Answer: Option A
Explanation: In simple words, relationship marketing refers to the strategy under which an organisation tries several practices to foster positive relationship with the customers. These activities are designed to keep hearty relationships which will ultimately lead to strong and stable customer base.
In the given case, Marriott is rewarding their regular customers by providing them with special services and attention. Thus, we can conclude that the given case depicts relationship marketing.
The term BUSINESS CYCLE is a popular way to describe the rescission-expansion pattern followed by the economy.
Answer:
Realistic
Explanation:
The acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that goal setting should adhere to, to ensure that the goal is achieved.
The criteria Realistic in "SMART" emphasizes that a goal that is been set should be realistic and achievable given the available resources and time.
The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.
Answer:
D.
Explanation:
Conspicuous consumption is when a person pays an extremely high price for a product for its prestige value leading to a much higher demand than a simple price/demand relationship would justify.
Characteristics:
-Buying expensive items to display wealth and income rather than to cover the real needs of the consumer.
-Gain higher social status.
-Behavior not only limited to the rich/upper class but among the poorer social classes and emerging economies.
-Clear positioning.
-Time relation is the present.
-Able to take risks.
-Try new products.
-Love symbols of status.
-Wants status appreciation.
Answer:
C) 515 hours
Explanation:
The mean is the central value of set of numbers.
It is calculate by adding all the values together and then, divide by the quantity of items
∑ x
--------
n
∑ =525 + 515 + 505 + 515 = 2,060
now we divide this value by the total number of items. Notice we take four headlamps so we divide by tis amount:
Mean = 2,060 / 4 = 515
