This new strategy is a A) push strategy. The push strategy is one of two types of marketing strategies based on the supply chain management used in the marketing process. The push strategy intends to market the product directly to the consumer to increase the consumer's awareness of the product. Therefore<span>, the push strategy is the most appropriate answer for this case. </span>
Answer:
e. all of the above is the correct answer.
Explanation:
The functions of marketing are to know the customer's demands and to satisfy customer needs.
Universal functions of marketing are
- storing: products are stored in the warehouse until the customers require them.
- Risk-taking: Marketer takes a chance when any new product is launched in the market as there is a chance of both profit and failure.
- selling: promotion of the product is done by advertisements and also by personal sales.
- grading: sorting and grading of the products are done as per their quality.
- transportation: is used to transport the products from the production place to the place for shopping.
- securing market information:Gathering information about customers, competitors, wholesalers that help in making marketing conclusions.
- financing: giving a require cash tp produce, store, sell and transport the products.
Answer:
D. Not effective
Explanation:
a. Effective if there are no other potential buyers.
b. Effective if TPI does not advertise the offer generally.
c. Effective if U-Store-It is currently expanding its facilities.
d. Not effective.
From the question, we are informed about how Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to communicate the offer to U-Store-It. In this case This offer is Not effective, this is because the offer wasnt communicated to U-Store. An offer can only be regarded as effective offer when 1) offeror is effective and serious to perform the offer
2) the terms and conditions of the offer is certain.
3) the offer is communicated to the offeree.
Answer:
The correct answer is option D.
Explanation:
The price elasticity of demand can be defined as the degree of responsiveness of quantity demanded of a commodity to a change in the price of the commodity.
The price elasticity of demand depends on several factors including
- Availability of close substitutes
- The proportion of income that is spent on the good
- Amount of time consumers have to adapt to the price change
If there are cheaper substitutes available in the market then the demand will be relatively elastic. Similarly, if a small proportion of income is being spent on the good than the demand will be relatively inelastic. Demand in a short period will be inelastic. Though elasticity of demand is not affected by the number of goods available.