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What is transaction demand?
Transaction demand is the money needed by a person or company for their needs. It can tract the demands of an economy, with high demand as indicator for good economy.
What role does needs and wants play in the free enterprise?
supply and demand
What are some examples of the following types of product demand -- NEGATIVE NO LATENT FALLING IRREGULAR FULL OVERFULL?
ANSWERNegative Demand: The marketer will need to focus on a very creative process to create the demand for the product/service. If the product/service is unknown then a major PR campaign to introduce the new service/product should be implemented into the marketing strategy and focus from that aspect until demands reach an adequate level. The marketer will want to focus on the functionality of the new product/service and display the benefits to the new market. New distribution channels will need to be created, founded, or forged. Promotion trial offers may need introduction for product/service release.If the product/service is in in negative demand because of the misfortune of defamation, the marketer will need to create a healing PR campaign to bring demand levels back up. Many press conferences and interviews will need to be implemented into the PR campaign. Free promotional offers should be considered to regain trust and rebuild brand integrity.No Demand: The marketer will need to focus again on a PR campaign as well as find suitable industry friendly distribution channels for market delivery. Heavy media advertising will need to be used to differentiate the product/services from the others and introduce the new brand into the market.Falling Demand: The marketer will either need to work together with product/service development to revamp the service/product and/or revamp it's advertising campaign(s). In the campaign(s) strategize on newer logos, slogans, mascots, and social status. Change market demographic focus or deep mine the current demographic data. Create in-house surveys on service/product to enhance product development and change advertising direction. Strategize new PR campaign. Create promotion offers.Latent Demand: Marketer needs to focus heavily on demographics and create advertising in accordance with the appeal of the demographic market that was researched. PR campaign should be heavily focused in direction of suitable media channels for appropriate targeting. Societal campaigns should be implemented through sponsorship, trade shows, and commercials. Analyze the possible need for promotions based on pricing. Brand should be heavily analyzed for predicted performance and impact.Falling Demand: Start adding promotions to advertising campaigns. Conduct extensive in-house surveys in customer base. Find the problem points in survey data and extensively advertise the improvements made when implemented through media and PR. Change appearance of product ads and add new usability of the products/services in advertising. Irregular Demand: Conduct extensive market research into company sales and consumer behavior surrounding all products/services for all companies external and internal. Conclude on seasons and days of falling demands if appropriate and tie in promotions to advertising for particular demand falls. Reevaluate target markets and find more viable markets to add or replace current ones. Focus on brand perception identity and conduct or study surveys of consumer behaviors in relation to your product/services. Study quarterly portfolios of your competition as well.Full Demand: Focus more on product/service value in advertising campaigns while readjusting the pricing. Elevate market focus to investors. Create major investor PR campaign.Overfull Demand: Begin eternal conferencing with CEO and VP. Discuss growing manufacturer channels to alleviate the overall corporate strain. Explain that the marketer's need to better focus marketing efforts and revenue growth for the company relies on the delivery of supply. Ween off advertising campaigns and focus on internal data mining and data combining for future analysis and marketing use.
What do you need to determine market demand?
To determine market demand, one needs to do a lot of research. This includes studying statistics of past trends and sales. It also includes conducting survey of the population to see the level of demand for a product.
What is the economics system that rewards firms for their ability to perceive and serve the needs and demand of consumers?
Private Enterprise
Why should a foreign marketer be concerned with the study of culture?
A foreign marketer needs to know the wants and needs of the culture that he is marketing to. By learning about their culture, a foreign marketer will design campaigns that target the right population.
What is different between supply and demand?
Demand is the pressure that we put on the environment is order to meet our needs and wants but Supply is the resources that are taken from the environment.
Bypass the crankshaft positon sensor on dodge Dakota?
You can't. The engine's control unit needs it to differentiate between spark and fuel injection events.
Does marketing create or satisfy needs on disagreement?
AS a marketer company can not create people needs because needs are the state of felt deprivation but it can identify customer needs and create value for them. for further detailed: alam6699@yahoo.com
What is the difference between physiological and psychological needs?
Physiological needs deal with what the body needs in order to function efficiently. Psychological needs deal with what a person needs to mentally feel good.
What is consumer needs?
Consumer needs are what drives a demand for products.
What is an example for demand?
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
What is an example for derived demand?
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
What is flexible budget?
Fixed or Static buget is for a particular activity level. Flexible budget is for a range of activity level. Differentiate between Fixed and Flexible budget ? Needs a complete answer.
What are difference betweenRADIO drama and Television drama?
Radio drama needs to be more descriptive - as the listeners cannot actually see what the actors are doing.
The difference between wants and demands?
A want is a good or service desired by a consumer that is not required to sustain life. This is as opposed to a need, which is a good or service required to sustain life. Most of the goods and services desired by modern-day consumers are classified as wants, as the only needs of most consumers are food, water, clothing and shelter.Demand is the quantity of a good or service that a consumer(s) is willing and able to buy at a range of prices. If a consumer is willing and able to purchase a need/want, they are considered to have demand for that need/want.
What are the need for demand?
with help of biotechnology we can fulfill the needs of humanbeins so there is a huge demand
