Q: Describe the development of a marketing plan.
A: Marketing gives the framework which is used to target, reach and persuade customers to buy the…
Q: Discuss 3 major variables/bases for segmenting a consumer market.
A: It refers to assessing potential purchasers of a brand's products and services who have comparable…
Q: Describe several reasons for studying marketing
A: Studying marketing gives the students an overview about how the study of economics can paves way to…
Q: Compare and contrast the nature of the business market structure and demand relative to consumer…
A: The organizational marketer should consider various factors related to market structure and demand…
Q: Distinguish between the three basicstrategies for reaching target markets.
A: Target markets consist of customers who will be more attracted to buying the company's offerings. So…
Q: Briefly discuss the term "Marketing Channal"
A: Marketing is the process of encouraging and educating the customers about the existence of a product…
Q: Discuss the Marketing Mix
A: Marketing is the process of communicating a company’s products to consumers through various…
Q: . The process of segmenting and targeting markets is a bridge between which two marketing activities
A: The process of segmenting and targeting markets is a bridge between two marketing activities such as…
Q: Describe the bases commonly used to segment consumer markets?
A: Market Segmentation is to split up the market into groups of similar and different characteristics.…
Q: 1. Suggest three (3) reasons why companies engage in marketing
A: Introduction:- The use of planned, accessible material to engage individuals and build meaningful…
Q: Explain the marketing mix
A: Mаrketing meаns the methоds with whiсh the firm орerаtes fоr sаtisfying the needs оf…
Q: Critically explain the term market portfolio.
A: A market portfolio is a set of all types of investments available as the options for investments.…
Q: Explain the term marketing mix.
A: The marketing mix is a combination of actions or methods used by a firm to promote its brand or…
Q: Discuss Concentrated Marketing
A: A Market Targeting Strategy is used to evaluate your customer segments on the basis of their…
Q: List and define marketing mix
A: Marketing concept is а wide соnсeрt thаt believes thаt firms саn mаximize their рrоfits by finding…
Q: State five practical reasons why the company should segment their market
A: Market segmentation is an important aspect of the company's external world like demand fulfillment,…
Q: Define conscious marketing.
A: While CSR is a crucial component of conscious marketing, the two are distinct. CSR suggests…
Q: 1. Explain the reflection of scarf business in marketing.
A: SCARF business model in marketing is a means of remembering and understanding the five areas that…
Q: What are the general approaches for selecting target markets?
A: After identifying the market sector, a company must decide how to contact the chosen markets. Many…
Q: benefit
A: Non-Profit Organization is the utilization of advertising strategies and techniques to enhance an…
Q: The business market consists of four major categories. What are they?
A: A Market is basically a place where buyers and sellers meet to make a busking transaction that is…
Q: Indicate the available market and penetrated market of the grocery stores
A: Market can be referred to as a place where producers and customers come together and meet for…
Q: Describe the characteristics of a market orientation.
A: Market orientation is a concept of marketing where the marketers give priority to the identification…
Q: Discuss the major segmentation variables that companies use to segment the consumer markets.
A: Market segmentation is the process to group people together such that people in it have common…
Q: Identify the four major categories of business market customers?
A: When it comes to marketing, there is one aspect every business should be aware of: not all consumers…
Q: Describe the elements of the marketing mix
A: A marketing mix could be an assortment of operations that a corporation will make additions to…
Q: WHAT IS the purpose of segmentation and targeting in marketing
A: The objective of segmentation in marketing is to recognize targeted associations of consumers to…
Q: Explain the basic techniques of selecting a market segment
A: Marketing is an activity which the firm takes up to make customers. For this marketing strategies…
Q: Describe the steps in market planning.
A: Marketing planning is a systematic approach for developing marketing objectives and strategies. It…
Q: Describe the characteristics of each type of consumer product and give examples of each.
A: Definition of Consumer Products: Consumer products, also known as final goods, are objects purchased…
Q: Understand the two majorcomponents of a marketingstrategy—target market andmarketing mix.
A: Target Market: Before starting marketing plans, you need to define the objectives for your marketing…
Q: Explain how to evaluate market segments.
A: Market segmentation is the process, in which; according to various features or characteristics,…
Q: Describe in detail the four components of the marketing mix (the four P’s of marketing).
A: Marketing mix: Marketing mix refers to the set of actions used by an organisation for promoting its…
Q: Explain the target marketing process and state why marketers tend to choose the target marketing…
A: Marketing consists of different strategies to make sales. Organizations dedicate marketing teams to…
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: in your own words, explain "passive" vs. "active" marketing strategies
A: In passive marketing, customer service and smart positioning can be used by the firm to reach the…
Q: How would you define marketing
A: Market can be referred to as a place where people collect and interact with each other for the…
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