Q: Choose your own (or optional company) and one product. For example, chocolate "Laima" or bread…
A: Creating a customer profile helps in better understanding of the customer needs, preferences,…
Q: Many organizations find it difficult to incorporate a customer-based marketing strategy into their…
A: Websites play an important role in the business of digital marketing. A well-designed website…
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: Identify a product or service you want to market, and choose a market targeting strategy you think…
A: Market targeting strategy: If a business wants to market its product and services, they need to…
Q: What does writing a Marketing Plan provide?
A: Marketing is the process to create exchange with customers. It is the primary activity along with…
Q: LOST CUSTOMERS are one of the most important segment that should be targeted by the company. What…
A: Lost Customers are the group of customers, as the name itself suggest, are lost or detached from a…
Q: How does a company go about "marketing" its products or services?
A: Different companies use different marketing techniques before launching their products such as…
Q: T F The ultimate objective of business firms shouldbe to satisfy the needs of their customers.
A: When a company determines, how the products and services manufactured by them have met the needs and…
Q: What is the importance of managing customer relationships?
A: Marketing is a very broad concept of business. It includes various activities that are used to sell…
Q: How can a operate in a responsible, ethical, and sustainable manner in creating value for their…
A: How to create a responsible, ethical, and sustainable manner in creating value for their customers…
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: Using practical examples to clarify each concept fully,discuss the three concepts that are commonly…
A: Marketing concepts helps in designing different strategies which satisfy the needs and wants of the…
Q: Why is targeting the “right” customers so important for successful customer relationship management?
A: Customer relationship management can be referred to as a group of activities, strategies, and…
Q: A. Discuss any FOUR (4) strategies that service organizations can implement to increase customer…
A: Due to strict adherence to the guidelines of Bartleby, while answering the question, we are allowed…
Q: Does the use of visual meeting software has an edge over traditional marketing techniques?
A: As communication technologies set off more important for businesses wherever they are, the…
Q: What is a barrier to growth in marketing and gives an example applied to a food company
A: Growth is a process of development of something or someone. Marketing is a process undertaken by an…
Q: How can you measure your customer experience?
A: Customer experience is an important factor to boost customer loyalty. It gives insights on how the…
Q: How is a marketing-oriented firm different from a production-oriented firm or a sales-oriented firm?
A: Marketing Oriented firm develops its business and products around the needs of the customer by…
Q: How to retain customers?
A: Customer retention: The ability of a company to get the customers purchase repeatedly without them…
Q: Define 'customer value' and provide an example
A: Customer value is a qualitative concept of utility analysis in Marketing.
Q: Internet
A: Talking about the traditional marketing mix then, it will hwlp thw organisations to me more…
Q: Assuming you are a marketing officer of Bank in a City. The CEO of the said bank is asking you to…
A: Considering I am the marketing officer, the following can be the activities that can create a…
Q: Define availability. What strategies can be used to improve it? Give examples
A: The level of product availability is an optimal level of availability to be maintained for sales. It…
Q: explain the relation between customer retention and customer loyalty for a service firm
A: Customer retention and customer loyalty is important form type of industry service and product…
Q: Marketing managers must be cognizant of the unique characteristics of services: intangibility,…
A: Service marketing is very different from product marketing. Service is a form of benefit or activity…
Q: Develop a "Marketing Plan" based on Principles of Marketing for a product or service of your choice…
A: Marketing plan based on principles of marketing: Let us take a product or service as an example for…
Q: The text suggests that internal marketing is necessary before a successful marketing program can be…
A: Marketing is the process company carry out to build customers. This marketing is one of the core…
Q: Focusing on a targeted group of customers (a target market) can gain a competitive advantage…
A: Answer of 6. Option D -A tailored marketing mix can have better value proposition to the customers.…
Q: Describe
A: The biggest difference between subway and it's competitors is healthy food option in contrary to…
Q: a few examples of marketing strategy techniques that would help grow the brand equity of a small new…
A: Marketing helps the company to increase the customers and brand value. It is the primary activity…
Q: What form of company has the main goal of meeting a specific need in the community?
A: Tha basic mail goal of the company is maximize the profits and create a social responsibility in the…
Q: Select an existing company and create a new product or service. The product or service you select…
A: Introducing a new product or a product advancement in the market can be a risky and time consuming…
Q: Identify a company that you think is customer-centric and one that is not.
A: Customer-centric: It means the producers will produce goods based on the needs, taste and wants of…
Q: Give an example of needs of customers
A: The most essential element of the business is customer for whom businesses takes up all the…
Q: Zipcar is considering launching Zipbike, a service that would offer the possibility to rent bikes.…
A: Market development strategy, as the name goes, is the strategy in which the organization plans…
Q: how B2B companies achieve this. Explain Briefly
A: B2B customer service oft connected to a central square with company clients' queries, aiding with…
Q: Think of a specific product or service and then formulate a concrete marketing strategies that can…
A: A marketing strategy refers to a business's plan for reaching the target market and turning the…
Q: What is happening in the business world today, it could be focused in marketing or business in…
A: Marketing is the tool used by business operations to communicate their output to end-users.…
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: Relationship Marketing aims at building long lasting relations with target customer,. Keeping in…
A: Introduction Relationship Marketing is a type of marketing strategy which is employed by the…
Q: What market strategy and branding strategies should online food delivery company apply/use in order…
A: The application of Digital promoting tools and techniques has emerged to become the core foundation…
What is the main goal of a company that serves a specific community need?
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- What are the most effective methods for developing a marketing plan for a new product or service that has no existing market or competition?How can a company effectively identify and target the most profitable customer segments within a chosen market? What strategies can be used to maximize profitability within these segments?Identify a company that you think is customer-centric and one that is not.
- How do the firms identify the most valuable customers andunderstand their needs?Select one existing and famous business organization and complete the following: Name of the business Business main goal and objectives Target market Product/ service feature Threats in the market Business competitive strategyComment on the marketing strategies used by Amazon aws to promote the selected product/service. Evaluate and compare the differences on the marketing strategies used other firms which are not operating in the high-tech business environment.