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3 years ago

Describe the six buyer-readiness stages along with the marketing strategies used at each stage.

Business

1 answer:

ipn [44]3 years ago

3 0

Answer:

There are six buyer-readiness stages through buyer or consumer has to pass through before buying any product or services.:

Awareness: The buyer should be aware or informed about the product, which he or she is going to buy.
Knowledge: The buyer should have knowledge or skill to use the product.
Initial interest: The conusmer should have interest or curiosity to buy the product.
Preference: The buyer should have preference of buying the product before any competing product in the market, due price or quality or promotional benefits, etc.
Conviction: The consumer should have conviction that product will be suitable for hir or her´s need.
Purchase: This is a final stage that consumer should have easy access of buying the product and should be aware about promotional offer on the particular product to get more benefits.

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3 years ago

What is the best example of a short-run adjustment?

k0ka [10]

Answer:

Short-run economics primarily affect price.

Explanation:

When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.

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3 years ago

Read 2 more answers

U.S. exports are Group of answer choices A.not included in U.S. GDP because they are consumed B.abroad included in U.S. GDP beca

soldier1979 [14.2K]

Answer:

The answer is B. included in U.S. GDP because they are produced domestically

Explanation:

Exports are included in the gross domestic product as the production is done locally. Apart from exports, imports are included in the GDP as well.

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4 years ago

Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time i

nikitadnepr [17]

Answer and Explanation:

The classification is as followS:

Transactions Accrual basis Cash basis

1. Cash received in advance Not record record the revenue

2. Purchase supplies Not record Not record the expense

3. Received cash for services record revenue record revenue

4. Perform services Record revenue Not record the revenue

5. Pay cash for the supplies Not record record the expense

In this way it should be classified

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3 years ago

When higher prices result in a lower quantity demanded, economists call this relationship: a. the law of quantity. b. the demand

Zanzabum

Answer:

d. the law of demand

Explanation:

One of the foundations of current economy, the inversely proportional relationship between prices and quantity demanded, that is, the higher the price the lower the demand, is known by economists as the law of demand.

This law is a key factor in the determination of prices of goods and services that we see each day and reflects the decrease in the marginal utility of each extra unit with an increase in price.

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3 years ago