A meta market is a cluster of complementary products and services that are closely related in the minds of consumers but are spread across a diverse set of industries.
<u>Explanation:</u>
Meta market can be defined as two or more markets that has distinct features are connected in some or the other way to a service or a product. It can be stated as an attempt to increase the sides of marketing by including all the non-profit organizations.
The term meta marketing was first coined by E.J.Kelly while discussing science of marketing and ethics issues.
Example: The meta market for domestic cleaning products includes the house cleaning service companies and the house owners.
Please find attached full question and answer
Answer and Explanation:
The data is nominal data and so to represent it graphically, we used the pie chart. We have based our pie chart drawing on data assumed since we couldn't find data for the question. The data used here is still same type of data needed for the pie chart graphical representation and would merely bring a change of numerical value therefore affecting the pie chart in this regard only. We have done a rough hand estimate of the pie chart and what it would look like if drawn conveniently by hand with a protractor and compass, noting all the angles accurately(convert percentage to degrees, each percentage divided by 100 multiplied by 360) or using Excel software
In Marketing, promotion refers to any type of marketing communication used to inform or persuade target audiences of the relative merits of a product, service, brand, or issue. The aim of promotion is to increase awareness, creat interest, generate sales, or create brand loyalty. So yes, promotion would involve trying to get a message across to a potential customer.
Answer: True
Monopolies engage in price discrimination possible because they can get away with it.
A monopoly is where only one seller sells a particular good. Because of this, the seller has the power to dictate the price of the good to the extend of giving the good the highest price possible that a consumer is willing to pay.
Consumers must pay the price of said product because they can not get the same product from any other seller.
Explanation:
Challenge 1: Changes in how buyers buy.
Challenge 2: Competition.
Challenge 3: Need for top talent.
Challenge 4: Competing on price only.
