University Of South Carolina - All Campuses
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MKTG455/ MKTG 455 Exam 1 With Verified Answers Marketing Communications and Strategy 
What are Marketing Communications? - ANS: The collection of all elements in an organization's marketing mix that facilitates exchange by establishing shared meaning with its customers. 
 
How to create loyalty purchasing? - ANS: Through unique approach to customer experience utilizing all components of 4 P's of marketing 
 
How many aspects of 4 P's can we control as marketers? - ANS: All 4 
 
4 P's...
MKT Exam 3 
Price elasticity - ANS: a measure of the effect a price change has on consumer demand; percentage change in demand divided by percentage change in price. 
 
Elastic vs. Inelastic - ANS: Elastic: describes demand that is very sensitive to a change in price 
 
Inelastic: Describes demand that is not very sensitive to a change in price 
 
MSRP - ANS: manufacturer's suggested retail price 
 
Price discrimination - ANS: the business practice of selling the same good at different prices...
MKT 461/ MKT461 Exam 1 Updated With Correct Answers [Already Graded] 
Retailing - ANS: Adds value to products and services sold to consumers. 
•Stores, apps, and online. 
•May include lodging in a motel, home-delivered pizza. 
- At the end of the supply chain 
 
Evolution of retailing - ANS: •More than 80% of retail sales still made in stores. 
•The COVID-19 pandemic drove more people to online purchases. 
•250 of the top-earning retailers take in revenues in excess of $4.5 trillion. 
...
MAT 141-B01 Sections 6.1 and 6.2 notes
MAT 141-B01 Sections 6.3 and 6.5 class notes
MAT 141-B01 Sections 6.6 and 7.1 notes
MAT 141-B01 Sections 7.2 and 7.3
MAT 141-B01 Section 7.4 notes
MAT 141-B01 Sections 7.5 and 7.6 notes
MAT 141-B01 Section 7.7