What are five marketing strategies that retailers spend half of their annual budget on?

1 answer:

4 0

The five marketing strategies includes strategies on 5P's which includes Price, Product, Promotion, Place and People.

The retailers are basically people who sells goods in smaller quantity to the final consumer in the chain of distribution.

The five marketing strategies they spend half of their annual budget on includes on the following:

Price: The retailers ensures that prices of their product are reduced below cost price to persuade consumers to buy from them.

Product: The retailers need to ensure that varieties of product are available in the stores to satisfy the consumers need.

Promotion: Various advertisement and others strategy to persuade consumers needs funds to make successful.

Place: The store and outlet need to be where is more favorable and comes with high cost of expenses for the retailers.

People; The consumers are given discounts and other incentives to persuade them to come and buy more goods from the retailers.

Learn more about this here

<em>brainly.com/question/14443232</em>

You might be interested in

A costing method that first assigns costs to activities and then assigns them to products based on the products' consumption of

Makovka662 [10]

Answer: Activity based cost accounting

Explanation:

The activity based cost accounting is the one of the type of accounting method in an organization that assigned various types of objects for allocating indirectly the overall cost of the products in the department as compared to the conventional costing.

According to the given question, the activity based cost accounting is firstly assigning the cost to each activity and then assigning the products based in the consumption for different types of activities in production processing.

Therefore, Activity based cost accounting is the correct answer.

7 0

2 years ago

Goods that are created and used domestically are __________.

dem82 [27]

The answer is C. Produced and consumed in one country.
Goods that are created and used domestically are not imported goods because imported goods means coming from other country, it's not also exported goods since it is not exported to other county. Rather it is being produced and used of the same country.

7 0

2 years ago

Read 2 more answers

Money that can be easily divided into smaller units of value has the characteristics of

Anna007 [38]

A) Divisibility can easily be divided into smaller value.

8 0

2 years ago

Read 2 more answers

A woman is shopping with her three children. She is carrying several items and does not have a shopping basket. She is still bro

dlinn [17]

Answer: The women customer either complain to the supervisors to address her issue immediately nor the employee should apologize to the woman and provides a shopping basket to her.

Explanation:

In every supermarket, All employees of the shop have the duties and responsibilities to serve the customers' needs without any delay in time. Consumer rights should be always ensured to protected in all the shops irrespective of the size of the business as well the employees count. The consumer has all rights to raise the complaint to the direct supervisors in the market.

In this case, Woman's customer has experienced the pain as she cannot able to get a basket to hold the items. As she needs to take care of her children, Her request needs to fulfilled without any delay. Mutual consent with the ethics of the shop needs to tie up the bonding relationship between employees and consumers. At last, if the employee apologizes for her mistake and helps the woman by providing basket will end in the peaceful business transactions in the supermarket.

3 0

2 years ago

During the final or phaseout stage of the project life-cycle, __________ is the dominant goal of many project managers.

Anarel [89]

During the final or phaseout stage of the project life-cycle, scope is the dominant goal of many project managers.

6 0

2 years ago