Organizational buyers - Study guides, Class notes & Summaries

Define and Understand Business correct answers An organization that provides goods, services, ideas and/or experiences in an effort to accomplish their organizational mission Strategic Business Planning Includes correct answers Operations, Finance, Marketing, And Human Resources Profits correct answers Difference between a business's revenue and expenses Profit = Income - Expenses For perfect or pure competition to exist, two conditions must prevail: correct answers 1. All firms in an ...

MIE 201 Exam 3 Question and answers correctly solved 2023/2024 Channel Marketing - correct answer an organized network of firms that work together to get goods and services from producer to consumer. Distribution strategy - correct answer overall plan for moving products to buyers Wholesalers - correct answer sell to organizational customers including other wholesalers, government agencies, and educational insitiuaions. These products are then resold or made into new products. reati...

market - Answer-people with both the desire and the ability to buy a specific offering target market - Answer-one or more specific groups of potential consumers towards toward which an organization marketing program marketing mix - Answer-the controllable factors-promotion, price, product, and place-that can be used by the marketing manager to solve a marketing problem customer value - Answer-the unique combination of benefits received by targeted convenience, on-time delivery, and both be...

Requirements for Marketing transactions 1. Two or more parties w/ unsatisfied needs 2. Ability and willingness to satisfy them 3. A way to communicate 4. Something to exchange market people with the ability and desire to buy a specific product product good, service or idea that satisfies the customer's need marketing creating, delivering, communicating and exchanging offerings that benefit organizations, stakeholders and society at large co-produced service Master01 | Nov...

The hierarchy of organizational goals is in this order (least specific to most specific): A) Mission statements, vision statements, strategic objectives B) Vision statements, strategic objectives C) Vision statements, mission statements, strategic objectives D) Mission statement, strategic objectives, vision statements correct answers A T or F: Some excellent examples of mission statements are: "To be the happiest place on Earth" (Disney), and "restoring patients to full life...

WGU C201 Business Acumen Chapters 3 & 7: Economics and Organizational StructureFactors Influencing Demand - correct answer Demand is driven by price, consumer preferences, the economy, the number of buyers in a market, customer incomes, price of substitutes and complimentary items. Factors of Production - correct answer Natural resources, capital, human resources and entrepreneurship. What is the key factor influencing demand? - correct answer Price Demand Curve - correct answer ...

MKTG 3104 EXAM #3 Qs&As 2024 Marketing Channel - ANS-Individuals and firms involved in the process of making a product or service available for use or consumption by consumers or industrial users Middleman - ANS-Any intermediary between the manufacturer and end-user markets Agent or Broker - ANS-Any intermediary with legal authority to act on behalf of the manufacturer Wholesaler - ANS-Any intermediary who sells to other intermediaries, usually to retailers; term usually applies to consu...

Narrowly, what is a price? - Answer-Narrowly, price is the amount of money charged for a product or service Broadly, what is a price? - Answer-Broadly, price is the sum of all values that consumers exchange for the benefits of having or using the product or service Price is not just money, think of price as - Answer-sacrifice Example of price - Answer-$88 boots from amazon versus exact same pair at Dillards for $88 as well. The price here is wait-time, trying them on, or convenience. The ...

MIE 201 Exam 3Channel Marketing - correct answer an organized network of firms that work together to get goods and services from producer to consumer. Distribution strategy - correct answer overall plan for moving products to buyers Wholesalers - correct answer sell to organizational customers including other wholesalers, government agencies, and educational insitiuaions. These products are then resold or made into new products. reatilers - correct answer primarily sell products to ...

WGU D077 Questions and Answers Latest Updated 2024/2025 | Already Passed | Graded A+. The role of marketing in a firm's business strategy. The role of the company's marketing department is to ensure that the company and its products provide value to the customers it wants to attract. Name the 6 steps in the sales process Prospecting and Qualifying Approaching customers Presenting and demonstrating the product Handling objections Closing Following up Product Life Cycle Introductory: Lo...