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tigry1 [53]
3 years ago
7

A marketing manager wants to build a strong relationship with the customers and to customize messages without high costs. He und

erstands that relationship building and message customization would require constant updating of the database due to the reliance on CRM and he plans to hire staff to make sure the database stays up to date. Based on the manager's consideration, ________ will be the most appropriate promotion mix element.
Business
1 answer:
Colt1911 [192]3 years ago
4 0

Answer:

Direct marketing and interactive marketing.

Explanation:

In a case of direct marketing here, they do research, identify customers, select media (TV, direct mail, internet), and create a campaign. But rather than guess whether the message worked, they track the consumer's response. How many people (and of what age, ethnic group, income level) called the number in the catalog, clicked the button on the website, or went to the store for their gift with purchase. This is because direct marketers can measure the results, they can make the next campaign even better.

While in the other hand, interactive marketing explained to be the fastest growing form of marketing where sellers do chats and explanations that comes off as convincing approach of their products to their buyers, this could be physically or online.

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An excise tax of $2 is placed on a jar of Honey. Honey producers end up bearing only $0.40 of the tax. The demand curve for hone
saw5 [17]

Answer:

The correct answer is option c.

Explanation:

If the demand for a product is elastic the tax burden will be borne by the producer. This is because elastic demand means that an increase in the price will lead to a more than proportionate reduction in the quantity demanded. So with the imposition of a tax, the sellers will not increase the price as it is likely to reduce demand.

If the demand is inelastic, it means that an increase in price will lead to less than a proportionate decrease in the demand. In this situation, after the imposition of tax, the tax burden can be shared between producer and buyer.

3 0
3 years ago
Last​ weekend, Bob attended the university football game. At the opening​ kickoff, the crowd stood up. Bob therefore had to stan
Tatiana [17]

Answer:

a non-cooperative game strategy, where participants independently choose their strategy to maximize their payoffs.

Explanation:

From the question, we are informed about Bob, who attended the university football game last week . At the opening​ kickoff, the crowd stood up. Bob therefore had to stand up as well to see the game. In this​ case, Bob was participating in a non-cooperative game of​ strategy, where participants collectively choose their strategy to maximize their joint payoffs. Non-cooperative game strategy can be regarded as the rational ways economic agent relate with each other so that their goals can be achieved. In this game both the available strategies as well as the outcome from various choices will be listed.

6 0
3 years ago
Which refers to business practices that are deliberately misleading?
Ber [7]

Answer:

Fraud is the correct answer.

Explanation:

5 0
3 years ago
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There are numerous disciplines in the area of applied science and technology. These areas contain endless opportunities for tech
Ivenika [448]

Explanation:

A technical leader is one who has the know-how of a special task, often linked to operational and science and technology areas.

This type of leader is one who has expertise in a given subject due to his experience in the field and knowledge generated throughout his career. His main duties are to coordinate the work of the teams, supervising the work and adding value to the work due to his experience, he must be the main motivator of his team, increasing productivity and increasing innovation. It is also essential that the leader has communication skills, provides feedback and is always ready to assist his team and make work more effective.

8 0
3 years ago
Suppose your college or organization is considering a new project to develop an information system that would allow all employee
Varvara68 [4.7K]

Answer:

The description of the given question is explained below in the explanation portion.

Explanation:

Risk 1: <u>New customer</u>

  • Our advantage comes from developing strong client relationships, that also typically lead to other initiatives with this client.

Risk 2: <u>Poor cost estimate</u>

  • It's always research linked towards the building of educational business process, therefore a complicated project consisting of several components including students, instructional personnel, and clients.

Risk 3: <u>Difficult to maintain</u>

  • Throughout the long term, disproportionately numerous people will be able to use that same technology in some of these circumstances.
8 0
2 years ago
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