To create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
<h3>Why is the
first step of the marketing process important ?</h3>
The first step of the marketing process important because it help to identify the potential; buyers as well as to know the kind of the market that is needed to be focus on so as to be able to ,maker sales.
In this case, it should be noted that create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
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Answer:
Option "D" is the correct answer to the following statement.
Explanation:
In the process of EMI based purchase or loan, higher you pay the higher times you paid.
In the EMI process, if we make more payment or installment we have to pay more interest, it is a huge disadvantage of EMI based Loan.
Similarly, if we regularly pay a low payment every time this payment method will harm our credit-ability score.
So, Option "D" is the correct answer.
Answer:
Behan will recover his amount.
Explanation:
The contract has not been formed as the contract is only enforceable if the contract is legally allowed which means that the selling of fireworks in this case scenario is not allowed and hence Behan and Fourth of July Company are both equally responsible for not committing to such type of agreements. So the company must payback the money as the contract is not enforceable in the jurisdiction.
Answer:
These are the four Ps: the product (the good or service); the price (what the consumer pays); the place (the location where a product is marketed); and promotion (the advertising).
Explanation:
Answer:
The correct answer is letter "C": The demand for bourbon whiskey is more elastic than the demand for alcoholic beverages in general.
Explanation:
Elasticity is a measure of the response of variables to a shift in a certain variable. It can explain to what degree the supply or demand for a product or service shifts with the price of the goods or the income of customers. <em>Basic staples such as milk or gasoline tend to be low in elasticity</em>. This is because to change the quantity demanded involves a meaningful change in price or customer income. <em>It's said that luxury goods like high-end vehicles and electronics have high elasticity</em>.
Thus, <em>bourbon whiskey is considered as a luxury beverage compared to other alcoholic drinks. Thus bourbon whiskey is more elastic</em>.