Write one to two paragraphs explaining the importance of the seven marketing functions. Include examples to illustrate your points.

Answers

Answer 1

Answer: See explanation

Explanation:

The seven functions of marketing include:

1. Marketing Information Management: This helps an organization to understand what the customers need. Information can be gathered through the review of market research reports, social media, feedback from sales team.

2. Distribution: An organization's distribution strategy helps the customers to know where to get the product or the company. Marketing helps in the distribution of goods and services to ones customers.

3. Pricing: Pricing plays a role in the success of a particular product. Marketing helps one to be aware of the pricing strategy to use in order to have a competitive edge over ones rivals.

4. Product/Service Management: Marketing is vital for the development of a product as the information gotten from customers can be used to incorporate in new products.

5. Promotion: Through marketing, prospective customers can be made aware of a particular product through promotional activities.

6. Sale - Marketing aids sales as it brings about an increase in the volume of goods sold to the public and also on ways to improve the product through feedbacks.

7. Financing: Successful marketing gives revenue to a business and help in strengthening the loyalty of customers and help in gaining new customers.


Related Questions

evaluate South Africa's approach to redistribution of wealth and income ​

Answers

Answer:anser is

Explanation:

E

On the one hand, a gerund is a verb that acts as a noun, know for the -ing form. On the other hand, an infinitive is the basic form of a verb, that usually follows "to" or another verb form. The revised sentence, including both of these, is: "To give is one of the best things people can do. Volunteering their time shows what caring people they are."

Answers

Answer:

To give is one of the best thing which people do. Volunteering the time show that they are caring people.

Explanation:

The ing form is considered as forth form of verb which acts as noun. The first form of verb is used for present tense normally with to. The first form of verb is basic form of verb used for describing an action. It is infinitive form of verb used before the word to.

WePayU is led by CEO, Homiah Losyl. He believes that everyone from his senior leadership team down to the most entry-level employee is responsible for helping customers. He expects everyone to step in and help if it impacts WePayU customers. This best demonstrates the marketing concept of

Answers

Answer:

Customer satisfaction

Explanation:

Remember, we are told the CEO, Homiah Losyl wants "everyone...to step in and help" their customers. In other words, he puts his customer's satisfaction first above the roles of employees.

Hence, this type of marketing concept is channeled towards meeting the customer's expectations and feelings, by asking: what I can do to better satisfy my customers?

what things should be considered while running a business?​

Answers

Answer:

-::Bussiness ii Dea

-::CusTomers

-::Competition

-::LocaTiion

-::CompeTiTiion

-::STaff

-::sTarT up CosT

CapiiTaL and Fiinance

Explanation:

-::The firsT Thiing as First-Your CusTomer.Yes,they are mosT imporTanT parT of Your entrepreneurial Life,and TheY are The Person who WiLL TeLL You WhT You need To do FoR Them.That's The basic FormuLa To Succes.

-::SuppLiiers-iidenTify PotenTiaL SuppLiiers needed To Produce The Service or Goods You WanT To SeLL.

-::After considering all the capital and expense requirement, before you start operating, make sure you have the registrations needed to legalize your business.

Both mortgages and auto loans

A> are riskier for lenders.
B> are riskier for borrowers.
C>require a down payment in general.
D>require minimum payments.

Answers

Answer:

require a down payment in general.

Explanation:

A mortgage is mainly used to finance the purchase of homes and other high-value properties. Auto loans, as the name suggests, are for the purchase of motor vehicles. Both are credit facilities used in buying fixed assets.

In general, most asset financing options will require the borrower to put in a deposit. This is because the assets require a large amount of money, and lenders prefer to share that risk with the borrower. The deposit also indicates the borrower's commitment to the loan transactions.

Answer:

C

Explanation:

Which type of money does the diagram best describe?
? Money
Has value because of its materials
Has been common throughout history
Includes gold and silver coins
A. M1
B. Fiat
C. Representative
D. Commodity

Answers

The type of money described in the question is known as commodity money.

What is commodity money?

Money is anything that is generally accepted for the exchange of goods and services and for the repayment of debt. Commodity money is a type of money that has value in itself. Examples of commodity money is gold and silver.

To learn more about commodity money, please check: https://brainly.com/question/1023092

#SPJ1

Answer: commodity

just took the test

Marit Brunsell deposited $50,000 at Bank of America at 8% interest compound quarterly. What is the effective rate (APY) to the nearest hundredth percent?

Answers

Answer:

EAR = 8.24%

Explanation:

EAR = (1+APR/n)^n-1

Where  n is number of compounding per year = 4

EAR = (1+8%/4)^4 - 1

EAR = (1 + 0.02)^4

EAR = (1.02)^4

EAR = 1.08243216 - 1

EAR = 0.08243216

EAR = 8.24%

Third-grade teacher Ms. Lena has implemented a system of offering Reading Rug time to students who line up at the door properly and promptly when asked. To her dismay, she notes that those students who have in the past always lined up without incident now dawdle and chat until plied with Reading Rug points. Ms. Lena is witnessing: Self-efficacy Growth needs Overjustification effect Maslow's Hierarchy

Answers

Answer:

Overjustification effect

Explanation:

The overjustification effect happens when an external motivator, e.g. reading rug time, decreases someone's personal motivation to do something. I.e.  Students that used to line up properly will only do it if they are rewarded with reading rug time, even if they did it before just because they felt it was correct. The external motivator actually diminished some students' motivation to act correctly.

If you own 1,600 shares of Company stock that pays a dividend of \$0.20/share. Then what is the total dividend you will receive using the discount rate is 4.5% (EAR).

Answers

Answer:

The correct solution would be "320".

Explanation:

The given values are:

Number of shares

= 1,600

Dividend per share

= $0.20

Now,

The received dividend will be:

= [tex]Number \ of \ shares\times Dividend \ per \ share[/tex]

= [tex]1600\times 0.20[/tex]

= [tex]320[/tex]

France is a mixed economy. During recent years there have been a number of changes in its labour market. More workers are employed in the tertiary sector and fewer workers in the primary sector. Average working hours have increased and public sector workers have received wage rises . discuss the extent to which the increased employment and wage rises will affect the demand for apple phones in a country like france

Answers

Answer:

Apple phones are more high end than their counterparts due to various factors with the most important being the brand awareness that Apple possesses.

This means that people would have to spend more of their income of Apple phones than others and they can only do this if they have more disposable income accruing more a higher salary.

In a country like France therefore that has seen wages rise, more people will be able to afford the cost of Apple phones and so the demand will increase. With increased employment as well, people will be able to have access to a stable source of income. This is will also enable them to afford Apple phones thereby increasing the demand for Apple phones as well.

One helpful feature of most Web 2.0 organization software is that
a. It requires one particular Internet browser
b. It is usually downloaded to a computer hard drive
c. It has a complex user interface
d. It can usually be synced to a handheld device
Please select the best answer from the choices provided
Ο Α
B
С

Answers

Answer:

d. It can usually be synced to a handheld device

Explanation:

One helpful feature of most Web 2.0 organization software is that it can usually be synced to a handheld device.

Answer:

D or 4

Explanation:

d.It can usually be synced to a handheld devicethe rest are incorrect!

a.

It requires one particular Internet browser

b.

It is usually downloaded to a computer hard drive

c.

It has a complex user interface

sub to Pen Paper

1
12. The social audit is:
a. A company report that always include a net social contribution
b. A government mandated report required of all firms who have a business license
c. A company report that measures the firm's social contributions inside and outside
the firm
d. A recent development that creates a ratio to compare a firm's corporate
philanthropy to its profits

Answers

Answer: C. A company report that measures the firm's social contributions inside and outside the firm

Explanation:

Answer:

c.

Explanation:

Definition. Social auditing is a process for evaluating, reporting on, and improving an organization's performance and behavior, and for measuring its effects on society. ... The social audit may be performed routinely by internal or external consulting groups, as part of regular internal audits.

when is subsidy necessary in comodity supply​

Answers

Answer:

A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Explanation:

The measurement of how far the particles are pushed from their _______________is called amplification.
Question 2 options:

1.compression

2.limit

3.starting point

4.wavelength

Answers

Answer:

3. starting point

Explanation:

i'm doing a quiz and had this question, this is the answer

Tiffany's Dilemma ​ Tiffany graduated from college and needed to decide where she wanted to work. She had several options. Her aunt Martha owned and operated a small business that she started about twenty years ago. Martha, an individual owner of her business, informed Tiffany that she could work for her. On one hand, Tiffany thought it would be a great opportunity to be able to work for her aunt, learn the business, and then run the business when her aunt retires. On the other hand, she also felt that she wanted something a little more challenging; a job where she could really use her education. Her other option would be to work for a company that a friend and her husband had started and jointly owned. It was a rapidly growing company with plenty of opportunity for advancement. However, Tiffany had some reservations about this choice because she was not sure she wanted to work for friends. Her last option was to work for a large retail company, headquartered in Maryland, which had s

Answers

Answer: that's a hard one lol let me try

Explanation:

one sec

Something that is
is able to be touched.

prestigious

relatable

tangible

a goal

Answers

Answer:

Tangible

Explanation:

Something that is tangible is able to be touched.

A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a partnership, and the employee who handled the job is a partner. The entire wedding party gets food poisoning. If the partner who mishandled the food knew the bride and was jealous of her marriage so he used roach killer instead of lemon juice in the frosting, the other partner would still be liable.

True
False

Answers

Answer:

False

Explanation:

A sole proprietorship is owned and managed by a single person. The owner is responsible for all the decisions and actions of his or her business. The owner may hire workers to assist in running the business. The workers remain workers and not partners in the business.

The law does not distinguish between the business and the owner. Any liabilities arising from the business are considered to be the owner's liability. In this wedding situation, the sole proprietor is solely responsible for the mistakes of his assistant.

Describe how a high level of flexibility would affect your performance in softball. Consider the benefits in many aspects of softball.

Answers

Answer:

you would be able to jump higher

you would be able to run quicker

you would be able to catch the ball better

Hope this helps!

Answer:

With a high level of flexibility for a volleyball player physical performance and muscle coordination would improve, it can even enhance the enjoyment of playing. One would be able to jump higher, move quicker and maybe even hit the ball further and all of this put together hopefully win too.

Explanation:

write me a 8 sentence pitch or more for a donut shop

Answers

Answer:

come down to our donut shop. please come down and get some donuts. we sell the best donuts here. thank you for your consideration.

we hope you enjoy our donuts.

Explanation:

haha

DEFINE BUSINESS COLLABORATION?​

Answers

Collaboration in the context of business which allows people to work together is Khown as business collaboration

The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:

Answers

Answer:

The focus on traditional financial statements is ACCOUNTING data rather than cash flow.

Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital

Explanation:

Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.

Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.

E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.

1. Define Trade, Import and Export

2. List items the U.S. imports and exports.

Answers

Answer:

food and clothing

Explanation:

import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.

Un trabajador que gana $ 265 diarios, trabaja el domingo que no es su día de descanso, $ 21 de despensa, trasporte $ 25 pagado en efectivo, fondo de ahorro el 12 %, se le cobran $ 26 por dos alimento, tiene 3 años de servicio.

Answers

Responder:

Explicación:

Esta pregunta no solicitó qué responder, sin embargo, podemos conformarnos con la información que se nos proporcionó.

paso uno:

datos dados

Ganancias por día = $ 265

nos dicen que también trabaja los domingos

esto significa que trabaja los 7 días de la semana y los 365 días del año.

El 12% de las ganancias es para ahorros = 12/100 * 265

0,12 * 265 = $ 31,8

también se nos dice que lleva 3 años en servicio

por lo tanto, el número total de días es = 365 * 3 = 1095 días

La ganancia total por día durante tres años = 265 * 1095 = $ 290,175

Segundo paso:

Costo total de comestibles durante 3 años = 21 * 1095 = $ 22,995

Costo total de transporte durante 3 años = 25 * 1095 = $ 27,375

Ahorro total durante 3 años = 31,8 * 1095 = $ 34,821

Costo total de dos comidas durante 3 años = 26 * 1095 = $ 28,470

Paso tres:

Por lo tanto, la deducción total de sus ganancias durante 3 años es

= 22,995 + 27,375 + 34,821 + 28,470 = $ 113661

Y el saldo disponible será 290,175-113661 = $ 176514

Which are functions of money? Select the three correct answers.
A store of value
B. producer of resources
C. unit of account
D. medium of exchange
DE record of finances
F. unit of output

Answers

Answer:

A store of value

C. unit of account

D. medium of exchange

Explanation:

Money has four main functions. They are

The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and servicesUnit of account: Money provides a standard measure of the value of goods and services being exchanged. Store of value: Money is known to keep its value for some period.  this enables other commodities, both perishable and non-perishables, to be assigned monetary values Standard of future payments: This function allows for trade to be done on credit terms.

A Trustworthy Source is credible, reliable & relevant.

True
False

Answers

Answer: True

Explanation:

Do you believe the statements of politicians are more likely to be true than those of business entrepreneurs? Why or why not?

Answers

Answer:yes

Explanation: they have more explanation and experience

Martine developed a filing system to keep track of potential and current customers. Which qualification has she demonstrated?

critical thinking
problem solving
organization
computer skills

Answers

Organization

Explanation: she developed the filing system which is a way of organizing the costumers that come in.

I hope this helped! ^^

Answer:

C. Organization

Explanation:

:)

Total revenue (TR) is:

A) The value of the firm's investment for the business to function
B) the value of a firm's profit per time period
C) a firm's sales revenue as a percentage of the industry's total revenue
D) the value of a firm's annual sales turnover over a specific period of time

Answers

i think it’s d. but im so sorry if im wrong!

compute the selling price of a bag of chips that has a cost of $0.75 per item. the store needs to generate a profit of $0.50 per item.

Answers

Answer:

$1.25

Explanation:

A seller has to consider both the cost price and the desired profit before setting the selling price.  In practice, the selling price is the total of the cost price and the intended profits.

In this case

Selling price = $0.75 + $0.50

=$1.25

who is indirectly benefitted by the tax we have paid​

Answers

Answer:

Because no one lives in isolation, tax dollars from a variety of sources benefit you, your family and your neighbors, no matter the size of income. Every time you get into your car and travel on a public highway, you ride on roads built, maintained, and paid for by state and local road funds replenished by tax dollars.

Explanation:

Answer: the government

Explanation: because they ar collecting our taxes they can use it for building projects or something they wanna do

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