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Sati [7]
3 years ago
7

Stephen is preparing his pitch for a bank representative that will be considering him for a business loan. He lists the resumes

and credentials of chefs who are working in the restaurant’s kitchen. This is an example of what marketing principle (from the 7 Ps)?
Business
1 answer:
Bas_tet [7]3 years ago
6 0

Answer:

People

Explanation:

Probably the most important P of the services marketing mix is people. Services rely on the customer experience and the company's employees are the ones that make the difference. E.g. a restaurant can provide the most delicious food, but if the waiter is rude and treats customers very badly, the whole experience will be negative. Until artificial intelligence replaces us, people will be the cornerstone of the service industry.

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John operates a running shoe company and has decided to segment his market into professional track runners, trail runners and re
kkurt [141]

The correct option is (c) benefit segmentation.

Benefits segmentation is a sort of market segmentation that divides consumers into groups according to the advantages and perceived worth of the products and services they can purchase. Additionally, it might entail classifying clients in accordance with functional advantages such features, quality, and customer service.

Benefit segmentation is a technique for market segmentation that entails dividing your customer base into groups according to the benefits customers perceive they will get from your product. This may entail classifying consumers in accordance with their perceived value for things like quality, features, customer service, etc.

Learn more about Benefits segmentation  here

brainly.com/question/16968586

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6 0
2 years ago
Why should an employer have employees sign a copy of the company's personnel policy?
Umnica [9.8K]
So that the employees know the policy of the job and so if something does go wrong they cant be held accountable
5 0
3 years ago
Read 2 more answers
Siemens corporation is selling an argentinean manufacturer a​ $2 million turbine engine. in the process of this​ sale, which one
Marianna [84]
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, here is the answer. If Siemens corporation is selling an Argentinean manufacturer a $2 million turbine machine, in the process of this sale, the factor that Siemens should avoid is Selling the Argentineans an off-the-shelf <span>turbine. Hope this helps.</span>
8 0
3 years ago
An attractive industry is one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, l
viktelen [127]
<h2>suppliers and buyers with strong bargaining power is the odd one out here.</h2>

Explanation:

An attractive industry should be characterized by

  • high entry barriers
  • suppliers and buyers with less bargaining power
  • low threats from substitute products
  • low rivalry among firms

Only the above listed characteristics can provide the best profit and make the industry attractive.

  • If the suppliers and buyers have strong bargaining power, then the industry will have only very less profit, since the bargaining power is more.
  • Even if either a buyer or a supplier is strong enough to bargain it will lead to less profit only or in simple terms a loss to the industry.
4 0
3 years ago
True or false? until recently, the public health approach has been to focus on economic factors in seeking risk reduction.
love history [14]
False. The approach to public health is to ignore economic factors for risk reduction. However, there is a greater willingness on the part of the public health advocates to consider costs and benefits in risks evaluation because of an increase in understanding and accepting that economic factors are important to the health of everyone.<span> </span>
8 0
4 years ago
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