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3 years ago

The marketing process includes decisions about the best way to get the product to the consumer.

2 answers:

7 0

The marketing process indeed includes decisions about the best way to get the product to the consumer. Therefore, it is TRUE

The marketing process refers to a comprehensive plan that shows how a company can executive its marketing strategies. The detailed plan is often in line with the goals of the organization.

<h2>Further Explanation</h2>

The marketing process also involves a process in which an organization creates values for its customers towards meeting their needs.

The marketing process can be a means to interact with customers and can provide some clues for the organization on what should be done or what value should be created to meet up with the requirements of their customers.

In the marketing process, situations are evaluated to figure out opportunities, the strategy to be used to create value, the strategies are executed, and the reactions and actions of customers are closely monitored.

The four steps involved in the marketing process include:

Situation analysis: This involves analyzing the situation of the company and identifying how to meet the requirement of unfulfilled customers. Situational analysis is meant to identify marketing options
Marketing strategy: This involves coming up with strategies to execute the identified marketing option.
Marketing Mix decision: This stage involves making decisions with respect to product price, distribution, and promotion.
Implementation and control: at this stage, the strategies of the organization are executed and the market is being monitored to identify any changes and make necessary adjustment.

LEARN MORE:

The marketing process includes decisions about the best way to get the product to the consumer brainly.com/question/10507007
Which of the following statements about the target marketing process is true brainly.com/question/13623898

KEYWORDS:

marketing mix
decision making
marketing process
market control
situational analysis

DENIUS [597]3 years ago

5 0

Answer:

True

Explanation:

In the marketing mix, the process of moving products from the producer to the intended user is called place. In other words, it is how your product is bought and where it is bought. This movement could be through a combination of intermediaries such as distributors, wholesalers and retailers.

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FDIC is:

seropon [69]

Answer:

c) A government insurance program that will pay back account holders if the bank or lending institution fails

Explanation:

The FDIC is an acronym for Federal Deposit Insurance Corporation. It was founded by Franklin Roosevelt on the 16th of June, 1933.

FDIC is a government insurance program that will pay back account holders if the bank or lending institution fails.

The income generated from the premium payments of insured banks is used to fund or finance the FDIC.

5 0

3 years ago

Read 2 more answers

The perfectly competitive price and output level occur where

jasenka [17]

Answer:

It occur where MR = MC

Explanation:

Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.

In a firm that is a perfectly competitive, the level of output as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.

It is stated as MR = MC.

7 0

2 years ago

When Carolina is in the grocery store buying milk for her children, she picks up a tube of toothpaste at the same time. The toot

yKpoI14uk [10]

A relatively inexpensive item that merits little shopping effort, is called Convenience product.

<h3>What is the Product?</h3><h3></h3>

Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.

Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.

In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.

Learn more about Convenience product here:

brainly.com/question/7184191

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7 0

1 year ago

Sophia is an architect and she is trying to decide whether to hire Jacob, a draftsman, to assist with her work. Sophia could hir

Brrunno [24]

Answer:

b. Jacob should be hired at the $20 per hour wage rate

<u>Options</u>

a. Sophia should do the drafting work herself because she has the lower opportunity cost

b. Jacob should be hired at the $20 per hour wage rate

c. Sophia should not hire Jacob because it would be faster for her to do the work herself

d. Jacob should be hired, but only if he is paid more than $30 per hour

Explanation:

Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars

Thus, making convinient to hire it as there is a profit of 30 dollars.

We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.

4 0

3 years ago

Strategies on how to minimize expenses in cooking?

Nitella [24]

Answer:

1. Calculate Your Food Costs

2. Be Consistent When Calculating Inventory

3. Work with Your Food Suppliers

4. Join a Group Purchasing Organization

5. Manage Your Food Orders

6. Implement Restaurant Portion Control

7. Use the First In, First Out (FIFO) Method

8. Utilize Your Daily Specials

9. Keep Your Staff Informed

Explanation:

8 0

2 years ago