What is the term that is used to describe, when a company focuses on new product and market development that requires superior market intelligence and reeducating distribution channel members?

Q: following extract and then answer the question below Assume you are the marketing manager of Kgoro…

A: As Kgoro's marketing manager, I will use a structured process to develop new dishes that align with…

Q: Why do marketing professionals care about and participate in supply chain decisions? Do you think…

A: Marketing plays a vital role in the supply chain decisions of the organization as a whole. That's…

Q: The goal of key account selling is to build long-term customer relationships and ultimately to…

A: Some of the advantages of establishing long-term relationships with the company are as follows:

Q: Rivalry among competing sellers grows in intensity when   A) rivals have similar strategies and…

A: Porter's five forces are the model that is used for the identification and analysis of the five…

Q: In a situation where demand exceeds supply , which marketing orientation would you expect most firms…

A: Business managers have to face many decisions day to day. They have to plan many strategies and…

Q: an example of a specific United States company that uses couponing in its marketing strategy.

A: When buying products through the web, so few people expect to pay the full price. With several…

Q: A firm has developed a new roofing material that also produces electricity from sunlight. This…

A: Market segmentation refers to the process where a company divides the whole market into smaller…

Q: Construct a marketing plan for your organization using marketing model canvas.

A: Business Model Canvas lets you edit a business model on one page quickly. As you plan a business…

Q: Which marketing philosophy is followed by business focusing on producing solar powered gadgets?

A: Marketing refers to the process of managing a product/service or both such that customers purchase…

Q: Most organizations sell more than one product. They may offer a portfolio of products. Construct a…

A: The main aim of an organization is to satisfy the customer needs so as to boost sales and maximize…

Q: In this scenario, you are the product manager of any existing company of your choice.  What is the…

A: Product managers are professionals working in a company and are tasked with the responsibility of…

Q: Evaluate the marketing mix (product strategy, pricing strategy, distribution strategy, and promotion…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: o what extent can market multiples valuation method can help to determine if an entire industry is…

A: There are different kinds of valuations that are done in an organization in terms of finance.…

Q: Identify a company that you think is customer-centric and one that is not.

A: Customer-centric: It means the producers will produce goods based on the needs, taste and wants of…

Q: When is a business most likely to adjust the marketing mix of a product?

A: Business would likely to change their marketing mix when they want to step ahead of their…

Q: There are two main types of target markets. True or False?

A: A target market is a group of people who are most likely to be interested in a product or service.…

Q: Marketing Mix choose a product that you have purchased recently.  Research and investigate this…

A: The chosen product is the Uni Ballpoint pen.  Product Strategy   It is a convenient item since it is…

Q: Assume you are the marketing manager for an automotive company. Briefly explain all the steps you…

A: Understanding The Market And The Needs And Wants Of Customers To create want-satisfying market…