Q: How does the budget constraint affect consumer choices?
A: Household decisions are determined by the combination of pricing, financial limits, and personal…
Q: Why is Business Implementation important to help the company achieve its goals?
A: Business success is the result of strategy, planning and management skills. Every business should…
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: ining the market sha
A: Features of market: 1. Buyers and Sellers: All that is required to develop a market for a commodity…
Q: well in the market. Why do you think so? Mention things you think that the business/developer miss…
A: UK phone finder mobile phone app missed out on the early stages, as initially various expenses and…
Q: Why is it important to screen the basic needs of the prospective market before considering doing…
A: Basic needs of a market consist of the consumer's desire for a specific benefit of a service or of a…
Q: How does a business carry out business analysis step?
A: Business Analysis can be understood as a research discipline that helps you to find the business…
Q: A stable base of loyal customers can help a firm grow and prosper. How?
A: Customer loyalty appears to be something that brands can desire purely because of their presence:…
Q: In your local area, identify a group of people with unsatisfied product needs who represent a…
A: Every organisation will create value for shareholders in terms of profits and for customers in terms…
Q: As a consumer of goods and services, provide an example/story of when a product or service did not…
A: The success of a business is defined by the way they fulfil the needs and solve the problems of…
Q: What is the significance of above the line as effective marketing tool in business operatio
A: ATL strategies focus and directing to the communication towards the mass market. All promotional…
Q: If you were to practice, what are some ways by which you can increase the market's demand for your…
A: Ans. Some products demand fluctuate seasonally. During the mean season, a sedate and basic technique…
Q: What is the relationship between an organization's customers and its business level strategy?
A: Business level strategies normally deal with a product or service that the company deals in.…
Q: “The competing concepts under which organizations have conducted marketing activities include: the…
A: We need to understand that all concepts such as production, selling, marketing strategies, and…
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: How can market analysis benefit a business?
A: Definition of Market analysis, A market analysis is a scientific study of a market within a…
Q: How would Colgate estimate the customer lifetime value of their loyal customers ?
A: Customer lifetime value (CLV) refers to the cumulative amount of money a customer is supposed to…
Q: How important is it for you to understand your customer before estimating your market?
A: Understanding your market(customers and competitors) is essential if you are going to build a…
Q: Is it important for a company to invest in customer loyalty programs and why with example?
A: The business organization survives only because of the customers. The customers are the core drivers…
Q: In your opinion, to what extent have contemporary marketing contributed in increasing the business…
A: Contemporary marketing means that the owner of the business will respond to the needs of the public…
Q: How can customer service act as a competitive weapon?
A: Customer service: Customer service done right has the power to increase brand loyalty, customer…
Q: As a marketer, how are you going to solve and help a business that is experiencing shortage in…
A: A comprehensive and impactful logistics and supply chain management system will provide a whole…
Q: How to retain customers?
A: Customer retention: The ability of a company to get the customers purchase repeatedly without them…
Q: What is the importance of marketing strategy in the development of a business
A: Marketing is the fulfillment of the needs of consumers through the right product and right price,…
Q: How can a company successfully serve its external and internal customers?
A: Customer service is the bedrock on which customer loyalty and retention are built. The strategic…
Q: What is the difference between intrinsic value and acquired value?
A: INTRINSIC VALUE: intrinsic value is the calculated value of a company, including tangible and…
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: When implementing customer relationship management, why might a business desire fewer customers over…
A: Customer relationship management is one of the management strategies that emphasis on analyzing data…
Q: Is it a good strategy to focus most marketing efforts on the most profitable customers?
A: It isn't generally a decent procedure to concentrate the vast majority of the promoting endeavors on…
Q: What is customer equity?
A: Customer equity is essential for an organization as it is the lead basis to long-term achievement.…
Q: What is the importance of customer experience to a business success?
A: Customers play a vital role for every organization as they help to drive revenues for the business,…
Q: When implementing customer relationship management, why might a business desire fewer customers over…
A: CRM is the activity of establishing and maintaining relationships with customers of the company. So,…
Q: What will happen to a business without any marketing strategy?
A: The marketing strategy is a thorough plan created expressly to satisfy the marketing objectives of…
Q: Why should a manager in marketing care about systems in the finance or manufacturing departments?
A: Marketing requires funds to executes its plans and startegy, so it becomes very important for…
Q: What is the importance of market environment in a business?
A: The marketing environment of a business comprises of the internal and external factors that are in…
Q: What is market opportunity analysis?
A: Today, in this competitive business environment, sustainable growth and profit are never a…
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…
Q: How does market environment affect the business?
A: Marketing environment is the combination of all those external and internal factors or forces which…
Q: How is gaining knowledge in customer analysis and market study related to establishing or developing…
A: Marketers collect information from various sources and fields about the customers in order to…
When a business is doing well financially, why is it necessary to consider the viewpoint of the customers?
Step by step
Solved in 2 steps
- Is it important for a company to invest in customer loyalty programs and why with example?As a marketer, how are you going to solve and help a business that is experiencing shortage in supply because of a sudden demand?What are the main advantages of a market-oriented approach Why might a market-oriented approach be unsuccessful?
- Do you think providing the resources and opportunities has a huge impact to the marketing strategy of a business?Why is it important to screen the basic needs of the prospective market before considering doing business with them?Whats Aristotle's view on business or more precisely, whats his view on business for making profits?