Q: What are the five levels of needs in Maslow’s hierarchy? How are a person’s needs related to…
A: Maslow's Hierarchical needs concept was suggested by Abraham Maslow and is known to be one of the…
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: Demonstrate how the product life cycle, competition, distribution and promotion strategies, customer…
A: The price a seller charges needs to consider, and be consistent with, the objectives and costs of…
Q: Discuss two major flaws of markup pricing.
A: Markup pricing is a method of determining the price of a product or service. This pricing combines…
Q: 13____________J.C. Penny’s purchase of Eckerd’s drug store chain illustrates Product development…
A: Business expansion and growth are significant for the survival of operations and activities. Today,…
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: What is product differentiation?
A: Product differentiation is a marketing strategy that encourages consumers to select one brand or…
Q: What is a brand extension?
A: Branding is undertaken for the purpose of building and creating an identity for the business or…
Q: What is the reason that sometimes buyers equate price and quality?
A: Price: It demonstrates the amount endowed by the users (customers) for purchasing a particular…
Q: Interbrand is a brand consultancy, specializing in areas such as brand strategy, brand analytics,…
A: In marketing, brand equity can be explained as the value of a brand in and of itself or the social…
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 is meant by product-line pricing?
A: A set of products that need to differentiate through price and features at different price points…
Q: write an introductory part for swot analysis emphasizing the ecofriendly tote bags.
A: For a business to grow and sustain, it should be very well aware about it's strengths, weaknesses…
Q: Differentiate premium pricing and capitive pricing.
A: Premium Pricing: Premium pricing is a marketing strategy that entails strategically pricing your…
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: Explain Markup Pricing?
A: Pricing methods are the techniques used to determine the final price of goods and services by taking…
Q: Which issues should be considered when selecting a brand name?
A: A good brand name should be unique and distinctive so that the target customers can easily recognize…
Q: Define line extension.
A: Line extensions occur when a company introduces new flavors, forms, colors, added ingredients, or…
Q: Explain what a communication channel is and list the many kinds of communication channels that…
A: In the current business world, marketing and promotion is of great importance. With proper marketing…
Q: What are the benefits of successful new products?
A: You must balance the necessity and difficulty of new product development as a company to maintain…
Q: What three factors led to the Apple iPad/iPad revolution?
A: The widespread availability of large-screen phones and the greater portability of current laptops…
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: •Evaluate current real estate Web sites. How do they perform these functions online? •Outline…
A: Current Real estate web site for example 99acres.com. In alternate model while bypassing the broking…
Q: Who are retailers?
A: The process of distribution is very essential as it deals with delivering of final goods to end…
Q: Discuss the importance of pricing decisions to the economy and to the individual firm?
A: Price is important because it can influence whether or not a customer buys a product. After all,…
Q: Explain Pricing during Difficult Economic Times?
A: Pricing refers to setting of price for a particular product, after considering various costs of…
Q: Explain Selective distribution.
A: There are three methods of distribution namely; Intensive, selective and exclusive. In intensive…
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: What is odd-even pricing?
A: Odd-Even Pricing: It refers to the use of a numerical figure to influence a customer's impression of…
Q: Explain odd-number pricing.
A: Pricing consists of the process of setting the value that a firm receives by selling its product or…
Q: How to check the dimensions of quality?
A: Quality of Service and congestion control are the two associated concepts. That essentially means,…
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: 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…
Q: Who are agents and brokers in business?
A: A business broker is a person or company who specializes in the purchase and sale of small, main…
Q: What is Price skimming?
A: Price strategy deals with all steps and course of action which is performed to allocate a desirable…
Q: How to Choose a price strategy to help determine a base price?
A: Price is mainly a psychological concept where it acts as a perceived value in the eyes of the…
Q: What is Inflation?
A: Inflation means a general rise in price of goods and services on constant bases with decreased…
Q: Define FOB origin pricing.
A: Marketing mix is said to the tactical tool which lays down the comprehensive plan for promoting…
Q: What is meant by an adversarial relationship?
A: Negotiation is a strategic discussion that associates with an acceptable issue for both parties.…
Q: What is the difference between family branding and individual branding?
A: Brand: It involves a name, logo, label, symbol, and other attributes, which make a brand's product…
Q: What is meant by a brand name?
A: A brand name is a corporate name or domain name that allows the public to identify and distinguish…
Q: What is meant by unit loading?
A: A load unit is a grouping of multiple items into a single unit. Shipments are easily transported or…
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: 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 the information that must be included in the labeling for products?
A: A product's label is an important selling point for a company. 70% or more of all product purchase…
Q: How business can get the Demands of Large Customers?
A: Demand Marketing can be referred to as the kind of marketing in which the companies саn flexibly…
Q: What is the effect of diminishing marginal utility on quantity demanded ?
A: As indicated by the law of decreasing negligible utility, as an individual consumes a thing or an…
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 the importance of screening of products?
A: Every company will think strategically and will inculcate his mentality into its culture. This will…
Q: Explain negotiated pricing.
A: Pricing will be set by the marketers so that the company can earn profits from the product and…
What is meant by warehouse club?
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