Answer:
Excite
Explanation:
Excite
The 4 E framework
New framework for marketing communications with social media, can now be framed with the 4 E framework:
EXCITE customers with relevant offers
EDUCATE them about offering
Help consumers EXPERIENCE products, directly / indirectly
ENGAGE with them on a common platform.
Answer:
1. Marketing strategies
2. Marketing Strategies
Explanation:
Marketing strategies are simply a set of procedures or actions a company and/or a seller intends to undertake to sell a product or service to the end user, with a view to earning a profit. Marketing strategies understand that there are many goods chasing fewer buyers. Hence, the competition is often stiff. In a bid to gain a competitive advantage and an edge, a good marketing strategies is very critical to a business concern.
There are basically 4 elements of marketing:
- Price
- Promotion
- Product, and
- Place
Price is simply the amount the end user intends to pay for a product. It is an acknowledged fact through the study of consumer behavior that consumer will buy more of a go when the price is low, compared to when high. This is bearing that they both have same quality content. Thus, pricing is a critical element of marketing as its proper application is incidental to a firm gaining its competitive advantage. Hence, a seller must have the propensity to change price often, rapidly and aggressively in response to competitors' price changes.
Additionally, Proper pricing should not be viewed in isolation. Other elements of marketing are also critical to understanding appropriate marketing strategies. Making products stand out through requisite promotion strategies - advertisements, publicity, fairs and all, make pricing more competitive.
Also, a product with good and high quality easily wins the heart of a consumer than otherwise. Thus, to be competitive, a seller must come up with a product of good quality and rating. And when a consumer sees that there's value for money, he's inclined to paying more.
Strategically placing your product where it'll easily contact the prospective buyer goes a long way in being competitive and taking the advantage of the pricing decision.
Answer: All of the above
Explanation:
Disney realized that China has different values from the United States and so Disneyland had to be built by Chinese standards not that of the U.S. in order for it to be a successful venture.
To this end, they brought in a Feng Shui expert who helped construct the park according to the principles of Feng Shui. They also made sure that the park's hotels had no 4th floor because the number four is considered bad luck in Chinese culture.
They also set the opening date to a date that was considered auspicious for the opening of a business to inspire good luck.
Answer:
everyone is willing to pay the taxes to receive the benefits.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
A Lindahl equilibrium can be defined as an economic state in which there is a production of an optimal quantity of public goods and the cost of these goods is shared in a fair manner among everybody. It was developed by Erik Lindahl.
In a Lindahl equilibrium everyone is willing to pay the taxes to receive the benefits.
The factors that can impact the elasticity of demand are:
necessity versus luxury
availability of substitutes
<h3>What is the elasticity of demand?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
The more close substitutes a good has, the more elastic its demand. This is because if price is increased, consumers can easily shift to the consumption of an alternative product.
Goods that are deemed as necessities usually have an inelastic demand. While goods that are deemed a luxury usually have elastic demand.
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
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