I badly need help for this one. Please please. Thank you so much. PROBLEM SET #6:Imagine that you are a budding entrepreneur and decided to start a business in San Juan, LaUnion. You are trying to put up a mini restaurant serving delicious and authentic Ilokanocuisine. Your biggest challenge is the already established competitors within San Juan. Withyour knowledge about margins, choose among the two choices provided below and justify youranswer. Choose only one answer.Choice A: Establish a high gross margin to compensate the high cost production and otherexpenses to be incurred in a tourist spot location.Choice B: Establish a lower gross margin to have an edge (price-wise) with the otherbusinesses.Note that your goal is to maximize the use of margins in business to better accommodate theintended costumers.

Marketing refers to the process of identification of the needs of the customers through market…

Answered: I badly need help for this one. Please…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Similar questions

Can the technology system social computing provide order status checking and online payment processing for a business? If so explain.
For this assignment, you will synthesize concepts you have learned during Weeks 4, 5, and 6 by writing answers to questions about the following three business topics. 1. Business collaboration 2.Business communication 3.Quality improvement
Background Quality Appliances is a regional chain of appliance outlets. Three months ago a new IS system went live to handle all sales, billing, and inventory activity for the chain. All seemed well at the end of the implementation phase. A follow-up survey, however, reveals some issues have developed that Susan Thomas, the IT consultant who developed and implemented the system, wants to address. Several new hires in the sales force have occurred in the past month. Original plans were to have training for all new hires given by department managers. The new sales people, however, indicate that no training was provided, and they were expected to “train themselves” from the documentation created for the new system. The new hires indicate they are having trouble using the system, because the documentation is support oriented and assumes a knowledge of the system. Several members of the sales force have asked for enhancements to the system that would allow them more easily to track their…
Elevator pitch: You just graduated from college and are in the elevator with the CEO of Deloitte and want to ask him for an internship at Deloitte's company.
What other professionals, such as a lawyer, an insurance agent, a banker, and a certified public accountant, will you need for assistance?
Write a paragraph of your own supporting details. Include a definition and talk about the kinds of them, etc.
Should an organization feel a moral obligation to avoid lay-offs even when there are compelling economic reasons to justify them? When lay-offs are necessary, how can an employer handle it in a way that respects the dignity of the dismissed employees? What considerations should organizations make for employees who are not dismissed in a mass layoff? Aside from layoffs, what should be considered when contemplating the termination of an employee? When exiting a person, either voluntarily or involuntarily, what is the value of performing an Exit Interview? Does the issue of value pertain to both layoffs and other types of dismissal? Explain.
Discuss the role of service-level agreements (SLAs) in IT resource acquisition contracts. How do SLAs ensure the quality of acquired resources and services?
As practice manager for a single physician medical office, you notice that the physician is coding most patient contacts as simple office visits and the practice is reimbursed by insurance at the lower reimbursement level. How do you ensure that the practice is paid for all appropriate costs of medical services provided?
I work as a stocking associate at Home Depot. What are my job responsibilities, duties, and activities? What are the skills used in my previous job?
Identify the lifecycle development systems and discuss the various steps involved in creating an e-commerce website.
The Vice President of Corporate Communications has charged your department, with the task of planning the awards function for the sales representatives, with a budget of $3 million. This plan is to be presented to the senior management team for approval. What are some goal and objectives of this plan?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles Of Marketing

Marketing

ISBN:

9780134492513

Author:

Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:

Pearson Higher Education,

Marketing

ISBN:

9781259924040

Author:

Roger A. Kerin, Steven W. Hartley

Publisher:

McGraw-Hill Education

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Principles Of Marketing

Marketing

ISBN:

9780134492513

Author:

Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:

Pearson Higher Education,

Marketing

ISBN:

9781259924040

Author:

Roger A. Kerin, Steven W. Hartley

Publisher:

McGraw-Hill Education

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Marketing: An Introduction (13th Edition)

Marketing

ISBN:

9780134149530

Author:

Gary Armstrong, Philip Kotler

Publisher:

PEARSON

MKTG 12:STUDENT ED.-TEXT

Marketing

ISBN:

9781337407595

Author:

Lamb

Publisher:

Cengage

Contemporary Marketing

Marketing

ISBN:

9780357033777

Author:

Louis E. Boone, David L. Kurtz

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS