Describe why Net Promoter Score is a closed customer feedback loop.

Q: What is the equally likely decision model? Explain briefly plz

A: Many times a manager won't be especially worried about risk in a choice, yet might want to settle on…

Q: A seller wants to understand the buying habits of their customers based on a data source collecte…

A: Let's examine each of the options given, such as big data analysis, algorithm analysis, survey…

Q: What role does data analysis play in interpreting and deriving insights from marketing research…

A: Marketing research is the process of acquiring important information about a company's customer…

Q: List the techniques of studying buying motives .

A: Introduction Studying the buying motive helps your organisation as you don’t waste money on…

Q: Give a list of factors that might influence a consumer's motivation  to purchase a healthy bag of…

A: Consumer behaviour theory-Consume behaviour theory is the study of how people make purchasing…

Q: Categorize and narrow down a sample coffee effect population from general to specific. Provide…

A: Sampling techniques are used to study the characteristics of a target population by collecting data…

Q: Seven steps in hypothesis with any real world scenario related to clothing

A: the hypothesis is a clear and predictive statement about any research outcome. Types of hypothesis :…

Q: Benefits of Customer Surveys?

A: Customer surveys are a way to get customer feedback to help the companies to measure their…

Q: Describe the concept of customer lifetime value (CLV) and its significance in customer-centric…

A: Customer Lifetime Value (CLV) is a metric used by organizations to estimate how much revenue they…

Q: How Should Users Be Included in the Needs Analysis Phase?

A: Users play a crucial role in the needs analysis phase, as their needs, preferences, and requirements…

Q: Internal Validity versus External Validity

A: Internal validity means that how much we can trust that the causal relation that is being tested is…

Q: What is a decision tree?

A: DECISION TREE

Q: What are the two types of preference model marketers use to understand how consumers make…

A: Consumer preferences: Consumer preferences refer to the choice and preferences of an individual that…

Q: Identify Five brands who are using sensory marketing and explain how they are attracting their…

A: We people as a human being we have 5 senses in our body which help us at different stages to…

Q: Explain the consumer's postpurchase evaluation process?

A: Consumer's post-purchase evaluation process: It is the behavior of the customer after purchasing the…

Purchase Process

Purchasing refers to the act of procurement of products or services from a market of resources. The procedures used to accomplish the acquisition of the requisite resources are referred to as the purchasing process. Consumer behavior, customer strategy, product pricing, consumer necessity, and other variables are various parts of the process.