again conduct a survey of this sort? Should it go even further and explicitly ban research intended to manipulate the responses of its users?What ethical concerns can you foresee in the conduct of such research? Name some legal issues which can be encountered in selling this new product?What Is Ethics in Research & Why Is It Important?