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oksian1 [2.3K]
3 years ago
6

NAME THAT FUNCTION! Directions: In the blank, write the marketing function that is illustrated by each statement. An article in

a newspaper explains that a new business is about to open. A business analyzes what competitors are charging for products. A consumer answers survey questions after tasting a new food product. A manufacturer determines which retailers will offer its products. A quick-serve restaurant adds pancakes to its breakfast menu. A company creates its marketing budget for the next fiscal year. A department store marks up cookware by 20 percent over cost. A retailer offers customers the products they want. A business decides to use billboards rather than radio commercials. A company decides to distribute its products directly to the ultimate consumer. An electronics store predicts how many televisions it will sell. A sporting goods store decides to carry a line of tennis racquets. Businesses research what type of products the competition is offering. A bookstore connects with customers using an online catalog and ordering system. A manufacturer analyzes different market segments.
Business
1 answer:
iVinArrow [24]3 years ago
3 0

Answer:

An article in a newspaper explains that a new business is about to open: Promotion

A business analyzes what competitors are charging for products: Marketing Information Management

A consumer answers survey questions after tasting a new food product: Marketing Information Management

A manufacturer determines which retailers will offer its products:Product/Service Management

A quick-serve restaurant adds pancakes to its breakfast menu: Product/Service Management

A company creates its marketing budget for the next fiscal year.

A department store marks up cookware by 20 percent over cost: Pricing

A retailer offers customers the products they want:

A business decides to use billboards rather than radio commercials: Promotion

A company decides to distribute its products directly to the ultimate consumer: Distribution

An electronics store predicts how many televisions it will sell: Sale prediction

A sporting goods store decides to carry a line of tennis racquets: Expansion

Businesses research what type of products the competition is offering: Market Research

A bookstore connects with customers using an online catalog and ordering system: Customer Care

A manufacturer analyzes different market segments: Market Research

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Individuals, organizations, and governments all use economics to understand their behaviors and decisions. It gives people a way to comprehend how people interact in a market-driven society and to analyze how government policies affect them.

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"Our teams in different countries have learned a great deal, so I am putting together an international team to study and share t
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