Firms that hire (or encourage) well-known names to promote brand messages to their networks of followers are using Influencer marketing.
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What is Influencer marketing?</h3>
Influencer marketing is a type of social media promotion that uses product placement and endorsements from figures with a reputedly high level of expertise in their respective fields.
To reach their target market, several brands use influencer marketing. Influencer marketing is used by well-known companies to promote their products for years by utilizing influencer marketing. Through social media, they aim their influencer marketing toward a younger demographic.
An influencer uses their platform to promote a brand's product in exchange for a commission based on sales. The fact that the influencer only receives payment for actual sales creates a slight bias in favor of the brands.
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Answer:
outsourcing
Explanation:
outsourcing is what companies use to reduce production costs by contracting some business activities to other businesses.
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Answer: $64000
Explanation:
The amount that should be charged to the repair and maintenance expense in year 4 will be calculated thus:
Continuing and frequent repairs = $40,000
Add: Repainted the plant building = $10,000
Add: Partial replacement of roof tiles = $14,000
Repair and maintenance expense = $64,000
Answer:
Unique product.
Explanation:
The main driver of the LEGO's strategy is their unique product. Despite it is easily fakeble, LEGO has reach a level where the product is inseparable of the experience that offers the toy. Unlike, Hasbro or Mattel, unable yet, of produce a unique toy and an unique experience.
Some would say that is the marketing strategy the actual competitive advantage, but is important to remember that there is no good marketing strategy without a good product.
Answer:
B. Collateral promise.
Explanation:
Collateral promise refers to a promise to pay the debt of another that is ancillary to an original promise. It is an undertaking which renders the promisor a guarantor or surety upon a debt owing by a third person who is primarily liable. It is not made for the benefit of the party making it.
