Identify the eight functions of marketing physical goods.

Q: the goods and services people purchase represent an extension of their personalities. discuss.

A: From a generalized context, personality refers to a different set of attributes of an individual…

Q: Identify the reasons firmscreate new products

A: The reasons firm create the new product are: Changes in the market Changes in technology Increasing…

Q: Differentiate consumer and industrial product and provide sample companies that produces that…

A: The main goal or aim of any business is to develop a product or service and launch it in the market.…

Q: Explore how businesses develop a product idea intoa commercial product

A: The promotional activities of an organization, that enhances buying or selling of their products and…

Q: the importance of purchasing and supply in a footwear company

A: Supply is very important part of the process. Purchasing is the process of making purchase as per…

Q: What builds the image of the products in the minds of consumers? A. Product its self B. Price C.…

A: Ans. The image of the products in the minds of consumers is called brand image. Brand image can be…

Q: Explain the goals of Customer Relationship Management

A: Customer relationship management: Customer relationship management refers to the process in which…

Q: Explain the four stages of theproduct lifecycle.

A: Product- An item provided for sale is known as a product. A product might be an item or a service.…

Q: How does content marketing differ from marketing of physical products.

A: Content marketing is different from product marketing as it involves the creation and sharing of…

Q: What is the goal of materials handling?

A: Material handling system refers to an integrated method which includes activities like storing,…

Q: define the terms consumer goods, services, and industrial goods

A: Product - Its an object or material available for consumers to use in the market place. It can be…

Q: How is Graphic Design used in Marketing?

A: Graphic design in marketing:Graphic design plays a crucial role in marketing, as it helps to make…

Q: Evaluate the economic impact of a new product on a company.

A: The economic impact can be referred to as the effects on economic activities in a given area. There…

Q: Discuss several total products that are more than their direct features?

A: Total products are a term that refers to a product's or service's package of services; customers use…

Q: Distinguish between a consumer productand a business product.

A: Products are the centralized iem depending upon which other marketing activities are developed. It…

Q: define customer satisfaction, customer loyalty and customer delight

A: A customer is a person or business who buys products or services from another company. Customers are…

Q: What is Processed Materials?

A: Processed materials are the materials where the raw materials are built or refined by machines or…

Q: Explain the role of packaging in terms of perception.

A: The packaging is the covering or wrapping of a product to protect it from damages and to help in the…

Q: Identify FIVE (5) benefits of customer relationship management systems.

A: The Customer Relationship Management can be defined as a strategic process in which a company…

Q: Identify the tool and techniques involve in marketing control.

A: Marketing control is defined as an evaluative process, where the marketing department of the company…

Q: Identify the six types of business goods andservices.

A: Business products are goods and services that businesses buy to manufacture their goods or run their…

Q: dentify three objectives ofadvertising.

A: Advertising - Advertisements are produced for commercial products or services and the activity of…

Q: ________ It represents the value of an organization’s brand.

A: Marketing strategy explains the action plan which business would take for the purpose of product…

Q: Integrate the four phases of theaudit process

A: An organization's audit is a system of monitoring and accountability. The most important items…

Q: Describe the characteristics of each type of consumer product and give examples of each.

A: Definition of Consumer Products: Consumer products, also known as final goods, are objects purchased…

Q: Briefly discuss why companies undertake new food product development

A: Product development is the next step in product planning. It help to identify the possibility of…

Q: Describe the various objectives of promotion.

A: Promotion is a term utilized regularly in showcasing and is one of the components of advertising…

Q: Describe any 4 attributes of services products and discuss the implications to marketers.

A: A service is any benefit provided by one party to another that is essentially tangible and does not…

Q: What are the four marketing elements that distinguishservices from products?

A: A product is a tangible item that is put on the available for obtaining, attention, or utilization,…

Q: Define acceptance and explain all of its essentials.

A: Definition: - In contracts when a person proposes a deal to the other person and the other person…

Q: .The product, price, promotion, and place represent. ************ about marketing

A: Marketing is a vast topic including various areas like marketing research, Guerilla marketing,…

Q: Define and explain customer value.

A: Marketing strategy is all about identifying the needs and requirements of the customers and…

Q: Describe the three classifications of consumergoods and services

A: A product is anything that is capable of satisfying consumer needs. Solutions to customer problems…

Q: Creative and innovative ways of enhancing a product

A: A good product must have a solid value proposition and solve a real problem, perform tasks easily…

Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.