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Explain why elasticity of demand is such an important concept to marketers who sell a commodity product?

Elasticity of demand is important to marketers because it helps them know the optimal price for the product. When a product is priced too high, the consumers may opt for a competitor's product.


What was the ancient israelites' lifestyle?

It was important


How do marketers create wants?

marketers can create wants ? support your ans


What is the ratio of marketers to engineers at the conference if there are 42 marketers and 18 engineers?

E


When was All Marketers Are Liars created?

All Marketers Are Liars was created in 2005.


Why is knowledge of demographics important to marketers?

Knowledge of demographics helps marketers better understand their target audience, enabling them to tailor their products, services, and marketing strategies to meet the specific needs and preferences of different consumer groups. This allows marketers to create more effective and targeted campaigns that resonate with their intended audience, leading to higher levels of engagement and conversion. Understanding demographics also helps marketers identify emerging trends and opportunities in the market.


Which type of customer do business marketers NOT serve?

which type of customers do business marketers not service


How many pages does All Marketers Are Liars have?

All Marketers Are Liars has 186 pages.


Do marketers have the ability to control your desires?

No, marketers don't have the ability to control the emotions and feelings of people.


What are the vals categories of lifestyle?

VALS (Values and Lifestyles) is a psychographic segmentation tool that categorizes individuals into eight groups based on their attitudes, values, and lifestyle preferences. The categories are Innovators, Thinkers, Believers, Achievers, Strivers, Experiencers, Makers, and Survivors. These groups help marketers understand consumer motivations and tailor their messaging and products accordingly.


How does a service benefit marketers?

a service can benefit marketers very much because it give the marketers the customer loyalty,customer retention,customer satisfaction ans so on and so fourth.


Why mantain a healthy lifestyle?

It is very important to maintain a healthy lifestyle. This will ensure that the body functions properly and you will not have frequent health problems.