Ascertainment of the goods is a key part in the process of sale of goods. Discuss why ascertainment is important with an illustration
Q: What is product knowledge in sales and why is it important?
A: Product Knowledge: Product knowledge is defined as having a complete knowledge of the Product in…
Q: explain the meaning of the following concepts Financial Program Commercialization Decline Stage…
A: 1. Financial Program- This is a finance term that expresses two related activities. It is the study…
Q: Discuss the importance of the make-versus-buy decision and outline a process for performing this…
A: A make-or-buy decision is a performance of picking between composing a product in-house or…
Q: What is the main difference between buying products and services for personal consumption and buying…
A: Introduction:- Buying refers to the series of steps that a person will take to make purchase…
Q: What are the ways of arriving at the price of a product?
A: 1. Know the market: The company needs to find out what customers are looking for, also what the…
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: 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: Explain the different stages of marketing process needed to create value for customers?
A: The marketing process is the process in which company plant their growth accordingly and work to…
Q: What role do post-purchase surveys and feedback mechanisms play in improving products and services?
A: Post-purchase surveys and feedback mechanisms play a crucial role in improving products and…
Q: What strategies may a company implement to track its discount promotion campaigns and customer…
A: Social media and promotion play an important role in the upliftment of a brand or a company.
Q: State three ways of using artificial intelligence and machine learning in marketing and explain each…
A: The term "marketing" covers a broad range of activities used to advertise and entice customers to…
Q: Explain the term Purchasing agents?
A: Today, it is recognized that purchasing greatly influences the foundation of the organization.…
Q: whats the common target market groups, their purchasing habits and the ways companies try to attract…
A: Target Market - It refers to a group of customers to whom the Company sells its product and…
Q: What is buying and selling of goods. Explain
A: Goods are the commodities that satisfy human requirement by providing utility. Generally, goods are…
Q: In personal selling and sales management inputs and outputs are not always same- Explain why? Please…
A: Personal selling is also known as face-to-face selling in which one person who is the salesman tries…
Q: discuss the factors that influence the customer and the buying process
A: Some important factors that influence buying decisions are Economic factors, functional factors,…
Q: What should be the basic customer information that should be included in the marketing information…
A: A marketing information system assembles, stores, breaks down, and disperses showcasing information…
Q: What are the necessary steps involved to attain customer value
A: Following are the necessary steps in attaining customer value: Step 1: Understanding what drives…
Q: hat are the key components of a Customer Relationship Management (CRM) system?
A: CRM helps in providing better customer support by centralizing customer information and facilitating…
Q: hy is it necessary to collect data from all buying processes at the transaction level
A: The question is based on the importance of data at different stages of the purchasing process, as…
Q: What can be a particular product (goods or service) that can be offered in the market that can…
A: Customer loyalty Customer loyalty means that how much the products and emotional feelings of…
Q: What are the most important attributes to consider when determining who will and who will not be…
A: Customers are individuals or organizations that purchase or use products or services from a…
Q: What is a cost-per-order? What kind of information do marketers gain from this metric?
A: A marketer can be defined as a person who is made responsible to undertake all the activities…
Q: What is the core product, augmented product and total product sold at a University? How does this…
A: The renowned Economist Philip Kotler created the Five Product Levels model in the 1960s. It offers a…
Q: What is the importance of Customer relationship management (CRM)?
A: Customer relationship management is the most effective and efficient method of preserving and…
Q: various levels of a product that a marketer needs to think about in planning
A: Any marketer needs to identify and plan the different levels of product before entering the market.…
Q: What is the advantage of having the information on the products?
A: Information on the products refers to various kinds of knowledge related to a particular product.…
Q: Customers' buying behavior, what are the goods and services they frequently purchase? Mention TWO…
A: Consumer behavior can be described as the behavior or habit of a consumer which he shows while…
Q: What is the purpose of a marketing plan for a company or a product/service? What do you think about…
A: Please find the answer below.MARKETING PLAN:The strategy a business will employ to promote its…
Ascertainment of the goods is a key part in the process of sale of goods. Discuss why ascertainment is important with an illustration
Step by step
Solved in 2 steps
