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Phantasy [73]
3 years ago
10

Choose a well-known company that you are familiar with, and explain how that company could use each of the five P's of the marke

ting mix to achieve its brand image and sales goals.
Business
2 answers:
Mademuasel [1]3 years ago
8 0

Answer:

HP can utilize the five P's to accomplish its image picture by making a proficient item, being in a favorable spot, serious evaluating, advancing their items, and partner the organization with individuals

Svetach [21]3 years ago
4 0

Answer: The answer is promotion, product, price, and place

Explanation:

The marketing mix are the various elements of marketing that is needed to be carefully employed by any organizations in order to achieve the greatest success in their business. It is also necessary to combine them in the most effective way given the circumstances at any particular time..The marketing mix is divided into four which are

Promotion : This is the activities which an organization used in order to enable the consumers know the usefulness of their products and also to appeal to them to buy their products. This includes advertising, selling, public relations and the creation of a brand image where this is advantageous

Product : This is the combination of products or services the organization sells to the target market. This include product design, manufacturing quality, and after sales services.

Place: This is the amount consumers have to pay to acquire a product or services. The price must relate to the product quality and the particular market aimed at. The policy of granting credit also falls under price as well as discount, and allowances.

Place: This involves all distribution, handling and transportation activities needed to carry products from producer to consumer. The elements of place includes channel of distribution, coverage, location, inventory and transport.

The particular marketing mix used at any one time will depend on the circumstances such as the economic climate, the strength of the competition and the need for improved revenue. Different organizations, even in the same industry will use different mixes successfully because their particular case demand a particular mix. For instance, in a competitive industry where there is very little differences between the various maker such in the production of soft drinks such Coca-Cola and Pepsi they may used general price range, heavy promotion on a particular aspect of its product may be used by the manufacturer of the product to emphasise a particular attractive feature which may not be present in the product of its competitors.

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Explanation:

Most of the actions taken inside a company are directed to customers' satisfaction, they are an important part of all business, so they have to be a priority. In this case, the worker can explain to the supervisor the urgent necessity of replying to the customer and the previous promise that has done of replying by noon. The supervisor may understand the important situation and summarize for the worker the 10 first minutes of the meeting; in this way the worker won't miss the meeting and will keep his commitment with the customer.

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94. Averaging the deviations from the mean for a portfolio of securities will: A. compute the standard deviation. B. compute the
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Answer: C. equal zero

Explanation:

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Some deviations will be positive, others will be negative.

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S_A_V [24]

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A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true? The manufacturer has
astra-53 [7]

Question:

A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true?

A. The manufacturer has effectively used vertical integration to increase its bargaining position and reduce transaction costs.

B. The manufacturer has enhanced utilisation by allowing depreciation and other fixed costs to be spread over a larger unit volume.

C. The manufacturer has sacrificed quality by using a lower-cost input.

D. The manufacturer has efficiently capitalised on the experience and learning-curve effects within the company.

E. The manufacturer has effectively reduced its operating costs by outsourcing its activities.

Answer:

A. the Manufacturer has effectively used vertical integration to increase it's bargaining position and reduce transaction costs.

Explanation:

Vertical integration is a business strategy whereby a business acquires ownership or controls its suppliers, distributors, or retail locations to control its value or supply chain.

It may also be said that vertical integration has to do with the purchase of a part of all of the production or sales process that was previously outsourced, to have it done in-house.

An example of companies who have done this are:

1. Apple

2. Netflix

3. Comcast (Which acquired NBC)

Businesses can integrate by

  • purchasing their suppliers to reduce the costs of manufacturing or
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