In your local area, identify a group of people with unsatisfied product needs who represent a market. Could this market be reached by a business organization? Why or why not?
Q: Explain the difference between 4Ps vs 4Cs and show how it is applied in IMC (Integrated Marketing…
A: The product, price, place, and promotion appear to be the four PS of marketing. they're also the…
Q: Why is marketing important in our society? Why should you study marketing?
A: In this developing world, marketing plays a vital role among organizations. It is also positively…
Q: What is research, why is it important to undertake research briefly discuss 5 areas in which…
A: Market research is a systematic attempt to obtain data about targeted customer base: learn…
Q: نقطة واحدة Find the right customers for ..your product related with Selling Concept O Marketing…
A: Customers are individuals and businesses who purchase goods and services from another business. To…
Q: Identify the steps a business must take to implement a program of social responsibility.
A: Corporate Social Responsibility (CSR) is referred to when companies ethically conduct their…
Q: What are the advantages of employing a feature?
A: Nowadays' business climate is tremendously competitive. More crucially, because no two customers are…
Q: Explain why marketing is important to our global economy.
A: Global Economy- Global economy is also called the world economy. It is the economy of all humans of…
Q: . What are the forces in the marketing environment? How much control does a marketing manager have…
A: Several internal and external factors influence a company's marketing efforts. While some of the…
Q: What factors influence a buyer’s willingness to spend?
A: Consumer Behavior states about various behavioral attitude and personality of customers which is…
Q: Considering their relative importance on the marketing bill, which of these would have the greatest…
A: The given multiple choice question emphasizes the marketing bill and the marketing margin; hence, we…
Q: What are four dimensions of social responsibility? What impact do they have on marketing decisions?
A: Marketing is the work for promoting goods and services so that large number of customers get to be…
Q: Explain how an organization can create a competitive advantage at the corporate strategy level and…
A: Strategies of marketing is related to marketing mix that is product, price, place and promotion…
Q: Explain the six basic rights of consumers.
A: There are different rights of a consumer, a consumer has these rights so that they can be safe in…
Q: What evidence exists that being socially responsible and ethical is worthwhile?
A: A person who displays ethical conduct indicates a strong moral code and consistent values. Those who…
Q: What is the picnic in the graveyard experiment? At what stage of the startup would you use this…
A: Market research is one of the important step conducted by marketers and entrepreneurs before…
Q: Describe how Dollar General monitors and responds to its competition.
A: Every company will have various competitors who will all fight for limited market share. They will…
Q: Describe the psychological pricing techniques and give examples
A: Psychological pricing is a technique which is used by the companies to hit the subconscious mind of…
Q: What is strategic philanthropy? How does it differ from more traditional philanthropic efforts?
A: Marketing Strategy- A company's overall game plan for reaching prospective customers and also…
Q: Find the right customers for ..your product related with Selling Concept Marketing Concept Product…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Briefly describe how Nike failed to promote a healthy intercultural and diverse communication…
A: Nike's human resources director confessed that the corporation "failed" to promote and hire women…
Q: Identify the factors that influence the selection of specific market segments for use as target…
A: Market segmentation groups a market into subcategories with similar characteristics who are likely…
Q: Question: Choose an Organic Food Retails (Real Company) 1. Introduction of the Organic Food…
A: Since you have posted a question with multiple sub - parts we will solve the first three sub parts…
Q: Mills makes yeast they a e B2C market. They have da compelling social mec 2C market. What "P" of m…
A: Marketing is the fulfillment of the needs of consumers through the right product and right price,…
Q: Classify the types of consumer decision making and the level of involvement.
A: The consumer behavior theory benefits marketers in understanding the expectations of the consumers…
Q: Is the following statement true? "A firm that operates in a perfectly competitive market will earn…
A: Normally, firms in a perfectly competitive market do not earn economic profits because all firms…
Q: Which of these best explains how farmers might benefit from increased food marketing costs: 1. Food…
A: Marketing is the fulfillment of the needs of consumers through the right product and right price,…
Q: Discuss the innovation process
A: Innovation is very important in business. Without innovation, business cannot progress. Firms all…
Q: Define the bill of lading.
A: Product shipment is important in marketing. It is the process in which, the number of particular…
Q: When was the Export-Import bank of the united states formed and what was its role?
A: The Export-Import Bank of the United States (EXIM) is the country's export credit agency, tasked…
Q: Listen to Michael Jackson's song entitled "Man in the Mirror." Based on the song, when does our own…
A: Evaluation of the song is explained in the next step.
Q: State the common Measures Used to Evaluate a Nation’s Economic Health.
A: We are inundated with economic news every day. We've been told that the economy is in trouble, that…
Q: In what type of competitive environment do you think Apple and Samsung operate?
A: Every market have sellers and buyers. There will be multiple seller or only one seller. Depending up…
Q: hat is Internationalization importance and pros and cons and example
A: internationalization outlines the strategy of making solutions to satisfy the requirements of a…
Q: gic business an
A: Types of strategic analysis: 1.Internal strategic analysis: As the name implies, this analysis looks…
Q: There are four ways to protect Intellectual Property Rights namely: Copyright, Patents, Trademarks…
A: Trademarks play an important role in distinguishing your business from other similar products in a…
Q: Consumer behavior question Combine at least two segmentation bases for targeting each of the…
A: Marketing activities starts from targeting and segmentation. In segmentation a huge population is…
Q: Identify a product offered by a manufacturer using a dual-distribution approach (ex: brick and…
A: Introduction: The product we will be discussing here is iPhone. iPhone is a mobile phone…
Q: What is meant by caveat emptor?
A: Marketing- It refers to any actions a business takes to attract customers to the business's product…
Q: Choose the correct answer. How to build customer loyalty? Select one: a. Give at least 30% discount…
A: Through customer loyalty programs, the sellers are able to collect customer information as customers…
Q: As a consumer of goods and services, provide an example/story of when a product or service did not…
A: The success of a business is defined by the way they fulfil the needs and solve the problems of…
Q: In what ways can each of the business cycle stages affect consumers’ reactions to marketing…
A: Every business goes through life cycle and it has four stages such as introduction, growth, maturity…
Q: hat options do you have for keeping your social media accounts private?
A: What is the social media platform? Social media is a computer-based technology. In this technology,…
Q: What are the possible causes for low CTR for a PPC ad? Select all that applies (selecting wrong…
A: Digital space is cluttered with numerous brands and products creating noise for their spot in the…
Q: Describe the current competitive market for your product. Can you identify the number of brands or…
A: Every market will have different competitive structure and number of competitors. Depending up on…
Q: Define and give example of Local Advertising
A: Advertising is the form of communication which make use of media such as television, radio and print…
Q: Generally speaking, Democrats live in. areas, and Republicans live in areas. Select one: O a urban,…
A: Urban and suburban areas are won by Democratic candidates. Since the 1990s, researchers have studied…
Q: What are the programs made to Reduce Sexual Harassment?
A: Sexual harassment in an office can lessen the productivity of the particular organization and it…
Q: You have been hired by a resort/hotel and they want to create some targeted advertisements to a…
A: Market segmentation refers to the process of dividing the entire market into small segments of…
Q: Each product has a life cycle marked by different characteristics. The different stages of the…
A: A product life cycle of a car industry consists of introduction, growth, maturity and decline.…
Q: Select any one popular TV advertisement for any product/service that you find ethically…
A: Advertisements have a huge impact and reach in the audience. It influences an entire culture and…
In your local area, identify a group of people
with unsatisfied product needs who represent a
market. Could this market be reached by a business
organization? Why or why not?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Why is it essential for organizations to segment markets and target particular groups of consumers?In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?What methods can a firm use to identify untapped market segments and assess their potential value?
- How does a consumer market differ from a business-to-business market?Describe the current competitive market for your product. Can you identify the number of brands or the market share that they hold? Expand your analysis to include other products that are similar or could be substituted for yours.What should the firm do if customers want to purchase a product that is not only bad for them but is also bad for the society? How does this impact stakeholders?
- How might you apply consumer market to business-to-business settings?in australia context: Which of the following is NOT one of the indicators of conducting a business? Select one: The fact that the enterprise is involved in illegal activities The size or scale of activities carried out by the enterprise The fact that the enterprise is profit driven Whether owners underwent training/ hold qualifications to operate the enterprise All of the statements are indicators of conducting a businessBeing locked into a product or technology is a problem only if such a product can be clearly shown to be inferior to an alternative. Using your understanding of market structure, briefly explain what difficulties there might be in establishing such a case?
- Think of a new or revised product or service that you would like to see on the market. Discuss the implications of producing that product or service relative to legal, ethical, environmental, profitability, competitive, design, and production issuesHow can companies learn more about their customers with different cultural backgrounds?When implementing customer relationship management, why might a business desire fewer customers over more customers? Shouldn’t the focus of marketing be to acquire as many customers as possible