Answer:
Experience.
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets so as to produce a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
A service organization can be defined as an assembly of people who are saddled with the responsibility of providing customer-oriented services rather than just making profit.
In Walt Disney's Magic Kingdom, customers can visit a fairy kingdom, a pirate ship, or even a haunted house. Thus, Disney is marketing an experience because they comprises of both a tangible and an intangible quality.
Answer:
Arrange for discussions with the customers including the possibility for full refund
Explanation:
Weight-Gone has failed in its promise of 8 pounds weight loss,hence a saving-grace approach would be to have cordial talks with the affected customers in order to establish their plight which will serve as a feedback for the quality team and the product design department in redesigning the product to make it fit for purpose.
Full refunds should also be arranged in order to show the company as been a responsible and trusted corporate citizen.
TRUE ITS TRUEEE. ITS TRUEEEEEEEEEEEE
Answer:
A) Single-server single-phase model (M/M/1).
B) The goal is not met, as the average time waiting for service is 5.56 minutes.
C) The new mean service rate is 7.5 customers/hour.
In this case, the average time waiting for service is 4 minutes, so the goal is met.
Explanation:
A) This situation can be modeled as a single-server single-phase model (M/M/1).
The mean arrival rate is 2.5 customers per hour.
The mean service rate is 6 customers per hour, calculated as:
B) The average waiting time for a customer can be expressed as:
The average waiting time is 5.56 minutes, so it is more than the goal of 5 minutes.
C) If the average time spent per customer to 8 minutes, the mean service rate becomes
An the average waiting time for the service now becomes:
The average time is now 4 minutes, so the goal is achieved.
Answer:
True
Explanation:
Protectionism refers to barrier on import products by restricting products from the foreign market. it can be achieved by putting heavy taxes on imports or implying strict regulation on import products.
it is not a fixed approach it is done when a country decides to go strong in the manufacturing field or want to strengthen its domestic industries by giving subsidy for setting up industries.
