Question

1. How does money make the exchange process easier? What would shopping be like if money didn't exist?

Answer 1

1.)  Money makes the process easier because you can just go somewhere, such as a store, to buy a product instead of having to trade for the item. Shopping would be difficult because you would have to barter with someone just to receive an item you want.

2.) I think the perceived value of my new phone is priceless. If I didn’t have my phone I couldn’t make the important calls, I need to make. The real value of the phone in $600.

3.)The internet makes it a lot easier for businesses to advertise and put their companies out there. The internet also gives their customers the ability to buy products online.

4.) Teen to 40 year old. I picked this group because that age group still goes to the mall and shop.Teenagers were the jeans for popularity. The 20 to 40 year old were them because they are nice comfortable jeans.

5.) Say you have a pair of jeans and you are trying to attract teenagers you can’t charge a bunch. If you charge to much no one will buy them but if charge not enough they will not get the jeans because it's all on how much you spend on your Jeans these days not if you like them. So you have to charge in between. I would say 100 dollars is reasonable.

6.) Primary research consists of new studies. Secondary research consist of studies of existing data.

7.) E-mail marketing because you can persuade the customer in the way that you want

8.) Marketers uses online tools such as websites, a social media presence, e-mailing, content marking to sell items and a make a profit.

9.)   Search Engine Optimization, a company uses in order to have their website appear in a prominent place on search engine results pages when users search for a product or service they offer.

10.)    The perceived of a item or value may be more than someone else value of a item because a perceived value is how valuable someone thinks a product is worth, its all in the person's mind.