Q: What is Single-Price Tactic?
A: About Price - Price, is a type of concept, which is said as the particular kind of a value. It is…
Q: How to Create unique offerings?
A: All customers pursue product value and uniqueness in the products that they purchase. Companies also…
Q: Define a department store.
A: Department Store: A departmental store is a large retail establishment with a number of departments…
Q: 1. Mr. Pangilinan, proprietor of Belle's Pizza Place, allocates Php 9,000 a month for advertising in…
A: Advertisement is a form of mass communication aimed at reaching the prospective customers to make…
Q: Why companies that manufacture private brands also produce their own manufacturer brands?
A: A manufacturer can be denoted as the person or an institution who is involved in the activity of…
Q: What are convenience stores?
A: Retailing is the process of involving into different activities which makes the seller a retail…
Q: Explain the different variables of the marketing mix
A: The marketing mix is the set of actions or tactics that a company employs to market its brand or…
Q: What are the benefits of FOB origin pricing?
A: Pricing methods are the techniques used to determine the final price of goods and services by…
Q: An effective policy to reduce a trade deficit in a small open economy would be to:
A: D) is correct answer. Increase taxes . An effective policy to reduce a trade deficit in a small open…
Q: Why trucks are a popular transportation mode?
A: Distribution process discuss different stages that needs to be passed for ensuring that product…
Q: What is meant by a shopping product?
A: Customers get leaping products comparatively regularly as well as to valuate them to marketplace…
Q: What is the price at which the product is starting to be perceived as expensive?
A: Pricing can be explained as the process of setting a price for a product or service at which it will…
Q: How does a customer’s decision-making time vary with the type of product?
A: Consumer behavior is said as thei personality and attitude of customers having different…
Q: State advantages of demand-based pricing?
A: Demand-based pricing takes many forms, all of which are united because they are based on consumer…
Q: What is the reason for a product failure?
A: Product Marketing- It is the procedure of coming up with a product for the marketplace. Product…
Q: What is the difference between family branding and individual branding?
A: Brand: It involves a name, logo, label, symbol, and other attributes, which make a brand's product…
Q: State the activities that warehousing includes.
A: Warehouses are storage facilities used by businesses to protect their products and raw materials…
Q: What is the reason that marketers have more access to reliable data?
A: Big data and analytics may also assist a company in forecasting customer behavior, improving…
Q: Explain status-quo pricing.
A: A pricing strategy is a plan of action in which a price is determined for the product depending on…
Q: Using the Hawthorne studies as the basis for your argument, discuss to what extent you agree with…
A: Hawthorne Theory: Elton Mayo and Fritz Roethlisberger conducted the Hawthorne investigations on…
Q: What are the Objectives of sales-oriented Pricing?
A: Price is important because it can influence whether or not a customer buys a product. After all,…
Q: Some firms do not delete products until they become financially threatening. What problems may…
A: Product deletion is a process in which, product which is failing or not performing well, gets…
Q: Explain the types of Brands.
A: Branding is said to procedure of creating identity for the business or its product in order to sell…
Q: What are the reasons that Producers sell directly to consumers?
A: There are four channels of distribution. 1. Direct selling2. Selling through intermediaries3. Dual…
Q: Company Name: Floward (flowers Market) Create a campaign for your company to launch, starting…
A: As an increasing number of businesses embrace the digital expansion of their brands and products,…
Q: Differentiate between random discounting and periodic discounting.
A: Marketing is vast area including various activities like promotion, advertising, digital marketing,…
Q: Explain price lining.
A: Price is the monetary value paid for a product in a marketing exchange; it could also be things you…
Q: Task Three Explain the importance of Porter's Five (5)-Forces model. Using the Five-Forces model,…
A: Porter's five forces model is a framework that identifies and examines the competitive factors that…
Q: Explain The Legality of Price Strategy?
A: Price is the monetary value paid for a product in a marketing exchange; it could also be things you…
Q: State the important issue in pricing.
A: Price is the monetary value paid for a product in a marketing exchange; it could also be things you…
Q: What are the benefits of Internet Auctions?
A: You've probably gotten used to ordering products online and delivering them right to your door.…
Q: What is the difference between variable cost and fixed cost?
A: The variable cost is the cost that is not constant or the same for a producer. The variable cost…
Q: How does knowledge of the product life-cycle relate to the introduction of new products?
A: Management and marketing professionals use this concept to determine when appropriate to increase…
Q: What are the benefits of Change the package design?
A: Packaging relates to the wrapping or the outer cover of the product to prevent the product from any…
Q: How to Choose a price strategy to help determine a base price?
A: Price is mainly a psychological concept where it acts as a perceived value in the eyes of the…
Q: What is the role of brokers in business?
A: Many people who are considering buying or selling a business are unsure about the role of a business…
Q: What are the advantages of catalog marketing?
A: Catalogue sales, also known as catalogue marketing, is a type of sales technique in which businesses…
Q: Diffferintiate Informal and formal business in selling price , cost of sales and Labour cost
A: The full forms of CP and SP is Cost Price and Selling Price, respectively. The cost price of goods…
Q: What is meant by Personal income?
A: Consumer consumption is strongly influenced by personal income. National statistical organizations,…
Q: Give two examples of how the political / legal forces can impact the performance of the hospitality…
A: Political factors: Any country's hotel sector is heavily reliant on tourism, and also on a country's…
Q: What are the Objectives of Status Quo Pricing?
A: Status Quo Pricing is when a company decides to sell the product at the fixed price that everyone in…
Q: How would you classify Mi Ola’s consumer products? Explain your answer.
A: A product can be denoted as any tangible item that can satisfy the needs and wants of the consumer.…
Q: Describe the concept of intellectual ownership in relation to primary and secondary research
A: Both data custody and data responsibility are included in data ownership. Power and control come…
Q: Define distribution channel.
A: Many manufacturers do not sell products or services directly to consumers; instead of relying on…
Q: Identify the importance of building customer relationships.
A: About Customer Relations - Customer relations, is a kind of concept, which refers to the different…
Q: Summarize the marketing concept
A: In the world of business, marketing has become very important; along with the department of…
Q: What is a planned shopping center?
A: Retailers are last intermediary which is present in the chain of distribution and have close…
Q: What is prestige pricing?
A: Significance of pricing: 1.Every business's purpose in pricing is to set a price that is fair to…
Q: Describe the classifications of consumer products.
A: Consumer goods, also known as final goods, are the finished products of production and manufacturing…
Q: Using environmental analysis tools (PESTEL MODEL.), assess the strategy of launching Gigafactories…
A: PESTEL Model of marketing any product or services defines the segmentation on the basis of six…
Identify the barriers that may prevent a common price equilibrium from occurring for goods and services throughout Europe.
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- what are the disadvantages of price-fixing between competitorsIs the seller attempting to establish entry barriers to other competitors by establishing a low price initially, then preparing to raise prices in the future?what is considered a commodity, and what three key variables would affect market entry strategies? Give examples
- For an exchange to take place successfully, all the gaps in the marketing process should besuccessfully covered between production and consumption. Discuss any three gaps you believe to be most relevant to your business in the marketing process of CBD oils in South Africa. As part of your report, discuss two intermediaries of your choice that would be responsible for closing the gaps.You have been exposed to the classical theories and Modern Theories of Trade.I. Discuss two (2) Classical Theories of Trade II. Discuss two (2) Modern Theories of Trade III. In your view which of these theories can be relied on today for successful international trade.For an exchange to take place successfully, all the gaps in the marketing process should besuccessfully covered between production and consumption. Discuss any three gaps you believe to be most relevant to your business in the marketing process of CBD oils in South Africa. Discuss two intermediaries of your choice that would be responsible for closing the gaps.
- Why is there generally a first-mover advantage under sequential quantity competition and a second-mover advantage under sequential price competition?For an exchange to take place successfully, all the gaps in the marketing process should be successfully covered between production and consumption. Discuss any three gaps you believe to be most relevant in the marketing process of CBD oils in South Africa. Discuss two intermediaries of your choice that would be responsible for closing the gaps.Proponents of free markets argue that if all markets were perfectly competitive and if the government allowed prices to be determined by demand and supply, then for all products in the economy, Answer is not Option C