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kow [346]
3 years ago
15

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

Business
1 answer:
Novay_Z [31]3 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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How many years do you have to live in A house to break even on closing costs
WINSTONCH [101]

Answer:

About 5-7 years.

Explanation:

6 0
3 years ago
Olivia asks several real estate agents to help her sell her house. A buyer is found. At the closing, no agent receives a commiss
STALIN [3.7K]

Answer: Open Listing

Explanation: The seller sold the real estate herself therefore she did not have to pay a commission.

8 0
3 years ago
Jonathan Crowley is a portfolio manager for a large pension fund. Last year his portfolio had an actual return of 12.6% with a s
ycow [4]

Answer:

The required rate of return of the portfolio is 13.62%

Explanation:

The required rate of return is the minimum return that investors require to invest in a stock or portfolio. The required rate of return can be calculated using the CAPM formula for required rate of return. The formula is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • beta is the stock/portfolio's beta or measure of risk
  • rpM is the risk premium on market

r = 5.82% + 1.3 * 6%

r = 0.1362 or 13.62%

5 0
3 years ago
The economy of Tuland produces only two products oranges and dvds. The following information is available for production and pri
AlladinOne [14]

Answer:

1) Real GDP = Base year price X Current year quantity

Real GDP for 2009 using 2009 as base year = 5 X 100 + 40 X 20 = 500 + 800 = 1300

2) Real GDP for 2009 using 2010 as base year = 5.25 X 100 + 24 X 20 = 525 + 480 = 1005

3) Real GDP for 2010 using 2009 as base year = 5 X 110 + 40 X 30 = 550 + 1200 = 1750

4) Real GDP for 2010 using 2010 as base year = 5.25 X 110 + 24 X 30 = 577.5 + 720 = 1297.5

5) GDP growth rate using 2009 as base year = (Real GDP for 2010 - Real GDP for 2009)/Real GDP for 2009 X 100

= (1750 - 1300)/1300 X 100 = 450/13 = 34.61

6) GDP growth rate using 2010 as base year = (1297.5 - 1005)/1005 X 100 = 29.10

7) Arithmetic average of growth rates = (34.61 + 29.10)/2 = 63.71/2 = 31.85

6 0
3 years ago
Read 2 more answers
Marks Company makes one product, for which it has established the following standards for materials: Average quantity of materia
Anastasy [175]

Answer:

Direct material price variance= $25,000 unfavorable

Explanation:

Giving the following information:

Standard price= $16

During March, Marks made 10,000 units of the product, using 50,000 pounds at a total purchase price of $825,000.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 825,000/50,000= $16.5

Direct material price variance= (16 - 16.5)*50,000

Direct material price variance= $25,000 unfavorable

5 0
3 years ago
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