Mkt - Study guides, Class notes & Summaries

MKTG 376 Quiz 1 Olson Exam with complete answers(verified for accuracy)

(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A 2024(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A 2024(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A 2024

Promotional Mix 1) advertising 2) public relations 3) sales promotions 4) personal selling 5) social media promotion Communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response promotional strategy a plan for the optimal use of the elements of promotion to elicit a particular response; main goal is to convince buyers that the products offer competitive advantage advertising mass c...

MKT 461 Exam 2 Why is location important? - ANS: •One of the most influential considerations by consumer. •Can be used to develop sustainable competitive advantage. •Location decisions are risky: buy or lease? Unplanned locations - ANS: •do not have centralized management that determines what stores will be in a development. Planned locations - ANS: the shopping center and/or manager makes and enforces policies that govern store operations. Retailer considerations for locatio...

What are the elements of marketing? - ANSWER -satisfy want & needs -based on exchange -goods & services are produced have value to customers As discussed in class, what is customer value? - ANSWER whatever the customer says it is What are the conditions of an exchange? - ANSWER -at least 2 parties -each has something of value -each party communicates and delivers

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...

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. ...

MKT 300 - Exam 1 - UKY Hapke Complete Questions And Answers

Role of Marketing correct answer: Generate profitable revenue When a marketer can describe something it is called a correct answer: product concept After buying an item we experience what? correct answer: cognitive dissonance Ways to engage consumers, directly or indirectly correct answer: -Directly: physically, email newsletters, one to one basis, calling, sending direct ads/texting, create relationship, personalizing advertising toward you -Indirectly: social media, PR, content m...

what is the goal of all businesses correct answers survival *we ensure this by being profitable *we make a profit by generating more revenue than costs incurred what is the goal of marketing correct answers to raise revenues, or at an even more basic level, market share market share correct answers is always expressed as a percentage and is used to monitor growth market share = (our sales in x product category) / (total industry sales in product category x) how do we raise market sh...