Explanation:
Marketing is profitably using the results of studying short term and long term needs of those who can pay for a one-time, or in most cases, a steady flow of service or product placement. In 2017 The New York Times described it as "the art of telling stories so enthralling that people lose track of their wallets.[1]
It is one of the primary components of business management and commerce.[2] Marketers can direct their product to other businesses (B2B marketing) or directly to consumers (B2C marketing).[3] Regardless of who is being marketed to, several factors apply, including the perspective the marketers will use. Known as market orientations, they determine how marketers will approach the planning stage of marketing.[4]
The marketing mix, which outlines the specifics of the product and how it will be sold,[5][6] is affected by the environment surrounding the product,[7] the results of marketing research and market research,[8][9] and the characteristics of the product's target market.[10] Once these factors are determined, marketers must then decide what methods will be used to promote the product,[3] including use of coupons and other price inducements.[11]
The term marketing, what is commonly known as attracting customers, incorporates knowledge gained by studying the management of exchange relationships[12][13] and is the business process of identifying, anticipating and satisfying customers' needs and wants.
Answer: Higher price of bicycles
Explanation: Higher steel prices will lead to a rise in the input cost of the producers of bicycles. As a result of this, the supply for bicycles will decline shifting the supply curve upward to the left. With no information given about change in the demand for bicycles, the demand curve will not change.
The net effect will be an increase in the price of bicycles.
Answer:
The right answer is, 3. Situation analysis.
Explanation:
The situational analasis in a company, makes reference to all those methods that the manager uses to analyze the internal and external environment of the organization, with which the current situation of the company is defined and what are the opportunities it has to continue moving forward.
Student Loans is the correct answer
Answer:
Marketing Mix
Explanation:
Marketing mix is a combination of various components which are controlled by an organization or firm aimed at influencing a consumer's desire in purchasing their products. It is centered upon the historical 4Ps of marketing which are
1. Place
2. Promotion
3. Product, and
4. Price.
It is the method or technique used in taking or rather introducing or new product or service to the market. It is a group of tools used by businesses and marketers in selling their products and services to the buyers and final consumers.