Q: Explain the process of inventory management.
A: Distribution process oversees the stages of product delivery so that customers feel happy and…
Q: What is the importance of competition-based pricing?
A: A pricing approach in which a corporation determines the price for its products after studying the…
Q: What is Inelastic Demand?
A: Elasticity of demand refers to the responsiveness of a quantity demanded of a good to change in the…
Q: State disadvantages of cost-based pricing?
A: Cost-based pricing can be denoted as a pricing method that requires the marketer to calculate the…
Q: I will upvote if informative, pls pls plss tenchu WRITE DOWN 5 BEST TEST-TAKING TECHNIQUE TIPS…
A: Test taking techniques are the evaluation techniques in which the test taker or the assessee takes…
Q: Define the term marketing concept.
A: A marketing plan is a step-by-step guide to introducing and delivering your product or service to…
Q: What is meant by perishable products?
A: Fruit and vegetables, for example, continue to metabolize and respire after harvest. This means that…
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: Suppose that you have just opened a new Ford sales showroom and repair shop. Which of your employees…
A: Wages-Payment which is generally received by the labor for the work or services offered by him is…
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: 9._________Fatiza majored in marketing and really enjoyed studies in market research. Through…
A: Business environment refers to the various micro and macro environment which surround the business…
Q: What is a brand extension?
A: Branding is undertaken for the purpose of building and creating an identity for the business or…
Q: Why retailers are the final link between producers and consumers?
A: Every company will create value in terms of products and services for consumers. Companies will be…
Q: Explain the Price Strategy?
A: Marketing mix is developed with strategy of getting controllable factors centred towards customers'…
Q: What are the five stages of the consumer buying decision process?
A: Understanding the consumer decision-making process is critical for any business, but eCommerce…
Q: What are the benefits of Price skimming?
A: Pricing skimming: It is a strategy where high prices are set for the product initially when a new…
Q: What does symbolic associations of a brand means?
A: Brand: It demonstrates the company individual or product (service) recognized by those who escapade…
Q: Diffferintiate Informal and formal business in selling price , cost of sales and Labour cost
A: The full forms of CP and SP is Cost Price and Selling Price, respectively. The cost price of goods…
Q: How does the marketing environment affect a firm’s marketing strategy?
A: When developing and presenting a new product, everything your company must consider is the marketing…
Q: What is the role of business analysis?
A: The examination of how dynamic a market is and what changes take place in the market is called…
Q: what spirituality is and how it is supported by the company's values.
A: Spirituality in a nutshell is as defined in one of the Babylonian Talmud: " That which is hateful to…
Q: How might adoption of the marketing concept benefit a firm? How might it benefit the firm’s…
A: A marketing idea helps in identification of client desires and needs or product and services,…
Q: How does knowledge of the product life-cycle relate to the introduction of new products?
A: Management and marketing professionals use this concept to determine when appropriate to increase…
Q: What are the benefits of innovative products?
A: Innovative items can introduce new technology or methods of doing things. When the gas and electric…
Q: What is meant by warehouse club?
A: Retailers are people who purchase goods in small quantities from the wholesalers and sell them to…
Q: How product life-cycle leads to new product development?
A: Marketers, executives, and designers all benefit from understanding the product life cycle. It…
Q: What is revenue?
A: A business has to incur several expenses to earn revenue. The costs can be either direct or indirect…
Q: Define the term product.
A: Market demonstrates a places which is solely used for buying and selling process. Market could be…
Q: State the three major pricing methods that firms employ.
A: Pricing is a Marketing concept. It helps the company to generate profits for shareholders and for…
Q: What is Price competition?
A: Features of competition: 1.Competition is a never-ending cycle. It occurs constantly, whether…
Q: What are the conditions that a product undergoes to be effective?
A: Product is a tangible tool which is used by customers to achieve their desired goals. It is created…
Q: Can a product line be a product mix?
A: Product is said to item which has certain features and values to satisfy customers' needs. The…
Q: Explain Average total cost (ATC)?
A: When pricing products and services, determining the average total cost is critical because it…
Q: What is a full-service wholesaler?
A: Wholesaling refers to any activities involved in selling goods or services to other businesses,…
Q: Describe the classifications of consumer products.
A: Consumer goods, also known as final goods, are the finished products of production and manufacturing…
Q: Well water inc. wants to produce and sell a new flavored water in order to penetrate the market,…
A: The target value or cost is the overall value whereas eliminating a specific share or % of the…
Q: Discuss social marketing process from fan acquisition to sales and the marketing capabilities of…
A: Social marketing is a type of digital marketing process that allows companies to formulate and…
Q: Why the process of market segmentation is required?
A: Market- It is a place where sellers and purchasers can meet to facilitate the transaction or…
Q: What are the benefits of concept testing of products?
A: Release a new product without adequate concept testing is akin to sailing through uncharted waters;…
Q: Discuss and explain in detail how Internet and web features and services support e-commerce.
A: E-commerce means buying and selling goods or services or transferring funds or data over electronic…
Q: Transit time is critical in supply chain management because its impact on the inventory…
A: When the distribution of products is done, the major responsibility is to keep the products…
Q: What does FOB destination indicate?
A: A supply chain is a network of businesses and their suppliers to produce and sell to the final…
Q: What major factor determines whether a product is a consumer or a business product?
A: Business services are services purchased by businesses to help them run their businesses. Consumer…
Q: What is meant by comparison discounting?
A: Determining the present value of a future payment or stream of payments is known as discounting.…
Q: What is meant by reference pricing?
A: The price a seller charges needs to consider, and be consistent with, the objectives and costs of…
Q: Define Price shading?
A: Price is important because it can influence whether or not a customer buys a product. After all,…
Q: Differentiate allowance discounts and seasonal discounts.
A: The discount and allowance facility is particularly important in the selling and distributing of…
Q: Name the categories in which business products are classified.
A: A product is something or service that is supplied to meet the needs or desires of a consumer. They…
Q: Differentiate premium pricing and capitive pricing.
A: Premium Pricing: Premium pricing is a marketing strategy that entails strategically pricing your…
Q: Under what conditions would a business most likely decide to employ one of the differential pricing…
A: Pricing is one of the most important tool with a company. It will help the company to increase the…
What is meant by brick-and-mortar retailers?
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