A business strategy that integrates the functions of sales, marketing, and customer service, using technology and massive databases of information is known as customer relationship management.
A program known as customer relationship management is used to handle all interactions and relationships among your company's clients (CRM). Establishing commercial ties can help your company expand, and that is the only objective. CRM tools enable businesses to improve profitability, manage operations, and stay in touch with their consumers.
A CRM system offers everyone a better approach to managing the external connections and relationships that are essential to success, regardless of whether they work in sales, customer service, business development, recruiting, marketing, or any other area of the firm.
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nour's responsibilities include creating organizational goals and overall strategy for the organization. in terms of her level in the organization, which type of manager is nour
Nour is a Top manager whose responsibilities include creating organizational goals and overall strategy for the organization.
In addition to setting rules, standards, and strategic goals, top management is also in charge of leading and directing quality management efforts inside the company. For a range of management system procedures, it should also identify the parties in control and hold them accountable. The top managers' responsibilities include setting the stage for change, cultivating ownership and commitment attitudes, fostering a healthy corporate culture via words and deeds, and keeping an eye on the external business environment.
Top-level managers are in charge of managing and supervising the whole company. Executing organizational plans that adhere to corporate policies is the responsibility of middle-level managers. Setting goals and making choices for the entire organization are among top-level managers' duties.
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if the spending multiplier is 4 and a change in government spending leads to a $500 million decrease in ad, we can conclude that:
The multiplier effect is a theory that claims that government spending on economic stimulus increases private spending, which further stimulates the economy.
Describe the multiplier effect.A capital injection or withdrawal will result in a proportionate increase or decrease in final income, which is referred to in economics as the multiplier effect. In essence, multipliers' effects gauge the effect a change in economic activity—such as investment or spending—will have on a given object's overall economic output.
The multiplier is the name for this heightened effect. In general, economists are most interested in how capital infusions affect income or growth in a positive way. Many economists are of the opinion that capital investments of any kind, whether made by governments or corporations, will have a significant snowball effect on numerous facets of economic activity.
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The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.
The manager should charge a rent of $2500 to maximize the revenue from the apartment complex and increase the profit
x = $20 increases
Price=$1000+20x
Quantity=150-x
The first step is to find revenue by coming up with an equation
Revenue=Price × Revenue
R(x)=(1000+20x) (150-x)
The second step is to maximize the revenue
R(x)= - 20x^2 + 2000x + 150000
The third step is to find the derivative and set it to zero
R(x)=2000x - 150000
150000=2000x
x=75
The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$1000+20x
Price=$1000+20(75)
Price=$1000 + 1500
Price=$2500
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if a drawer and a payee or holder have accounts at different banks, the payer bank and depository bank are not the same bank. in this case, the check is called a(n) .
If a drawer and a payee or holder have accounts at different banks, the payer bank and depositary bank are not the same bank. In this case, the check is called an "on them" item.
The drawer is the one who draws the money. He directs the third party to make a payment.
One of the three parties involved in the check cashing procedure, along with a payor and a payee, is a drawee. The person that processes the cheque is known as a drawee (usually a bank). The party issuing the cheque is known as a payor (the money will ultimately get removed from their account). The recipient of the funds is known as the payee.
A bank is the most typical example of a drawee. Each time you deposit a check or receive a bill of exchange, they serve as the drawee.
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question mode multiple choice question which of the following is the correct statement about fixed costs? multiple choice question. the fixed cost per unit will increase when volume increases. the fixed cost per unit will decrease when volume decreases. the fixed cost per unit does not change when volume changes. the fixed cost per unit will decrease when volume increases.
Answer:
The fixed cost per unit will decrease when volume increases.
Explanation:
The fixed cost per unit will decrease when volume increases.
What is a fixed cost?
The costs which don't change even with an increase or decrease in the number of goods or services produced or sold are known as fixed costs.
However, the fixed cost changes with a change in the volume of production. The fixed cost per unit will decrease when the volume of production increases for that particular product.
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a7x corporation just paid a dividend of $1.60 per share. the dividends are expected to grow at 25 percent for the next 9 years and then level off to a growth rate of 5 percent indefinitely. if the required return is 14 percent, what is the price of the stock today?
The price of the stock today is $42.78
The relationship between a stock's intrinsic value and its dividend payments is established by the dividend growth model. The value of the stock is the present value of all the dividends discounted at the required rate of return, and it is assumed that dividends increase at a constant rate.
D0 = $1.60
The growth rate for the next 9 years = 25%
D9 = D0 * (1 + 0.25)^9 = $11.92
Growth rate afterwards, g = 5% = 0.05
D10 = D9 * (1 + 0.05) = $12.516
Let the price after 9 years be P9
Required return = 14% = 0.14
[tex]{}P9 = \frac{D10}{r - g} \\[/tex]
= 12.516/0.09 = $139.06
Calculating the present value of the stock:
[tex]{}P0 = \frac{P9}{(1 + 0.14)^9}\\ \\P0 = $42.78[/tex]
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What are the primary responsibilities
for financial and insurance records
processing professionals regarding
handling documents for easy retrieval?
A. retrieving and dating
B. collecting and filing
C. making and retrieving
The main duties of financial and insurance records processing specialists when handling documents for simple retrieval are making and retrieving. Retrieval exercise is crucial since it improves students' learning and helps to develop their schema. Option C
By allowing pupils to recall previously studied material and fortify their memory traces, it helps students' memories. Additionally, it makes it more likely that information will be retained in long-term memory. Students' schemas are strengthened by retrieval practise, which enables them to commit the knowledge to long-term memory.
Retrieval practise increases learning effectiveness; creating and using concept maps, flashcards, or any other retrieval practise tool will promote greater learning than underlining or rereading.
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kyle knows that his spring break travel packages are the best deal on campus. he also knows his competitor is sloppy, often waiting until the last minute to provide the needed tickets and documents to students buying his island packages. kyle wants to develop an advertising message that emphasizes the key benefits he provides. he will develop a(n) blank appeal.
The complete statement is "kyle knows that his spring break travel packages are the best deal on campus. he also knows his competitor is sloppy, often waiting until the last minute to provide the needed tickets and documents to students buying his island packages. kyle wants to develop an advertising message that emphasizes the key benefits he provides. he will develop a(n) Informational appeal." Option E
What is Informational appeal.?Generally, In marketing and advertising literature, informational appeals, also known as functional or rational appeals, are direct methods of persuasion that present the benefits of a product in terms of its quality, performance, or value.
These types of appeals make use of rational, logical arguments or factual evidence to directly convince the target audience.
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CQ
kyle knows that his spring break travel packages are the best deal on campus. he also knows his competitor is sloppy, often waiting until the last minute to provide the needed tickets and documents to students buying his island packages. kyle wants to develop an advertising message that emphasizes the key benefits he provides. he will develop a(n) blank appeal.
a. niche marketing
b. emotional
c. institutional
d. reminder
e. Informational
a wholesaler that carries a narrow range of products and performs all channel functions is referred to as a
a wholesaler that carries a narrow range of products and performs all channel functions is referred to as a specialty merchandise wholesaler.
What are wholesalers?Purchasing items in bulk at a reduced cost from a manufacturer and selling them to a retailer at a higher price for them to repackage and then sell to customers in smaller quantities at an even higher price is known as wholesaling.A company known as a wholesaler is one that purchases goods in bulk from the producer and then resells them in smaller quantities.A company that sells smaller quantities of goods directly to customers is a retailer.Products can be purchased from a wholesaler or directly from the manufacturer.To learn more about wholesaler refer,
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adam miller is a general partner in a venture capital firm that just funded gold coast software, a software firm in santa barbara, california. gold coast software is incorporated, and adam has taken a seat on the firm's board of directors. in board of directors terminology, keith is a(n) director.
adam miller is a general partner in a venture capital firm that just funded gold coast software, a software firm in santa barbara, california. gold coast software is incorporated, and adam has taken a seat on the firm's board of directors. in board of directors terminology, keith is a(n) outside director.
a person who works for oneself, manages their own time and resources, uses their own tools and equipment, and provides services to a variety of clientele.
One of the most reliable indicators of future entrepreneurial achievement is prior entrepreneurial experience. The complexity of starting a new business makes it advantageous for entrepreneurs to have past start-up expertise.
You will increase your employability by developing and using your critical thinking, teamwork, professionalism, work ethic, oral and written communication, and leadership abilities.
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When i look back on the decisions i've made, it's clear that i made some of my best choices not through a thorough analytical investigation of my options, but instead by trial and error and, often, simply by accident. the somewhat random aspect of my success or failure is, at the same time, both encouraging and scary?
According to constructivists, human "knowledge is not part of an objective, external reality that is separate from the individual."
When major organizational changes are initiated, it is frequently assumed that training?Original Information: People in positions of authority typically initiate major changes. A common misconception is that training will "solve the problem." As a result, in the hands of non-committed users, potentially useful innovations are mishandled or even ignored.
People tend to assume when major top-down changes are initiated in organizations?People often think that members of an organization will need training to help them change their behavior when major top-down changes are made. Even though training might be helpful, employees might still not do what management wants them to do if they aren't willing to accept the changes.
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the fact that historical returns on treasury bonds are less volatile than common stock returns indicates that:
The fact that historic returns on Treasury bills are much less volatile than common inventory returns shows that: common shares must offer a higher return than Treasury bills
What does a Treasury consignment do?When an investor buys a Treasury Bill, they are lending money to the government. The US Government uses the cash to fund its debt and pay ongoing expenses such as salaries and army equipment. T-Bills are offered in denominations ranging from $1,000 (standard) up to a most of $5 million.
What are treasury payments with examples?Treasury payments or T-bills, which are money market instruments, are brief term debt devices issued by means of the Government of India and are at present issued in three tenors, namely, ninety one day, 182 day and 364 day. Treasury payments are zero coupon securities and pay no interest.
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https://brainly.com/question/27990913#SPJ4memphis company anticipates total sales for april, may, and june of $850,000, $950,000, and $1,000,000 respectively. cash sales are normally 20% of total sales. of the credit sales, 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected. compute the amount of cash received from credit sales during the month of may.
The sales during the month of May amount to 1,90,000$ , according to the given figures.
What do you mean by sales?A sale is an arrangement in which a seller trades money for the sale of tangible or intangible goods, assets, or services between a buyer and a seller. In a sale, there are usually two or more parties involved. One can think of a sale or a contract between two or more parties, such as the buyer and seller.
What occurs during a sale?A sales process is a set of repeatable steps that a salesperson employs to move a potential customer from a state of awareness to a closed sale. The typical five to seven steps in a sales process are prospecting, preparation, approach, presentation, handling of objections, closing, and follow-up.
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well-designed stock option-based compensation plans should have the option strike prices substantially lower than the current stock prices. a. true b. false
Well-designed stock option-based compensation plans should have the option strike prices substantially lower than the current stock prices.
FALSE
Inventory includes the shares of which possession of an organization or organization is split. A single share of the stock means fractional possession of the organisation in share to the overall number of shares
Stock are an funding meaning you very own a proportion within the enterprise that issued the stock. honestly put, stocks are a manner to construct wealth. that is how normal human beings invest in a number of the maximum a success companies within the international. For groups, shares are a way to elevate money to fund growth, products and different initiatives.
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A sales representative sells products from two competing companies without disclosing to either company. Which agent duty owed to a principal applies to this situation?.
By selling products from two competing companies without disclosing to either company, the principal duty that is applied to this situation is conflict of Interest.
In the field of business, a conflict of interest can be described as a situation where the employee chooses a personal gain over his responsibilities as a worker of a company. He might produce a negative impact for the company while gaining for something personal.
In the scenario above, by working for two rival companies at the same time, the sales representative is choosing a personal gain over his responsibility as an employee to both the companies.
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if aspects that customers have come to expect in a technology are difficult for competitors to imitate, being the technology leader will: result in an inability to preemptively capture scarce assets. yield sustained monopoly rents. result in lower bargaining power over suppliers. mean negligible research and development costs.
If aspects of a technology that customers have come to expect are difficult for competitors to imitate, being the technology leader will result in long-term monopoly rents. Thus, the right option is to yield sustained monopoly rents.
What is monopoly rent?Monopoly rents are obtained by corporations that can limit supply and/or raise prices without concern about recruiting competitors. The difference between price and long-run marginal cost is a measure of economic rent, and the sum of the difference over all units sold is the total monopoly rent.
Monopoly rent is earned from areas on which unique products, such as certain grape types, are grown; in the extractive sector, such rents are tied to the extraction of rare metals.
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in response to an increase in total factor productivity group of answer choices the labor demand shifts to the left but the labor supply shifts to the right. the labor demand shifts to the right but the labor supply shifts to the left. both the labor demand and the labor supply shift to the left. both the labor demand and the labor supply shift to the right.
In response to an increase in total factor productivity the labor demand shifts to the left but the labor supply shifts to the right.
In economics, an employer's labor demand is the number of hours of work an employer is willing to employ based on a variety of exogenous variables faced, such as wage rates, unit prices of capital, and market-driven selling prices. Its output, etc.
Labor demand is defined as the amount of labor an employer is willing to employ in a given period of time at a given wage rate. The demand for labor as a factor of production is derived from demand. For labor is required not for its own sake, but for its contribution to the production of goods and services.
Labor demand and supply are determined by the labor market. Labor market participants are employees and businesses. Workers offer jobs to companies in exchange for wages. Companies demand jobs from workers in exchange for wages.
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the coca-cola company collects and analyzes data sales as well as social media, vending machines, and self-serve soft drink fountains that permit customers to mix their own drinks. analysis of these data identified the most popular combination mixed at self-serve fountains was sprite with cherry shots, so the company introduced cherry sprite as a new flavor of canned soft drink. these data are examples of
Cherry Sprite was made available as a different taste in canned soft drink by the firm. Examples of external data include these data.
What is external data?Information that comes from elsewhere in the company and therefore is easily accessible to the general public is referred to as external data. A corporation can improve its grasp of the environment in which it operates by using external data.You may learn more about what your competitors are doing by using external data sources. You can also learn how market dynamics, consumer behavior trends, as well as the weather can affect your performance.Information, statistics, and trends that businesses learn through their operations are referred to as internal data. Businesses can recognize, take note of, and even discuss sales trends, customer behavior patterns, software usage patterns, operational lessons, and survey data.To learn more about external data refer to :
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paula's projection screens inc. is trying to sell its product to a chain of movie theaters. this requires the sales rep, an engineer, and a quality control manager to attend meetings with the movie theater staff to provide answers to their questions. this is an example of .
Paula's projection screens inc. is trying to sell its product to a chain of movie theaters. This requires the sales rep, an engineer, and a quality control manager to attend meetings with the movie theater staff to provide answers to their questions. This is an example of Team Selling.
A quality control engineer is responsible for ensuring that products meet quality standards. They may develop quality control plans, conduct inspections and tests, and analyze data to identify trends and root causes of quality issues.
Quality control engineers may also be involved in developing and implementing quality improvement plans.
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the three additional ps of services marketing that extend the original four ps of marketing are: process, people, and prosperity?
The three additional PS of services marketing that extend the original four ps of marketing are: process, people, and physical services.
Product, pricing, promotion, and place are a few crucial elements to take into account when creating a marketing plan, and the four Ps are a marketing industry standard. What you're selling, how much you're charging, how you're going to advertise it, and where you're going to sell it.
Although these four Ps are significant, this essay is not about them. Instead, we'll discuss the three frequently overlooked Ps of marketing—people, process, and physical environment—which are particularly relevant to service organizations.
You can make business decisions that will define your marketing strategy and operations with the aid of the marketing mix pillars. Finding these pillars reveals what you require, your company's strengths, and areas for development.
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during market testing, sensation cosmetics (sc) realized that the cosmetics industry was dominated with multiple, well-established brands. these brands mostly sold their products in exclusive outlets and departmental stores. a new entrant like sc would require a different business model to be successful. thus, sc started selling its products through direct marketing. in this scenario, sensation cosmetics accomplished substitution primarily through:
Direct marketing was used by sc to start selling its goods. In this case, Sensation Cosmetics largely achieved substitute through Strategic Equivalence.
Strategic equivalence refers to the use of a strategy that, when marketing compared to other strategies used by the market's current competitors, is similar in terms of the risk put into it and the rewards anticipated as a result.
To put it another way, when SC began selling its products through direct marketing, it could have targeted the same market as other established Brand players, anticipating similar returns for the products compared to what the other Brands would be earning from the same base of marketing audience, thus resorting to Strategic Equivalence, without imitating the same strategies to capture the market as in the case of the current players.
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from an operational perspective, yield management is least effective under which of the following circumstances? multiple choice demand is highly variable. demand can be segmented by customer. the product can be kept to be sold when demand is stronger. fixed costs are high, and variable costs are low. the product can be sold in advance.
The answer is the product can be kept to be sold when demand is stronger.
The situations of a particular state of affairs are the conditions that have an effect on what takes place.
A condition is a situation in which something happens. Say you had been at a commercial enterprise luncheon and also you were by accident fed psychedelic mushrooms on your ravioli, your boss may excuse the bizarre belongings you said, given the situation. circumstance comes from the Latin that means the conditions around something.
A scenario is a set of occasions in which one finds oneself. And a condition is a truth or circumstance linked with or relevant to an event or motion. To it seems that placed it, a scenario is an element it is occurring and the condition is the situation of that element.
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a company began its fiscal year with inventory of $202,000. purchases and cost of goods sold for the year were $961,000 and $995,000, respectively. what was the amount of ending inventory reported in the balance sheet?
$168,000 was the amount of ending inventory reported in the balance sheet.
Given, $202,000 was the initial inventory value at the start of the fiscal year. Total annual purchase = $961,000 and Cost of Goods Sold = $995,000 for the entire year.
Using the following formula, we can determine the amount of ending inventory: Inventory + Net Purchases - Cost of Goods Sold
$202,000 + $961,000 - $995,000 = $168,000 is the Ending inventory.
The amount of inventory a business has on hand at the end of its fiscal year is known as ending inventory. It has a strong connection to ending inventory cost, which is the sum of money spent acquiring these products for stock.
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your friend has decided to conduct market research to assist in making informed decisions for her/his small business. what should you recommend as the first step in the market research process?
Define the objective would be the first step in the market research process.
What is meant by market research ?
The practice of evaluating the viability of a new service or product through study done directly with potential consumers is known as market research, often known as "marketing research." Market research enables a business to identify the target market and obtain customer comments and other input on their interest in the good or service.
This kind of research can be carried out internally, by the business itself, or by an outside market research firm. Surveys, product testing, and focus groups are all viable methods. Typically, test volunteers receive free product samples or a modest stipend in exchange for their time. The creation of a new product or service requires extensive research and development (R&D).
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what type of employee badge does not have to be swiped by a card reader in order to allow the employee through a door?
RFID badge is a type of employee badge does not have to be swiped by a card reader in order to allow the employee through a door.
Dialoc ID RFID staff stations are useful electronic tools for library employees to convert, check-out, return, or renew library goods.
A RFID (Radio-Frequency Identification) key fob is a single component of an RFID system that consists of two components: a microchip for data storage and an antenna for receiving and transmitting data. ISO Cards of LF 125 KHz, often called as employee badges or hotel room cards, are widely used for access control and security purposes.
This is communicated to the program, which stores it. These technologies are also used to track inventories in retail environments. RFID tags are now embedded in ID cards, key fobs, and other timekeeping devices.
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At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of ____, which ____ producer surplus.
At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of imperfect price discrimination, which increases producer surplus.
In a business, price discrimination occurs when the producer of a product decides to set his own value or price for the product as a strategy to improve output from the product.
The producer surplus can be described as the revenue that is generated by a producer after selling his product.
Imperfect price discrimination can occur if a producer decides to lower the price of a product, as the toothpaste above, on the condition that a set quantity of the product is bought by the customer. As more product will be sold by this imperfect price discrimination, the producer surplus will increase.
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which of the following will most likely reduce the natural rate of unemployment? group of answer choices an increase in the minimum wage an increase in unemployment benefits an increase in the proportion of prime-age workers (35-54) as a share of the labor force an increase in the labor force participation rate of teenagers
Option 2. An increase in the minimum wage an increase in unemployment benefits would most likely reduce the natural rate of unemployment.
What is meant as the natural rate of unemployment?The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment. Many economists still differ, however, over the precise degree of unemployment that should be regarded as the natural rate of unemployment.
When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of the economy is unemployment.
The unemployment rate is the most often used indicator of unemployment. It is computed by dividing the total labor force by the number of jobless people.
Numerous governments provide unemployment insurance to certain unemployed people who meet the criteria. There fore the best solution to the question that we have is B.
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according to supply-side fiscal policy, reducing tax rates on wages and profits will: create demand-pull inflation. True or False
According to supply-side fiscal policy, reducing tax rates on wages and profits will: create demand-pull inflation. True
Fiscal policy is the use of authorities' spending and taxation to influence the economic system. Governments generally use financial coverage to sell robust and sustainable increases and reduce poverty.
The 2 foremost examples of expansionary fiscal policy are tax cuts and expanded government spending. each of those rules is meant to increase the aggregate call even as contributing to deficits or drawing down price range surpluses.
Fiscal policy is basically based totally on ideas from British economist John Maynard Keynes. Keynes argued that governments may want to stabilize the business cycle and adjust financial output in place of permitting markets properly themselves alone.
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alain is a sales representative for an established awnings manufacturer. business is good, but he is concerned that the company has spent little on new product development and has not created a new product in over five years. without new products, alain can market his current products only to his current customers or market the same products to similar customers. diversify. focus on concept testing. intensify his prototyping. expand his early adopter market segment.
Alain will market the same products to similar customers.
From the given information we know that the only choice that Alain has in the given case is to market the same product to similar customers. Alain doesn't have the power, knowledge, and capacity to diversify and prototyping. And also considering the fact that if there is no new product in the market there will be quite less chance that one can target a new market segment, and we know from the fact sales and marketing are the pillars of any business. Thus, we can conclude that the correct option is the last statement.
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games offer brands each of the following except: a. a targeted audience b. a low level of engagement c. a way to interact with brand fans d. low intrusion methods of promotion e. large reach
Games offer brands each of the following except a low level of engagement. So, the correct answer is option b.
A brand is a concept used in business and marketing to help consumers recognise a specific organisation, item, or person. As a result of their intangibility, brands cannot be physically touched or seen.
They so assist in influencing how people view organisations, their goods, or particular people. Brands frequently employ distinguishing characteristics to build their identities in the marketplace. They offer the business or person great value, giving them an advantage over rivals in the same industry.
As a result, numerous organisations apply for trademarks to protect their businesses legally. A brand is an intangible asset that aids in the identification of a particular business and its goods by consumers. This is especially true when businesses must differentiate themselves from rivals that offer comparable products online.
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