Answer: (3) An indirect marketing channel
Explanation:
An indirect marketing channel is one of the type of business process in which the various types of organizations and companies are promoting their products and the services in the market by using the indirect method.
When we using the indirect marketing channel for the purpose of distribution the products in the market it is basically going through some additional type of steps for passing some information related to the products so that the customers are get attracted.
According to the question, the given example of the priceless creations is best illustrating abut an indirect marketing channel. Therefore, Option (3) is correct answer.
Answer:
A. struggle to get a foot in the door
Explanation:
The example of pen was used to define the fact that most salespeople start off by asking or telling the usual instead of analysing the situation and determining the right questions to be asked from the customer which ultimately leads to most of sales individuals to struggle.
Like in this case where a salesperson is given a pen, he would start by saying that he has a pen to sell with multiple colours, they are affordable and lightweight. These questions are too generic and may not interest the customer. Instead to sale better one must ask intelligent questions that will be relevant for the customer in order to pitch them the right kind of product.
Answer:
A. Increasing Marginal Utility B. Yes, John will spend
Explanation:
Total Utility is the total satisfaction from all units of consumption
Marginal Utility is additional satisfaction from an additional consumption unit.
Coca Cola TU MU
1 10 10
2 25 15 (25-10)
3 50 25 (25-15)
John's Marginal Utility is increasing each time in succeeding unit over its preceding unit.
b. John having $3, price of a coke = $1: will be willing to spend 1st 2nd & 3rd dollar on coke consumption because - its gainful for him (MU > P) each time.
I believe the answer is “a” or “paying cash dividends.”
A business plan composes of many key components and one of this is the products and services. Therefore, when reviewing a business plan, the life cycle of the product is important because it would help establish expectations regarding how often the customer will need the business. The answer to this would be option D. Hope this helps.
