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3 years ago

You heard somebody say, Marketing is just sales and advertising" Discuss the accuracy of this statement

Business

1 answer:

Serga [27]3 years ago

3 0

Answer:

Marketing is much more than just sales and advertising.

Explanation:

Marketing is when an individual or a firm develop the interest of a client or an intending customer to the product one sells or services one render. It makes use of research, distribution, sales promotion etc .

Before an individual or a business venture goes into marketing, it must make thorough research on who his potential buyers are, how can he convince them to buy the products.

The distribution channel must also be considered, like getting the goods

directly to the buyers or involving middle men. There is also sales promotion when considering marketing. Sales promotion includes all activities aimed at promoting immediate sales like raffle draws, offering gifs after purchase etc.

The basic aim of marketing is to sell, acquire customers and retain them while employing marketing concepts and mix(using place, price, promotion and product).

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What is one specific requirement of a negotiable instrument?

Advocard [28]

Answer:

Explanation:

4 0

2 years ago

]To estimate the percentage of defects in a recent manufacturing batch, a quality control manager at Daimler minus Chrysler sel

krek1111 [17]

Answer:

Answer is option A, i.e. systematic sampling.

Explanation:

Systematic sampling is the type of probability sampling method of selection of samples out of the given group of homogenous nature. In this method, every Kth sample is selected until the required amount is obtained. Here, Chrysler selects every 16th van until he is successful in obtaining the 80 vans. Thus, Chrysler is using a systematic sampling method here.

3 0

3 years ago

What is a subsidy wedge? the combined reduction in consumer surplus and producer surplus that results from a subsidy the amount

solmaris [256]

Answer:

the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

Explanation:

In Economics, subsidy can be defined as the amount of money or benefits such as tax reduction given by the government to sellers in order to sustain production and enable the buy to continuously purchase the product.

A subsidy wedge can be defined as the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

8 0

3 years ago

The town of Draper, with a population of 20,000, sits adjacent to State University, which has an enrollment of 27,000 students.

madam [21]

Answer: See explanation

Explanation:

a. Let the break even sales be represented by x.

Firstly, we will calculate the total fixed cost which will be:

Investment = $4.5million/30 = $150,000

Add: Annual labor cost = $140,000

Add: Interest = 8% × $4.5million = $360,000

Total Fixed cost = $650000

The total variable cost will be: = 0.60 × x = 0.60x

Therefore, total cost:

= fixed cost + variable cost

= 650000 + 0.60x

Total revenue = Selling price × sales

= 3.20 × x = 3.20x

Break even point will now be:

Total revenue = Total cost

3.20x = 650000 + 0.60x

3.20x - 0.60x = 650000

2.60x = 650000

x = 650000/2.60

x = 250000

Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.

b. The approximate number of cars that would have to park in the lot on a daily basis will be:

= 250000/365 days

= 684.91

=685 cars

6 0

3 years ago

In the individual level adoption process for a low involvement good, such as a new pack of gum or candy bar, what two steps in t

likoan [24]

Answer:

evaluation and trial

Explanation:

In low involvement goods such as a new pack of gum or candy bar the evaluation and trial stages are often reversed. This is mainly due to there being very low risk for trying out a new unrecognized brand of such a product, this combined with the amount of time needed in order to evaluate other options greatly outweighs the benefit. Therefore most individuals try the product out instead of evaluating all options which isn't done for higher risk purchases.

8 0

3 years ago