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Consumers who are willing and able to purchase a product or service create an economic situation referred to as?
Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.
Name function of marketing?
Marketing is about optimising the forseen benefits of a product or service in order to be able to convince consumers to buy that product or service from the choice they have available.
Is the main concern of most consumers price of the product or service?
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How can one create a demand curve for a product or service?
To create a demand curve for a product or service, one must analyze the relationship between the price of the product or service and the quantity demanded by consumers. By conducting market research, collecting data on consumer preferences, and observing how changes in price affect demand, a demand curve can be plotted to show the quantity of the product or service that consumers are willing to buy at different price points.
What is a product policy?
A product policy is a set of rules on how a product or service is promoted to consumers. A product policy would generally contain information about the product and how it would benefit the target audience.
What is the difference between producersconsmers?
Im guessing you mean the difference between producers and consumers. Producers make a product or give a service, and consumers purchase, a service or product.
How does the performance of a product or service impact the level of trust consumers have in it?
The performance of a product or service directly affects the level of trust consumers have in it. When a product or service consistently meets or exceeds expectations, consumers are more likely to trust it. On the other hand, if a product or service fails to perform as promised, trust can be eroded. Ultimately, trust is built through positive experiences and reliable performance.
Consumers who are willing and able to purchase a product or service create an economic situation referred to as?
Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.
What are advertising appeals?
Advertising appeal is used to grasp the attention of consumers and to persuade consumers to purchase a service or product.
What does an advertisement have?
An advertisement contains information about a product or service that is available for purchase by consumers. It usually has: details about the product or service, where it is available and how much it costs.
How do advertising campaigns influence consumers?
Consumers choose a product/service because they see how this product/service solve their current problem, so inorder to capture this market make sure you listen to your market and understand what they really needs and wants. As soon as you know what they require, then you must be ready to support your product/service and present it in a way that it is your product/service that they have been looking for all along.
Name function of marketing?
Marketing is about optimising the forseen benefits of a product or service in order to be able to convince consumers to buy that product or service from the choice they have available.
Is the main concern of most consumers price of the product or service?
[object Object]
How can one create a demand curve for a product or service?
To create a demand curve for a product or service, one must analyze the relationship between the price of the product or service and the quantity demanded by consumers. By conducting market research, collecting data on consumer preferences, and observing how changes in price affect demand, a demand curve can be plotted to show the quantity of the product or service that consumers are willing to buy at different price points.
What is a promotion budget?
A budget used to promote a certain product or service, to get consumers to be interested and buy it.
What is a product policy?
A product policy is a set of rules on how a product or service is promoted to consumers. A product policy would generally contain information about the product and how it would benefit the target audience.
What are the potential consequences of a biased review on the credibility and reputation of a product or service?
A biased review can harm the credibility and reputation of a product or service by misleading consumers, damaging trust, and impacting sales.
