Marketing strategies are not whole-company plans.
Explanation:
A marketing strategy relates to a company's overall strategy that seeks to attract and transform buyers of the goods or services the company provides into customers. The company's value proposition, primary advertising branding, consumer target preferences details and other components are included in a marketing strategy.
Marketing strategies would preferably be broader than specific marketing plans, as they contain meaning ideas and other key elements of a brand that are largely consistent on a long-term basis. In certain words, marketing strategies provide broad-based advertising while marketing plans identify detailed campaign logistic information.
Answer: Option D
Explanation:
A. In a perfectly competitive market the number of firms is so large that no individual firm can affect the price. Thus, A is correct.
B. All firms in a perfect competition sells same product without any differentiation thus no firm can charge extra price. Thus, B is correct.
C. There are no barriers to entry and exit in the market therefore no firm can earn abnormal profits in long run. Thus, C is correct.
Hence all the options given are characteristics of perfect competition.
The retail executive who oversees a group of buyers and is responsible for the trading activities of the relevant sales department or division group is the General Merchandise Manager (GMM).
Retail is a commercial activity that involves selling goods or offering services directly to final consumers. Goods purchased from retail businesses will be used by consumers for personal consumption or for family and household purposes, not for resale.
Also known as retail business, retail acts as a marketing intermediary that connects major producers or large wholesalers with consumers who buy in small quantities or in units. After purchasing a number of goods from a larger group of businesses, the retailer or retailer will resell the goods by setting a certain additional price to make a profit.
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