“People often buy products not for what they do but for what they mean.” From consumers’ standpoint, what do you understand from this statement? Please explain it in detail

Q: How would you encourage your customers to buy your product?

A: Customers never purchase a product based on its functionality. They purchase because they believe…

Q: It is not necessarily true that all new products benefit consumers or society. What are some new…

A: New products launched in the society can be useful or harmful. It depends upon the way how consumers…

Q: Considering car industries, give the three levels of management and identify their roles in…

A: Marketing management includes all those activities that are important for selling goods and services…

Q: What is the value of Customer Relationship Management between and manufacturer and suppliers,…

A: Customer Relationship Management (CRM) is a strategic approach that emphasizes the importance of…

Q: For consumers, what are the benefits of bundled products and services?

A: Product bundling is a marketing strategy that allows businesses to bundle products that complement…

Q: self-reflection

A: Used cars the ones which is used by the owner for period of time and after that he wants to replace…

Q: Which laws, federal, state, or local, are the most important for a retailer to understand and comply…

A: The business activities and operations of every business organization are affected by the legal laws…

Q: Does It Matter Where You Sell?

A: One important factor to note about the significance of place in selling is that it does not refer to…

Q: How do companies add value to products via their marketing channels? Give an example and explain

A: Marketing channels are all set of people or organization that perform activities to transfer…

Q: Why

A: The concept of ethical consumption has gained significant attention in recent years, with consumers…

Q: Why do people chose the products they like.

A: Customers often make a purchase with a company they are loyal with, but this loyalty is affected by…

Q: How does the definition for marketing in the textbook differ from your perception of what marketing…

A: Marketing involves creating, distributing, pricing, and promoting products, services, and ideas in…

Q: Why don't give away the bread when the seller can't sell it? Please apply some marketing concepts.

A: A marketing concept is a set of strategies that companies use to analyze their customers' needs and…

Q: Explain in detail what the ethics in buying?

A: A business operates in a dynamic environment. The success of the business depends on how quickly it…

Q: The issue raised is whether the practice of reducing the contents of packages without changing the…

A: Package Downsizing is a practice that many manufacturers practice. It is done reducing the content…