What is the difference between intrinsic value and acquired value?

Q: Explain the relation between customer satisfaction and customer loyalty?

A: Before we see the co-relation between customer satisfaction and customer loyalty and how they…

Q: A successful business requires alignment of customer needs with the consequences of products, which…

A: Introduction Market Orientation aims to make the organization more profitable, by enhancing the…

Q: Why is it important to determine who your target market is?

A: With the growing industries or in other words the ever-rising trend of globalization and thus…

Q: In the business world, how do consumers provide value to a product or service?

A: We can say that where I think a business, it’s your job to come up with creative ways to demonstrate…

Q: What factors lead to satisfaction with our product?

A: Customer or consumer is anyone who purchases a product or avails a service from the…

Q: marketing plan be created for each and every product under a single brand or should the marketing…

A: The marketing plan is basically for the specific brand and the products and services under that…

Q: Give an example of a unique value proposition for a food waste app

A: A unique value proposition is not just a brief statement about the company, but it describes what it…

Q: Why customer value matter for the company?

A: Customer value means giving what customers really want. It means identifying the actual needs of the…

Q: If your target market are students, What do they need? What do they want? What products can you…

A: Market targeting decisions are taken based on the market segmentation. The company first segments…

Q: If the women (30-40 years old) were your target market, what do they need?What do they want? What…

A: The targeted market for a company is the customers for which the strategies, policies, goals,…

Q: What is a product? How do consumer products differ from industrial products?

A: A product can be physical or virtual. Physical products incorporate strong products (like vehicles,…

Q: What is Market-Value Analysis?

A: Market value refers to the price that any asset would fetch from the market or the value that is…

Q: What are the Advantages of Using IT in a Competitive Environment?

A: Information Technology (IT) is very crucial part of the environment. The changes in IT raises…

Q: What benefits will your product provide to the customer? How will these benefits play a role in…

A: The marketer desires to communicate with their customer using multi-channels and a better…

Q: What are the potential risks if the marketing mix is not considered?

A: Risks are present everywhere. Some of the risks can be predicted and can be avoided. But some risks…

Q: Formulate the value proposition of red mango using the four benifits(functional, emotional, social…

A: A value proposition is an argument that covers all the questions of why the customers should…

Q: Does a firm have the right to “create” wants and try to persuade consumers to buy goods and services…

A: Yes. Wants are created by the firms artificially. The created wants will induce the customers to…

Q: 1. How did you arrive in your decision to buy that particular product? 2. Do you think you have…

A: The consumer goes through various phases before buying the product and evaluation and assessment is…

Q: 3-5. How does technology impact customer value?

A: Customer value describes the worth that a product is delivering to potential customers. It is…

Q: What means the value proposition and what are the benefits of a good Business Idea in the Value…

A: The above question is from the topic Marketing, so let us first understand what Marketing is.…

Q: What is the importance of product value in marketing?

A: Marketing can be defined as a field of business studies which deals with how a company makes its…

Q: Do you think providing the resources and opportunities has a huge impact to the marketing strategy…

A: Marketing strategy :  It is a process of reaching potential customers and turning them in to…

Q: What is a good? What are the differences betweentangible and intangible products?

A: Marketing refers to the activities performed to promote a product/service in a way that attracts…

Q: What is the difference between a durable good anda nondurable good? What are the main…

A: Distinguishing between nondurable good and durable good: Durable goods are the goods which will be…

Q: Is the business or marketing idea valid?

A: An entrepreneur is a person who finds a new solution to some problem the customers have. That's why…

Q: What are the necessary steps involved to attain customer value

A: Following are the necessary steps in attaining customer value:   Step 1: Understanding what drives…

Q: What are people buying when they purchase a Life is good product?

A: Life is good is an America-based wholesaler and lifestyle brand founded in the year 1994. The…

Q: What is the four-step process a company must engage in to build customer value?

A: Customers Value - Customer value refer to the customers satisfaction. When you make a product with…

Q: What is the customer lifetime value (CLV)?

A: Customer lifetime value (CLV) is a business metric that determines how much a company can expect to…

Q: What is customer equity?

A: Customer equity is essential for an organization as it is the lead basis to long-term achievement.…

Q: plain the concept of added value as the key measure to corporate success by Kay in 1993 in value as…

A: The difference between a product's ultimate selling price and the direct and indirect inputs…

Q: Describe what is a good ? What are the differences between tangible and intangible product?

A: Goods - Goods include merchandise, supplies, raw materials, and completed items. All commodities…

Q: What is Customer Value?

A: Maintaining long-term relationships with current customers and obtaining repeat business depends on…

Q: When buying products, consumers expect certain outcomes from the purchase. What is that?

A: There are different organizations and industries that are active these days. There are different…

Q: How Much Is a Satisfied Customer Worth?

A: Customer loyalty is very crucial, and businesses should never overlook it. One of the crucial…

Q: problems

A: Talking about this question then, business ideas are the ideas that we use for financial gains by…

Q: In buying products, what do customers are actually attracted to?

A: As a business owner, you want to make your products known to the public and get customers buy them.…

Q: what is the role of marketing in creating and delivering customer value and which are the four forms…

A: Customer value is described as the satisfaction level of customers towards a specific type of…

Q: How are traditional ideals passed on today? What role do values play in customer decision-making…

A: The basic ideals, convictions, and concepts forming society are cultural traditions.

Q: How does consumers provide value to a product or service?

A: Customer value is the perceived value of a customer for a good or service, that is recorded as the…

Q: FOR WHOM ARE YOU CREATING VALUE? WHO MAKE UP THE POTENTIAL AND TARGET AUDIENCE THAT YOU ARE…

A: value creation is a process of exploring and giving something valuable to someone so that in return…

Q: Why is it important for the company to know the lifetime value of their customers?

A: Customer Life time value is the value that the customer provides to any organization during his or…

Q: What is more important, sales or marketing?

A: Sale is an old concept, which got started after the Barter system ended during the traditional…

Purchase Process

Purchasing refers to the act of procurement of products or services from a market of resources. The procedures used to accomplish the acquisition of the requisite resources are referred to as the purchasing process. Consumer behavior, customer strategy, product pricing, consumer necessity, and other variables are various parts of the process.