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BUS2 130, Exam 1, SJSU Questions and Correct Verified Answers Latest Version $12.49   Add to cart

Exam (elaborations)

BUS2 130, Exam 1, SJSU Questions and Correct Verified Answers Latest Version

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  • Course
  • BUS2 130
  • Institution
  • BUS2 130

Marketing's role within a firm Marketing should be a profitable investment that forces business to confront uncertainty in the environment, like changes in consumer tastes or changes in regulations. What is the overall plan for marketing strategy? segmentations, targeting, positioning M...

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  • October 14, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUS2 130
  • BUS2 130
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




BUS2 130, Exam 1, SJSU Questions
and Correct Verified Answers Latest
Version
Marketing's role within a firm


✓ Marketing should be a profitable investment that forces business to

confront uncertainty in the environment, like

✓ changes in consumer tastes or

✓ changes in regulations.




What is the overall plan for marketing strategy?


✓ segmentations, targeting, positioning




Marketing Mix (4 P's)


✓ product, pricing,

✓ place (distribution),

✓ promotion (communication).




Needs


✓ states of felt deprivations.




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

Biogenic Needs


✓ needs present at birth.




Psychogenic Needs


✓ needs learned in the process of enculturation (belonging, self

expression, knowledge acquisition, etc)




Wants


✓ options used to fill needs




Demands


✓ wants backed by consumer buying power.




Customer Equity


✓ The sum of the lifetime values of all a company's current and potential

customers. companies must manage it carefully, and view customers

as assets that need to be maximized.

✓ It is dependent upon customer loyalty from a firm's profitable

customers.

✓ It is a reflection of a company's future.




Master01 | September, 2024/2025 | Latest update

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