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Q1. Pick a recent purchase you have made. Identify the four Ps of the marketing mix as they relate to your purchase. Illustrate what does each of the four Ps involve also Explain how did the marketer of which product you purchased direct each of those four elements of the marketing mix to influence your purchase?
Q2. Illustrate what are some of the benefits also costs which contribute to your customer value from each of the subsequent products: a wristwatch, a weight-loss diet, a cruise on a luxury liner also a checking account from a bank?
Business firm that holds a global monopoly on a particular product but is currently selling the product only in its domestic market where its profits are substantial.
Explain how many ships should be produced month if world chip costs are $62 per chips. Forecast the HSE's profit at this output level.
If there is a 10% decline in the cost of women's fur coats and a 25% increase in quantity demanded Illustrate what is the elasticity.
Insurance agents receive a commission on the policies they sell.
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
The advent of personal computers also word processing software which eliminated the market for electric typewriters would be an example
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
Illustrate what is the marginal cost of one of the 50 newspapers folded also bagged by the fourth student.
Elucidate the role of differentiation in the market for pizza. Then apply the feedback critique to the role of differentiation in the industry.
Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.
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