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Describe a consumer product that you think is particularly vulnerable to substitution if you were a marketer for that product what steps must you take to defend your product's position?
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∙ 12y ago
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Wiki User
∙ 12y ago
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Describe the interrelationship between consumer behaviour and the marketing concept?
Describe the interrelationship between consumer behaviour and the marketing concept
Briefly describe consumer behavior's role in marketing strategy?
briefly describe their behavior
Define consumer behaviour and describe its relation in purchase decision making?
word document
Describe what is meant by a business being consumer led?
In my point of view id the way which is taken by company to lead consumer toward its product and it can be reachable through the brand which is the best way providing that your product bring value for your consumer.
Briefly describe the three basic approaches to the study of consumer behavior which is best?
1.commodity approach
Why is dynamic pricing online vulnerable to consumer backlash?
The dynamic pricing online is vulnerable to consumer backlash because of the high risks involved.
An article on income effect and substitution effect?
chnage in consumer's equilbrium due to change in income of the consumer..known as income effect.
At the point of consumer equilibrium the slope of the budget line is equal to the?
Marginal rate of substitution
Describe the interrelationship between consumer behaviour and the marketing concept?
Describe the interrelationship between consumer behaviour and the marketing concept
When a reduction in the price of a good allows a consumer to purchase more of all goods this effect is called the?
Substitution effect
Why the marginal rate of substitution between two goods must equal the ratio of prices of the goods for the consumer to achieve maximum satisfaction?
the marginal rate of substitution is equal to the ratio of the goods' margial utilities when satisfaction is maximized
Describe the meaning of utility in economics and explain why it is different from on consumer to another?
Describe the meaning of utility in economics and explain why it is different from one consumer to another.
A change in the quantity demanded of a consumer good that results from a change in its relative expensiveness caused by a change in the products price?
substitution effect
Briefly describe consumer behavior's role in marketing strategy?
briefly describe their behavior
What three consumer goods are considered to be particularly good indicators of development?
no
What are three terms to describe organisms such as birds in a ecosystem?
A cow can be described as a primary consumer, a herbivore or just a consumer.
Can you describe a food chain with at least three links what is the producer what is the primary consumer what is the secondary consumer?
Tell me
