The marketing mix - Study guides, Class notes & Summaries

marketing - Answer-a group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas exchange - Answer-the act of giving up one thing ($, credit, labor, goods) in return for something else (goods, services, or ideas) marketing activities - Answer-buying, selling, transporting, storing, grading, financing, marketing, research, risk-taking value - Answer-A customer's subjective assessment of benefits relative to costs in det...

Target customers - Customers based on a predefined geographic boundary Market segmentation - Dividing a market through variables such as age, gender, education level, family size, occupation, income, and more Psychographic - Focus on the intrinsic traits the target customer has, such as values, personalities, interests, attitudes, conscious and subconscious motivators, lifestyles, and opinions Behavioral - The way customers go through their decision making and buying processes, includin...

Which of the following retail businesses is most likely to focus its product mix on width? - Answer- Option (A), Department Store, is correct. Product mix width (or breadth) refers to the number of product lines an organization offers. Product line depth is the number of product items in a product line. An effective manager understands that, compared to primary data, secondary data is... - Answer- Option (D), Useful for forming a situation analysis, is correct. Secondary data has already been...

Test Bank for Marketing, 20th Edition, William M. Pride, O. C. Ferrell   True / False 1. Marketing consists primarily of selling and advertising. a. True b. False ANSWER: False 2. The broadest and simplest definition of marketing states that it is the development and efficient distribution of products for consumer segments. a. True b. False ANSWER: False 3. Customers are the focal point of all marketing activities. a. True b. False ANSWER: Tru...

GIA Diamonds and Diamond Grading Final Exam Questions and Correct Answers. Complete Verified Solution 2024. Substantial price discounts are available to retailers and jewelry manufacturers who can buy in large quantities. The diamond industry has changed dramatically in recent years because the world's supply of diamond rough has increased. A diamond grading system provides a consistent way to communicate diamond quality. Diamond's supreme hardness and durability are a result of the ...

price correct answers The amount of money charged for a product or service - The sum of all the values that consumers exchange for the benefits of having or using the product or service. considerations in setting price correct answers product costs (price floor: no profits below this price) competition and other external factors: (competitors strategies and prices, marketing strategy, objectives, and mix, nature of the market and demand) consumer perceptions of value (price ceiling: no dema...

This essay is a distinction-level work for Unit 17: Digital Marketing Assignment 2. You can efficiently work on your assignment by following my layout. in order to achieve the best grade (Distinction). All of the following criteria is met in this document D3 Produce creatively a digital marketing campaign, justifying the key decisions taken and potential improvements that could be used to create brand loyalty. M3 Produce a detailed digital marketing campaign and demonstrate how it integrates ...

AIPMM Tests Latest 2023 Graded A+ Go To Market is a major decision point in the phase/gate model True The PEST Analysis includes political, economic, social, and technological factors True A sign, symbol, design or combination of these is known as a ____. A. Company Identifier B. Brand C. Marquee D. Trademark Brand Product Management is the process of all of the following except: A. Conceiving B. Delivering C. Servicing D. Planning Servicing Which one of these is NOT a type of product...

Btec business level 3 national diploma - unit 2 - Marketing Mix ... this is from a distinction* distinction* student in 2023 This will meet all the necessary requirements. Saves time and increases efficiency. Note: Please see rest of uploads to get other tasks and all the units for your WHOLE course... including exams

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What elem...