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andriy [413]
3 years ago
8

Why is the marketing mix (aka the four p's) important to advertisers?

Business
1 answer:
scoundrel [369]3 years ago
4 0

Understanding and implementing the marketing mix is important because it helps the business understand their product, how it will be bought and who will buy it, and helps create a framework for a successful launch and strong sales.

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Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the
Greeley [361]

Answer:

C

Explanation:

Cost=10000

Accumulated depreciation=3000

Sales price=9000

Net value=10000-3000=7000

Gain=9000-7000=2000

7 0
3 years ago
Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doc
Katarina [22]

Answer:

$300

Explanation:

Given that s a health insurance program with co-payments of $10 per doctor visit.

Thus,

amount paid by insurance in 1 visit = $10

Amount paid by insurance in 6 visit = $10*6 = $60

Total bill charged by the doctor in 6 visit = 360

Amount paid by the consumer = Total bill charged by the doctor in 6 visit - Amount paid by consumer in 6 visit = $360 - $60 = $300

Since , consumer is the third party payer he pays $300 out of total $360 bill charged by the doctor.

In fraction ,portion of bill paid by the third party payer = 300/360 = 5/6

Thus, 5/6 portion of bill is paid by third party payer.

3 0
3 years ago
M1 includes more than just currency because
MariettaO [177]

Answer: Option (A) is correct.

Explanation:

Correct Option: Other assets can also be used to make transactions to buy goods and services.

M1 = Currency with public + check-able/Demand deposits + other deposits with RBI

It includes more than just currency with public because there are some other assets as well which are highly liquefied and helps people in buying goods and services.

Check able deposits is one of the component of M1, other than currency with public. People can withdraw these deposits at any point of time which people generally used make transactions for buying goods and services.

6 0
3 years ago
After evaluating identified segments, decisions have to be made whether to pursue a particular opportunity or not. Assuming the
photoshop1234 [79]

Answer:

Target marketing strategies is made in order to separate customers into several groups based on similar characteristics. After the separation, we will create a marketing strategy that can appeal to a specific group.

Typically, the target marketing strategies need to be done in 3 steps:

<u>1. Segmenting</u>

During this step, we need to find a characteristics that we want to use to divide the customers. (such as age, gender,  health status, etc)

<u>2. Targeting</u>

During this step , we need to determine which characteristics we want to use as a target depending on the resources that we have on our disposal.

<u>3 Positioning</u>

During this step, we need to make various effort to make our product become appealing to that specific group. We can do this by changing the design, materials, or the way we advertise the product.

4 0
3 years ago
Tracy Brady is in the process of developing an exciting new product in the smartphone industry. She'd like to show a preliminary
Westkost [7]

Answer:

Concept

Explanation:

Tracy is about to launch a new product but before that, she is interested to get initial feedback from experts and customers. In order to show them how the product works and to share small details to better understand the product, Tracy needs to complete and distribute the concept statement. It will help customers and industry experts to know the purpose and the plan of Tracy.

3 0
3 years ago
Read 2 more answers
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