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MGT 103 (Bates) Final Exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions $13.48   Add to cart

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MGT 103 (Bates) Final Exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

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MGT 103 (Bates) Final Exam | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

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  • August 7, 2024
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MGT 103 (Bates) Final Exam | Questions & Answers (100 %Score) Latest Updated
2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions


Public service announcements (PSAs) - Nonprofit orgs - free space or time donated by the media



High-visibility individuals - Create visibility for their companies, products, and themselves



Increasing the Value of Promotion - Building long-term relationships



Technology - Facilitate development of new promotional methods



Self-regulation - Imposing standards that reflect the values of society on promotional activities



Effective self-regulation - Making sound ethical judgments about the use of promotional practices



Targeting children/elderly - Marketing efforts aimed at children or elderly individuals



Marketing Channel of Distribution - Individuals and firms involved in making a product or service
available for use or consumption



Flow of products and services - From producer, through intermediaries, to buyer



Important functions performed by intermediaries - Transactional, logistical, facilitating



Consumer Benefits - Time, place, form, possession utility



Types of Intermediaries - Middleman, agent/broker, wholesaler, retailer, distributor, dealer



Marketing Channels for Consumer Products and Services - Producer -> wholesaler -> retailer ->
consumer

, Direct channel - Producer -> consumer



Indirect channel - Producer -> retailer -> consumer



Marketing Channels for Business Products and Services - Producer -> industrial user



Direct channel for business products and services - Producer -> industrial user



Indirect channel for business products and services - Producer -> industrial distributor -> industrial user



Digital marketing channels - Combine electronic and traditional intermediaries to create utility for
buyers



Direct to consumer and multichannel marketing - Allow consumers to buy products through various
media without face-to-face interaction



Dual Distribution - Employing multiple types of channels for the same product



Strategic channel alliances - Using one firm's marketing channel to sell another firm's products



Vertical Marketing Systems - Professionally managed and coordinated marketing channels



Corporate systems - Combination of production and distribution under single ownership



Contractual systems - Independent firms integrate efforts on a contractual basis



Administered systems - Coordination through size and influence of one channel member

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