To create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
<h3>Why is the
first step of the marketing process important ?</h3>
The first step of the marketing process important because it help to identify the potential; buyers as well as to know the kind of the market that is needed to be focus on so as to be able to ,maker sales.
In this case, it should be noted that create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
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Answer:allocative efficiency; marginal costs
Explanation:allocative efficiency is at an output level where the Price equals the Marginal Cost (MC) of production. This is because the price that consumers are willing to pay is equivalent to the marginal utility that they get. Therefore the optimal distribution is achieved when the marginal utility of the good equals the marginal cost.
The marginal cost is the cost of producing one additional item and is used to pinpoint the optimal economy of scale. The marginal benefit is the greater enjoyment created by producing one additional item.
Answer:
E) brainstorming
Explanation:
Based on the information provided within the question it can be said that you are engaged in brainstorming. This refers to a group creativity technique in which people within the group provide whatever ideas come to mind that may provide a solution to the problem that is being discussed. The best idea is then chosen by the group and implemented. Which is what the advertising agency in this scenario is doing in order to come up with a name for their new Beach Resort.
U.S. macroeconomic policy package of 1965-1968
Answer:
Geography, cultural and social factors, economic conditions, and political and legal factors are the four parts of the international business environment.
Explanation:
