Q2 QUESTION 2What is the nature of demand in business markets?O a. Demand in business markets fluctuates less than in consumer markets.O b. Demand in business markets is elastic.Oc. Changes in consumer demand will cause changes in business demand.O d. Business market demand is independent of consumer market demandQUESTION 3

A business is an organization entirely made for earning profits or for fulfilling social needs by…

Answered: What is the nature of demand in…

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

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QUESTION 2 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past, what is the test statistic? (please round your answer to 2 decimal places)
Q4. What's the difference between Control Quality and Manage Quality? O Manage Quality means looking for defects in deliverable while Control Quality means auditing a project to check the overall process. Control Quality means inspecting for defects in deverbals while Manage Quality means auditing a project to check the overall process. Control Quality involves charts like histograms and control chats, while Manage Quality doesn't use those charts. o Control Quality and Manage Quality mean the same thing.
Compensatory damages compensates a Plaintiff for injuries suffered, such as medical expenses and loss of consortium. Question 12 options: TRUE FALSE None of the above All of the above
Question 2
Question 35 For every consumer who purchases a pair of TOMS shoes, the company promises that a needy child will receive a pair of shoes. TOMS shoes is actively fulfilling its O legal responsibility. O philanthropic responsibility. O ethical responsibility O economic responsibility.
Ch. 12 Q9
QUESTION 5 According to COBIT5, stakeholders' needs influence stakeholders' drivers. True O False
A market is people or organizations with needs or wants and with the ability and the willingness to buy. Question 30 options: True False
Definition and Comparison Questions: For each question, provide an explanation of the marketing terms , compare and contrast them and provide examples of how they are used in marketing. Q 1.3: Core Product Level and Augmented Product-Level of a Product
Q5. BMW sell more ‘3 series’ cars than Ford sell of their comparable “Mondeo” in the UK. When comparing models with comparable levels of performance and equipment the BMW is around £10,000 more than the Ford to buy. Conventional economics would indicate that the cheaper alternative should outsell the more expensive one. Compare the two brands (a BMW 3 variant and a similar Ford Mondeo) using any model such as the “brand building blocks” and use this to explain BMW’s success.

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