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Question | Answer |
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What is distribution | distribution involves determining the best way to get a company's products and services to customers |
what is marketing info management | gathering and using information about customers to improve business decision making |
what is pricing | the process of establishing and communicating to customers the value or costs of goods and services. |
what is product service management | designing, developing, maintaining, improving and acquiring products or services to meet customer needs |
what is promotion | using a variety of communication forms, including advertising, to distribute information about products, services, images and ideas to achieve a desired outcome. |
what is selling | any direct and personal communication with customers to assess and satisfy their needs. |
what goes into distribution | overseeing the movement of goods from supplier or manufacturer to point of sale. It is an overarching term that refers to multiple activities and processes such as packaging, inventory, warehousing, supply chain. |
what is discretionary income | the amount of money people have available to spend after paying for necessities |
How do you satisfy customer needs | identify your customer and their needs develop superior products operate your business profitably |
what is marketing | the creation and maintenance of satisfying exchange relationships |