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Describe the inelastic demand and fluctuating demand in business market and the consumer market.
Inelastic Demand:
The demand for several business goods and services is inelastic, implies fluctuations into prices of product will not considerably affect the demand for product within business market. This demand means a change within price will cause an opposite change into demand within consumer market.
Fluctuating Demand:
The demand for several business good and services targets to be additionally volatile than the demand for consumer and goods services.
Personal selling process: the personal selling process is a logical sequence of steps that a sales person takes in dealing with a prospective customer. The approach of selling me
the implementation of the marketing mix
Question 1: "Various factors have created a need for businesses to move from a Traditional Marketing approach to a Relationship Marketing one." (a) Describe this statement.
concepts of core market?
how is rapid globalisation a challenge in the 21st century.
Suppose the US and Mexico both produce semiconductors and auto parts and the US has a comparative advantage in semiconductors while Mexico has a comparative advantage in auto parts
The Product Concept The product concept states that consumers will favour products that offer the best quality, performance, and features, and therefore the organization shoul
Message Control Control over the message is essential to ensure that intended message is transmitted to and received by the target audience. Moreover, this message should be c
Explain about the measuring of retaining customers. The measure of retaining customers is given below: Cost of losing a Customer: Attracting customers is of no employ unle
is product a yype of service
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