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Marketing EOPA, MANAGEMENT FUNCTIONS NOCTI EOPA, FORMS OF BUSINESS OWNERSHIP Final Quiz, Branding, accounting EOPA with 100% Correct Answers$9.99
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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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Course
NOCTI EOPA
Institution
NOCTI EOPA
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...
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.
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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