Increased customization in products and services generally requires <u>more </u>resources and effort.
Customization requires a corporation to shift its marketing version from vendor-orientated to buyer-orientated. The goal is to assist clients higher becoming aware of what they want. Customization allows organizations to have the capacity to evolve personalization and one-to-one advertising projects for the digital advertising environment.
Mass customization in advertising refers to the motion of altering products or services to create custom studies for customers. Many industries use this approach, from retail corporations to software designers or monetary companies to modular home construction.
We have recognized four strategies for customization, which we name collaborative, adaptive, cosmetic, and transparent. While designing or remodeling a product, system, or business unit, managers must examine each of the procedures for possible insights into how nice to serve their customers.
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Answer:
storming stage
Explanation:
Based on the scenario being described within the question it can be said that your team seems to be in the storming stage of team development. This stage is regarded as one of the most difficult and important stages for a team to pass through and where success creates long-term beneficial gains for the team but failures create long-lasting and usually fatal problems for the team.
When the company uses cold calling to find potential customers, it is basing its methodology on the law of averages.
The law of averages is the law that something is sure to happen at some time, because of the number of times it generally happens or is expected to happen. In this case because the company uses a variety of marketing methods including a web site, cold calls, and direct mail Evans and Heldris believe the company could better communicate with potential customers who may not know of the company's existence.
Answer:
Heterogeneous-shopping products(Shopping product)
Explanation:
Products can simply be said to be services, events, places, ideas, person e.t.c.
There are four types of consumer product classes namely:convenience, shopping, speciality and unsought.
Shopping products are homogeneous and heterogeneous in nature.
Homogeneous shopping products usually need enough exposure to facilitate price comparison; they differs in style, comparison, quality and price sensitivity is high e.g housing.
Answer:
15%
Explanation:
The computation of the internal rate of return is shown below:
Given that
Year Cash Flow
0 -$27,100
1 $11,100
2 $14,100
3 $10,100
The formula to compute IRR is
= IRR()
After applying the above formula, the internal rate of return is 15%
