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kow [346]
4 years ago
15

Describe the differences between traditional marketing communication strategies and service business communication strategies.

Business
1 answer:
Novay_Z [31]4 years ago
3 0

Traditional marketing is the common methods of marketing that have been utilized since the start of advertising and commercials. Traditional marketing is anything except the use of digital channels for marketing. It consists of many aspects and the examples are posters, billboards, newspaper, brochures and commercial on TV.

>Reduced cost --Daily paper promotions, TV advertisements cost a lot. Digital marketing, on the other hand, cost less and reach out to a large demographic area. So even the young entrepreneur or startups can do marketing at a lower cost. This, in turn, helps in expanding the marketing over the limits of age and finance.

>Real­-time result --With traditional marketing, you need to wait for a considerable period of time, even for months to see the outcome. Whereas in digital marketing you can see everything in real-time, such as the number of visitors, increase or decrease in the traffic directed to the website, the most engaging time of the day and conversion rate. When you have the outcome in real time, you squander no time in taking the action.

>Non-intrusive --Individuals purchasing the daily paper don't buy it for the advertisements in it. Individuals tune in to the radio for music and the climate gauge.Individuals purchasing magazines for the contents which do include the advertisements. So we can state that traditional marketing is invasive.

In the case of digital marketing, you can pick whether you want to see the advertisement or not. It isn't pushed into your face, aside from the irritating popup advertisements obviously. You can choose to avoid the email as long as you need. Digital marketing seems to know how to develop an interest in individuals and not to irritate them.

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What is the primary product focus for the lego company? select one: a. custom sculpture b. recycled plastic c. electronic device
Goryan [66]

<u>Children's construction sets</u><u> is the primary product focus for the </u><u>lego </u><u>company.</u>

<u />

What is the strategy of LEGO?

  • The LEGO Group's mission is to inspire and develop the builders of tomorrow through the power of play.
  • The LEGO System in Play, with its foundation in LEGO bricks, allows children and fans to build and rebuild anything they can imagine.

Does LEGO use differentiation strategy?

  • The LEGO group is using the differentiation strategy as the company states, "we want to be the best, not the biggest."
  • In addition to that, the company is focusing on new product development along with innovation as well.

Why is LEGO so successful?

  • Instead of offering kids ready-made toys, LEGO gives them the opportunity to build their toys — a much more challenging activity which kept kids engaged for hours.
  • The LEGO System of Play becomes very successful and the company starts selling it to other countries.

Learn more about LEGO

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3 0
2 years ago
Which qualifications are most helpful for Foreign Service Careers? Check all that apply.
r-ruslan [8.4K]
The foreign languages are Brazilian and
4 0
3 years ago
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In many large U.S. cities, taxicab companies operate as near monopolies because of_____.
Naya [18.7K]

Answer: Option (b) is correct.

Explanation:

Correct Option: Licenses

In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.

There is a advantage for the taxicabs companies for using the monopoly power.

Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.

4 0
4 years ago
SOMEONE PLEASE HELP ME ASAP PLEASE!!!!!​
Umnica [9.8K]

Answer:

a

Explanation:

bc interest rates have a negative correlation their for they will shift off

8 0
4 years ago
If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:
AlekseyPX

The question is incomplete. The complete question is stated below.

If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:

a. $400 increase in consumption spending

b. $75 increase in consumption spending

c. $425 increase in personal saving

d. $75 increase in personal saving

Answer:

If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving. Thus, option D is the correct answer.

Explanation:

The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. It is a concept that is used to calculate how much of an increase in income will be used in consumption and saving. The formula to calculate MPC is,

MPC = Change in consumer spending / Change in income

0.85 = Change in consumer spending / 500

500 * 0.85 = Change in consumer spending

Change in consumer spending = $425

If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving.

8 0
3 years ago
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