answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What does it mean when an organization is creaming the client population in both the for-profit and the non-profit services?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Marketing

What does Creaming the market mean?

Creaming the market is when a firm or business may charge a very high price for a certain product. The firm will continue to charge a very high price until rival products appear.


Pls explain in details the 4ps of marketing?

PRODUCTThe business has to produce a product that people want to buy. They have to decide which 'market segment' they are aiming at - age, income, geographical location etc. They then have to differentiate their product so that it is slightly different from what is on offer at present so that people can be persuaded to 'give them a try'.PROMOTIONCustomers have to be made aware of the product. The two main considerations are target market and cost. A new business will not be able to afford to advertise on national television, for instance and would not wish to because its market will be local to start with. Leaflets, billboards, advertisements in local newspapers, Yellow Pages and 'word of mouth' would be more appropriate.PRICEThe price must be high enough to cover costs and make a profit but low enough to attract customers. There are a number of possible pricing strategies. The most commonly used are:PENETRATION PRICING - charging a low price, possibly not quite covering costs, to gain a position in the market. This is quite popular with new businesses trying to get a 'toehold'.CREAMING - the opposite to penetration pricing, this involves charging a deliberately high price to persuade people that the product is of high quality. Luxury car makers often use this strategyCOST PLUS PRICING - this is the most common form of pricing. Costs are totalled and a margin is added on for profit to make the total price.PLACEThe business must have a location that it can afford, and that is convenient and suitable for customers and any supplier.


Related questions

What is beating fat and sugar together to incorporate air called?

creaming


What is the function of margarine?

It is good when you are creaming it with sugar


What is the method of combining sugar and margarine?

creaming


The meaning of girls creaming?

Making them wet and orgasm.


Two advantages and disadvantages of creaming method?

useful


What is creaming in baking?

the definition of creaming in baking is mixing together butter, margarine, or someohter solid fat with sugar until they are well mized making a soft consistency


What is the effect of creaming on cookie dough after it is bAKED?

Proper creaming of the cookie dough determines its final texture and the amount it spreads during baking. When thoroughly creamed, granulated sugar begins to dissolve and fat is properly aerated. Thoroughly creamed sugar and fat produce a cookie with maximum spread. When less spread is desired, less creaming is recommended. Too much creaming produces a cookie that crumbles easily.


Does it matter what type of beaters you use when creaming?

No, it doesn't. The only point of creaming is to get the sugar to start dissolving in the butter or shortening. Even a spoon will work but it takes a bit longer.


How much sugar is in creaming soda?

approximately 8 teaspoons


What is to mix or beat until soft creamy and smooth with an electric mixer?

That is more a statement than a question, but that technique is referred to as "creaming" such as..."creaming" butter and sugar as when making cookies.


What is the process of beating fat and sugar together to incorporate air?

Creaming


Do you add milk in the creaming method of making a cake?

Often you do, yes.