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entrep m4-1

entrep mfour

QuestionAnswer
An essential component of any successful business strategy. MARKETING
it involves identifying customer needs and wants, developing products and services that meet those needs, and promoting them effectively to potential customers. MARKETING
help businesses stand out from their competitors, build strong relationships with customers, and increase sales and profitability. EFFECTIVE MAKRETING
Businesses can develop products and services that meet those needs and offer unique value propositions that set them apart from their competitors. True
is the process of identifying, anticipating, and satisfying customer needs and wants through the creation, promotion, and distribution of products and services MARKETING
intends to divide the entire market according to its characteristics and identify a market niche. MARKET SEGMENTATION
The research that determines how your organization divides its customers or cohort into smaller groups based on characteristics such as, age, income, personality traits or behavior. True
“neglected part of the market.” MARKET NICHE
Determination of rates for transportation destinations Sending express mails and packages GEOGRAPHIC SEGMENTATION
Divides markets by behaviors and decision-making patterns such as purchase, consumption, lifestyle, and usage. BEHAVIORAL SEGMENTATION
Dividing the target markets according to geographical units or distribution GEOGRAPHIC SEGMENTATION
Takes into account the psychological aspects of consumer behavior by dividing markets according to lifestyle, personality traits, values, opinions, and interests of consumers PSYCHOGRAPHIC SEGMENTATION
P’S OF MARKETING PEOPLE PRODUCT PRICE PLACEMENT PROMOTION
The heart of marketing PEOPLE
A bundle of attributes and benefits designed to be offered to buyers to satisfy their needs, wants and demands PRODUCT
The actual amount of money tendered by customers before acquiring a product. PRICE
Bring products forward to customers and consumers. PLACEMENT
Communicate the product to customers PROMOTION
Form of promotion that heavily relies on promotional gimmick and Point-of-Purchase attractions and incentives for buyers. SALES
A form of promotion designed to use the TRIMP formula – Television, Radio, Internet, Mobile (or cellular phones) and Print media. ADVERTISING
Created by: lessuy
 

 



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