Definition and Comparison Questions: For each question, provide an explanation of the marketing terms, compare and contrast them  and provide examples of how they are used in marketing. Q 1.2: Primary data and Secondary Data:

Q: Describe the role of pricing during periods of inflation and recession?

A: The process of establishing how much money a manufacturer will get in exchange for services and…

Q: What are the benefits of functional discounts?

A: The discount and allowance facility is particularly important in the selling and distributing of…

Q: 8.__________As a process of self-examination during her senior year of college, Sara decides to…

A: Business environment refers to the various micro and macro environment which surround the business…

Q: What are freight forwarders?

A: Every  organisation  transports  it's  goods within  or  outside  the  country .  The  process  of…

Q: Explain off-price retailer.

A: Off-price stores are businesses that provide high-quality items at low costs. They mainly offer used…

Q: Identify the legal constraints on pricing decisions?

A: Legal changes include the introduction of new policies or making any law redundant for the…

Q: of the types of companies they create and manage, the industries in which they operate, the…

A: In the journey of entrepreneurship, there is nothing like men and women. Any human being who has the…

Q: Name the three types of full-service wholesaler.

A: Wholesaler: Wholesalers may own or control retail outlets, but they do not sell to end users. Many…

Q: State the important features of a product.

A: Any item or service that you give to meet a customer's need or desire is referred to as a product.…

Q: Define breakeven quantity.

A: Breakeven quantity is the units that a small business  needs to sell to cover the marketing program.

Q: Differentiate between independent retailers and chain retailers.

A: Retailers fundamentally work after wholesalers where they make purchases either from producers or…

Q: What is Price skimming?

A: Price strategy deals with all steps and course of action which is performed to allocate a desirable…

Q: What are the advantages of using automatic vending machines?

A: Automatic vending machines  are  the  machines that  operates  without  the  direct  involvement  of…

Q: Why a buyer’s purchasing decision is affected by sensory stimuli?

A: Consumer decision making: It illustrates a procedure that involves the customers recognizing or…

Q: How the brand extension is different from a line extension?

A: Branding is a marketing strategy where the company will create its unique Identity in the market…

Q: What are limited-line retailers?

A: Retail business is generally said to small business that provide customers with variety of products…

Q: 3/ Explain how companies identify attractive market segments and choose a market- targeting…

A: About Market Targeting - A particular form of a market is segmented using the factors which includes…

Q: What is the difference between community shopping centers and regional shopping centers?

A: The planned shopping centre concept was born. With the availability of large tracts of relatively…

Q: What is Price skimming?

A: Price is the amount of money charged by a company from the customer in exchange for selling the…

Q: 6. By what factors, are the population tastes/preferences affected?

A: Gives overview of the opportunities available for the company Marketers are interested in…

Q: State disadvantages of price skimming?

A: Pricing strategy is said to process and action is plan required to set effective price for the…

Q: State advantages of demand-based pricing?

A: Demand-based pricing takes many forms, all of which are united because they are based on consumer…

Q: 3. We typically focus on firm from well-developed economies entering markets of less developed…

A: Some countries have a natural advantage, while others have toiled hard to reach where they are…

Q: What are the advantages of everyday low prices (EDLPs)?

A: EDLPs(Everyday Low Prices): Retailers adopt a price approach known as "everyday low pricing." It…

Q: Company Name: Floward (flowers Market) Create a campaign for your company to launch, starting…

A: As an increasing number of businesses embrace the digital expansion of their brands and products,…

Q: How business can get the Demands of Large Customers?

A: Demand Marketing can be referred to as the kind of marketing in which the companies саn flexibly…

Q: What does symbolic associations of a brand means?

A: Brand: It demonstrates the company individual or product (service) recognized by those who escapade…

Q: Does Livestock Wealth use "inside-out" or "outside-in"?

A: Several things need to be kept in mind to make a business successful. For a business owner, it is…

Q: What is promotional allowance?

A: In the selling and distribution of items, the discount and allowance facility is especially…

Q: What is Price bundling?

A: Price is important because it can influence whether or not a customer buys a product. After all,…

Q: future technology related to distribution business

A: Every year, the future of distribution evolves at a faster pace. With unexpected outcomes,…

Q: Define differential pricing.

A: There are various pricing methods used by firms. For example, there is price skimming method, in…

Q: What activities does order processing consist of?

A: Order processing refers to various activities or tasks to be implemented, after product order has…

Q: What is Two-part pricing?

A: A pricing decision is a plan of action in which a price is determined for the product depending on…

Q: What is Zone pricing?

A: Pricing methods are the techniques used to determine the final price of goods and services by…

Q: Environmental Factors Description and Explanation How would these factors impact Fyna Food…

A: Business activities are based on numerous factors. An organization has some micro-environmental…

Q: Differentiate between holding costs and stockout costs with example.

A: Inventory costs include the costs of ordering and storing inventory, as well as the costs of…

Q: Example of assessment report and receiving report of equipment.

A: Assessment is something which happens everywhere whether in schools,colleges,or in industry.…

Q: What are convenience stores?

A: Retailing is the process of involving into different activities which makes the seller a retail…

Q: Why do products have to be deleted from a product mix?

A: No manager wants to be associated with a product failure, so he or she may either abandon the…

Q: Transit time is critical in supply chain management because its impact on the inventory…

A: When the distribution of products is done, the major responsibility is to keep the products…

Q: Definition and Comparison Questions: For each question, provide an explanation of the marketing…

A: Both transaction and Exchange are the concepts in marketing that deal with tbe trade of goods or…

Q: Which of the below is not an approach that companies could take towards global marketing? Oa.…

A: Global marketing refers to selling of same product or service to consumers all over the world.…

Q: Explain Average variable cost (AVC)?

A: As a general rule, when the firm's output is relatively small, the average cost decreases; when…

Q: What is Geographic Pricing?

A: Pricing methods are the techniques used to determine the final price of goods and services by…

Q: What are the ways that wholesalers help manufacturers?

A: Wholesalers assume a significant part in the advertising channel structure. On the other hand,…

Q: Define Renegotiating contracts?

A: It is difficult to avoid renegotiating business agreements in today's volatile global market.…

Q: prepare a case study on future technology (support systems for running the business and management;…

A: New technologies imply fundamental changes in the way distribution operates, so the eCommerce…

Q: orms are waging war against misinforation or "fake news" within the last few years. Considering the…

A: Virtual entertainment emphatically affects the manners in which we associate with each other. Online…

Q: Explain Value Is Based upon Perceived Satisfaction?

A: Customer perceived value is an important marketing term that influences how marketers advertise and…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.