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Marketing EOPA, MANAGEMENT FUNCTIONS NOCTI EOPA, FORMS OF BUSINESS OWNERSHIP Final Quiz, Branding, accounting EOPA with 100% Correct Answers CA$14.34   Add to cart
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Marketing EOPA, MANAGEMENT FUNCTIONS NOCTI EOPA, FORMS OF BUSINESS OWNERSHIP Final Quiz, Branding, accounting EOPA with 100% Correct Answers
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Marketing EOPA, MANAGEMENT FUNCTIONS NOCTI EOPA, FORMS OF BUSINESS OWNERSHIP Final Quiz, Branding, accounting EOPA with 100% Correct Answers What are the main responsibilities of the marketing department? - Answer️️ -Designing an place, promotion, product and price that attracts the target...

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  • August 27, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • marketing eopa management functions nocti eopa f

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  • NOCTI EOPA
  • NOCTI EOPA

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©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM

Marketing EOPA, MANAGEMENT FUNCTIONS NOCTI EOPA,
FORMS OF BUSINESS OWNERSHIP Final Quiz, Branding,
accounting EOPA with 100% Correct Answers


What are the main responsibilities of the marketing department? -
Answer✔️✔️-Designing an place, promotion, product and price that attracts
the target market and ultimately drives sales.

Target market - Answer✔️✔️-A group of people identified as those most
likely to become customers that have similar wants and needs.

Advertising - Answer✔️✔️-Paid, non personal presentation of ideas, goods,
or services direct at a mass audience by an identified sponsor. For example
print, billboard, radio, TV or pop-up commercial.

Brand - Answer✔️✔️-The name, symbol, slogan message or design used to
identify a products reputation and image.

Brand loyalty - Answer✔️✔️-The tendency to buy a particular brand of a
product.

Commission - Answer✔️✔️-A fee paid to salesperson based on a percentage
of the amount they sold. For example, real estate agents earn a commission
of 3% of the value of the property they sold.

Competitive advantage - Answer✔️✔️-A feature that makes a product more
desirable than its competitors.




1

, ©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM

Demographics - Answer✔️✔️-Measurable characteristics that describe a
population by age, gender, income, ethnic background, education, and
occupation.

Elastic demand - Answer✔️✔️-situations in which a change in price creates a
change in demand.

focus group - Answer✔️✔️-a small group of people whose opinions are
studied to determine the opinions that can be expected from a larger target
market population.

Image - Answer✔️✔️-The impression people have of a company; it's
personality or reputation.

Inelastic demand - Answer✔️✔️-Situations in which an change in price has
little or no effect on demand.

Markdown - Answer✔️✔️-the amount of money taken off an original price

Market - Answer✔️✔️-A group of people or companies who have a demand
for a product or service and are willing and able to buy it.

Market research - Answer✔️✔️-the collection and analysis of information
aimed at understanding the behavior of consumers in a certain market.

Marketing mix - Answer✔️✔️-the 4 strategies used to reach a target market:
product, place, price and promotion.

Marketing Plan - Answer✔️✔️-A researched plan used by a business to
shape its product, place, price and promotion to reach it's target market.



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