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Q: Define the term product.
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A: Marketing is an ever-evolving and dynamic field. The most effective digital marketing strategies…
Q: What is promotional allowance?
A: In the selling and distribution of items, the discount and allowance facility is especially…
Q: How to Set a Price on a Product?
A: Product is the major elements based on which marketing mix elements are developed for generating…
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A: Concept Of Market Orientation - Market Orientation, is a type of concept, which is defined as a kind…
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: 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 are discount stores?
A: Retailers are smallest part of distribution channel but are close to customers than producers and…
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A: The hierarchy of effects model instructs advertisers to create advertisements in such a way that…
Q: Explain the process of labeling of products.
A: Labelling and packaging are concepts of marketing and branding. Attractive labeling and packaging…
Q: What are the benefits of Price bundling?
A: The strategy for setting accurate pricing for the product is most crucial and critical part for…
What is the difference between superstores and super markets?
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- How are consumer markets and business markets different from eachother? Identify the points of difference between the two markets.Support your answer with suitable examples.how is market share calculated, and what factors can impact a company's market share?In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?
- What is the general definition of a public market?Why does a company need to consider its currentmarketing situation, including competitive trends, whensetting objectives for market share?Business markets have several characteristics that differ from the consumer market. Distinguish these different characteristics?
- What is the meaning of the different types of market structures?2. Why do markets inefficiently produce amounts of education that yields benefits to society as a whole and not just the individual person? Draw a graph to help explain your answer. What possible real-world solutions have been developed to address this inefficiency?How do marketplace business models create value for both buyers and sellers, and what are the key success factors in building and growing such platforms?