Business markets have derived demand. Discuss what derived demand means and the implications of derived demand for business markets in terms of marketing mix (4 ps) strategies?

Q: Define the following and provide example for each of them: 1- Differentiation 2- Marketing mix

A: The marketing concept refers to the need identification of consumers to produce and sell products…

Q: In marketing, what is margin variation on models?

A: Marketing is the process used in companies that aim to attract consumers to their high-quality…

Q: Define transaction-based marketing?

A: Marketing strategy are the steps chosen by the marketers to achieve the marketing goals. These…

Q: between goods and services and list the elements of marketing mix for goods and services?

A: The main Difference between the Goods/Products and Services are Given Below: Products are…

Q: Give an example of on-demand marketing?

A: Marketing is the primary activity for any company along with production. Production helps to create…

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: What are the current needs of each target market? Describe the target market in terms of…

A: When а соmраny wаnts tо sell its рrоduсts аnd serviсes tо а роtentiаl grоuр оf сustоmers, this grоuр…

Q: MArket problems vs market needs

A: Disclaimer: Since you have posted a question with multiple sub-parts, so as per the company…

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: List the principles of marketing?

A: Marketing can be denoted as the process of management of products/services or both in such a manner…

Q: Define the term Concentration of Customers?

A: Reducing client concentration is another strategy to raise your company's value before a deal. You…

Q: What is the market plan outline for the board game candy land

A: Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three…

Q: What is the GAP model of marketing? How does it apply to customer service?

A: The GAP model of service quality helps the company to understand the customer satisfaction. In…

Q: Why is geographic customer segment so important in marketing ?

A: Geographical distribution involves classifying your audience based on where they live or work. This…

Q: Define the term on-demand marketing?

A: Marketing practice involves mixture of product, price, place and promotion elements to ensure…

Q: How can the Marketing Plan Objectives maintained?

A: Marketing objectives are particular goals established by a business or organization to aid in the…

Q: What is actually marketing mix? How does it relate to product and price? What is the target…

A: The marketing mix, often referred to as the "4Ps," is a foundational concept in marketing that…

Q: What are the main customer markets? Explain each of them by giving example

A: A market is a place where the buyers and sellers come together in order to exchange goods and…

Q: What advantages and disadvantages do you have inmeeting the target market’s needs?

A: The advantages of meeting the needs of target market are that you are able to open the stores more…

Q: Analyse why a demand-led marketing approach is considered more suitable compared to the other…

A: Ans. The demand-led approach This spotlights on the significance of clients and their necessities.…

Q: Explain the term customer-value marketing?

A: The term "value" has a wide range of interpretations. To others, value equates to price (how much is…

Q: Define the concept of customer insights and the role itplays in market planning decisions.

A: Customer insights helps to attain a deep understanding of how a customer is feeling about the…

Career Building in Marketing

Career building means planning for the future professional career of an individual. Career building consists of developing new skills, enhancing knowledge, pursuing education, gaining experience, and finding new opportunities over time.