The four functions that show the importance of marketing. Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

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Answer 1

Question

Chapter 1.3, Problem 1PC

Summary Introduction

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Expert Solution & Answer

Answer to Problem 1PC

The four functions that show the importance of the marketing are customer, finance, marketing research and pricing.

Explanation of Solution

The four functions are as follows.

The main function of the business is to satisfy the customer needs and wants. Attract the customers without using promotion and to satisfy them.
One of the important functions of the marketing is financing. As an owner of the business, the main purposes of marketing of the product is finance. The owner always thinks about how to create more money through the product.
Marketing research is an important function in marketing because under the market research, someone has to gather information related to the targeted customers.
Pricing is one of the primary functions of the marketing. The manager has to set a price which can be afforded by a customer.

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Adapted from: (Case 18. Nando’s International: Taking chicken to the world. Re-printed with the kind permission of De WitsBusiness School. http://cws.cengage.co.uk/hoffman/students/cases16-18/case_18.pdf)Q1. Assess the reasons behind Nando’s struggles to establish profitable operations in foreign markets such as Australia, theUK, and Canada. Additionally, propose two alternative market entry strategies that could have been more effective in theseregions, and justify your recommendations.

The foundations of pricing strategy.

General Accounting

Answer 2

Question

Chapter 1.3, Problem 1PC

Summary Introduction

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Expert Solution & Answer

Answer to Problem 1PC

The four functions that show the importance of the marketing are customer, finance, marketing research and pricing.

Explanation of Solution

The four functions are as follows.

The main function of the business is to satisfy the customer needs and wants. Attract the customers without using promotion and to satisfy them.
One of the important functions of the marketing is financing. As an owner of the business, the main purposes of marketing of the product is finance. The owner always thinks about how to create more money through the product.
Marketing research is an important function in marketing because under the market research, someone has to gather information related to the targeted customers.
Pricing is one of the primary functions of the marketing. The manager has to set a price which can be afforded by a customer.

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Answer 3

Question

Chapter 1.3, Problem 1PC

Summary Introduction

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Expert Solution & Answer

Answer to Problem 1PC

The four functions that show the importance of the marketing are customer, finance, marketing research and pricing.

Explanation of Solution

The four functions are as follows.

The main function of the business is to satisfy the customer needs and wants. Attract the customers without using promotion and to satisfy them.
One of the important functions of the marketing is financing. As an owner of the business, the main purposes of marketing of the product is finance. The owner always thinks about how to create more money through the product.
Marketing research is an important function in marketing because under the market research, someone has to gather information related to the targeted customers.
Pricing is one of the primary functions of the marketing. The manager has to set a price which can be afforded by a customer.

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Answer 4

Question

Chapter 1.3, Problem 1PC

Summary Introduction

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Expert Solution & Answer

Answer to Problem 1PC

The four functions that show the importance of the marketing are customer, finance, marketing research and pricing.

Explanation of Solution

The four functions are as follows.

The main function of the business is to satisfy the customer needs and wants. Attract the customers without using promotion and to satisfy them.
One of the important functions of the marketing is financing. As an owner of the business, the main purposes of marketing of the product is finance. The owner always thinks about how to create more money through the product.
Marketing research is an important function in marketing because under the market research, someone has to gather information related to the targeted customers.
Pricing is one of the primary functions of the marketing. The manager has to set a price which can be afforded by a customer.

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Answer 5

Chapter 1.3, Problem 1PC

Summary Introduction

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Expert Solution & Answer

Answer to Problem 1PC

The four functions that show the importance of the marketing are customer, finance, marketing research and pricing.

Explanation of Solution

The four functions are as follows.

The main function of the business is to satisfy the customer needs and wants. Attract the customers without using promotion and to satisfy them.
One of the important functions of the marketing is financing. As an owner of the business, the main purposes of marketing of the product is finance. The owner always thinks about how to create more money through the product.
Marketing research is an important function in marketing because under the market research, someone has to gather information related to the targeted customers.
Pricing is one of the primary functions of the marketing. The manager has to set a price which can be afforded by a customer.

Answer 6

Chapter 1.3, Problem 1PC

Summary Introduction

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Expert Solution & Answer

Answer to Problem 1PC

The four functions that show the importance of the marketing are customer, finance, marketing research and pricing.

Explanation of Solution

The four functions are as follows.

The main function of the business is to satisfy the customer needs and wants. Attract the customers without using promotion and to satisfy them.
One of the important functions of the marketing is financing. As an owner of the business, the main purposes of marketing of the product is finance. The owner always thinks about how to create more money through the product.
Marketing research is an important function in marketing because under the market research, someone has to gather information related to the targeted customers.
Pricing is one of the primary functions of the marketing. The manager has to set a price which can be afforded by a customer.

Answer 7

Chapter 1.3, Problem 1PC

Summary Introduction

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Answer 8

Expert Solution & Answer

Answer to Problem 1PC

The four functions that show the importance of the marketing are customer, finance, marketing research and pricing.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The four functions are as follows.

The main function of the business is to satisfy the customer needs and wants. Attract the customers without using promotion and to satisfy them.
One of the important functions of the marketing is financing. As an owner of the business, the main purposes of marketing of the product is finance. The owner always thinks about how to create more money through the product.
Marketing research is an important function in marketing because under the market research, someone has to gather information related to the targeted customers.
Pricing is one of the primary functions of the marketing. The manager has to set a price which can be afforded by a customer.

Answer 12

Ch. 1.1 - Prob. 1PC Ch. 1.1 - Prob. 2PC Ch. 1.1 - Prob. 3PC Ch. 1.1 - Prob. 4PC Ch. 1.1 - Prob. 5PC Ch. 1.2 - Prob. 1PC Ch. 1.2 - Prob. 2PC Ch. 1.3 - Prob. 1PC Ch. 1.3 - Prob. 2PC

The four functions that show the importance of marketing. Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

To determine: The four functions that show the importance of marketing. Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.

Answer to Problem 1PC

Explanation of Solution

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Chapter 1 Solutions

To determine: The four functions that show the importance of marketing.

Introduction: Marketing is an art in which a seller sells the goods and services to the customer. Marketing has the four elements which are price, product, place and promotion.