A company may have many Customers depending on it size and industry in which it operates. Explain in your own words who are the company’s customers.

Q: Loyalty schemes have a long history beginning with the early airline frequent flyer programs. Today,…

A: A loyalty program is a sales technique used by businesses to entice clients to keep making purchases…

Q: How can businesses adapt their customer segmentation strategies in response to changing market…

A: Customer segmentation is the process of dividing a company's clientele into groups based on shared…

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: Each part of the marketing plan is essential and valuable for marketers or managers developing a new…

A: Marketing mix refers to planning and implementation of the strategies with relation the product,…

Q: Why do marketing professionals care about and participate in supply chain decisions? Do you think…

A: Marketing plays a vital role in the supply chain decisions of the organization as a whole. That's…

Q: How can businesses effectively balance the need for innovation and adaptation with the necessity of…

A: In today's dynamic corporate world, balancing the need for innovation and adaptation with ethical…

Q: Michael Porter's 5-forces framework is designed to analyze? factors affecting profitability in a…

A: The five forces model is a strategic tool used by organizations to understand competitive forces…

Q: firm operates in a market dominated by two firms of which it is one. It is considering investing in…

A: Duopoly means that in the market there are two dominant firms which are performing the same…

Q: What primary and secondary sources would help a company make a decision for reducing financial…

A: Reducing financial costs is crucial for maintaining a company's profitability and competitiveness.…

Q: Elucidate the factual notion, that Market penetration is a measure of how much a product or service…

A: Market penetration delineates a corporate maneuver geared towards amplifying the market dominance…

Q: What is the difference between losses from transaction exposure, losses from operational exposure,…

A: Losses from Transaction Exposure- Transaction exposure is the uncertainty or risk which the…

Q: Philip Kotler defines marketing as a societal process by which individuals and groups obtain what…

A: Marketing - It is a comprehensive term that denotes the art and science of identification of the…

Q: what is the purpose of customer relationship management systems

A: Customer relationship management means managing the well-established relations with valuable…

Q: ndustry to local, national and international economies and provide statistics.

A: Hospitality has become a significant industry and quite possibly the main social wonders in the…

Q: How can a company utilize the internet to promote its goods and services?

A: The way businesses market and sell their products and services has been completely transformed by…

Q: Describe how a company produces, delivers, and sells a product or service to create wealth

A: A marketing concept is started from the planning process till the product is sold in the market. An…