Niche market Study guides, Class notes & Summaries

ADMN 400 Final UNH Latest 2024 Graded A+ Marketing Matrix product, placing, pricing, and promotion Value Benefit/Cost Utility ability of a product to meet someones wants or needs Types of Utility form, place, time, possession Consumer Goods tangible products purchased by customers for personal use industrial goods Products used in the production of other products. Sometimes called business goods or B2B goods. Services intangible products Political-Legal Environment in...

Answers Rated A+ what is a business? an organization that provides goods or services to earn a profit not-for-profit business exist for a social purpose (i.e. environmental preservation, mental health, decreasing homelessness) what are the roles/impacts of business on society 1. Employment 2. Production of the goods and services that we want and need 3. Innovation of new goods/services that we don't know we want/need 4. OVERALL (profit and non-profit): influence an economy's...

Goal of Customer- Driven marketing strategy - to create VALUE for targeted customers Market Segmentation - Dividing a market into smaller groups with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. (taking heterogeneous customers and dividing them into more homogeneous groups) selecting customers to serve - - "Who is our customer?" -Selecting customers to serve using segmentation and targeting -We cannot make any other decisions as...

The expenses associated with adjusting claims are referred to as Select one: A. Prospective loss costs. B. Loss adjustment expenses. C. Claims costs. D. Operating expenses. - B. Loss adjustment expenses. Insurer Y is small but has a specialty insurance market for high-value vehicles. In competing with a larger insurer with a broader market, Insurer Y is likely to have which one of the following advantages? Select one: A. Insurer Y would have more capital surplus available than a larger...

What Factor(s) effects the U.S. meat market the most? : supply & demand what are some examples of niche markets : all of the above (grass fed beef, pigs heads, natural beef) what is the highest possible U.S. Quality grade for beef? : USDA Prime what is the biggest problem with U.S. meat consumers? : they are uneducated what can affect the supply in the meat market? : drought and disease what can affect the demand of the meat market? : media, public perception, regulations 2 | P a g e...

Mass marketa market that targets a large segment - products are standardised Niche marketa market that targets a small segment - customers have specific needs that aren't catered by the mass market Brand namea name, sign, symbol or other feature that allows consumers to identify the goods of a business and differentiate it from rivals E-commerceconducting business transactions online Online retailing/ e-tailingbuying goods online Marketa arrangement where the buyer and seller can trade...

Proprietary file formats can enhance the look and feel of your Website. Which of the following is a drawback to using proprietary formats? A. Some proprietary formats will not render in Web portals. B. Some proprietary formats require easy to access plug-ins. C. Some proprietary formats have specific MIME types. D. Some proprietary formats limit a disabled person's ability to obtain information. Correct Answer: D. Some proprietary formats limit a disabled person's ability to obtain in...

WGU C236 Compensation and Benefits Test (2024 Update) || All Questions & Answers (Rated A+) WGU C236 Compensation and Benefits Test (2024 Update) || All Questions & Answers (Rated A+) Total Rewards - ANSWER - Refers to all forms of pay and compensation. Three forms of rewards - ANSWER - - Cash - Benefits - Intangibles Strategy - ANSWER - Process by which an organization decided which products and services to sell Cash Compensation - ANSWER - Monetary pay that employees receive in ...

BA 303 exam 2 psu Questions and Answers three steps in developing successful marketing plan - Correct Answer ️️ -1) develop clear understanding of customers 2) develop a product and marketing mix that is sensitive to the desire and needs of customers 3) develop positioning strategy that differentiates product from competitive alternatives target marketing - Correct Answer ️️ -process of choosing a market segment in order to concentrate marketing effort (selecting of the segment an...

*Certified Distinction Grade Work* Contains and covers all aspect of Unit 1 Exploring Business Learning Aim A,B, and C with the highest quality: Contains every pass merit and distinction tasks: p1,p2,p3,p4,p5,p6,p7,m1,m2,m3,m4,m5,d1,d2,d3,d4 I will provide a detailed analysis of the steps involved in selling coursework, including the necessary preparations, marketing strategies, and legal considerations. By going in-depth, I aim to provide a comprehensive understanding of the selling process ...