4 ps of marketing - Study guides, Class notes & Summaries

MFT: MBA QUESTIONS AND ANSWERS ALREADY PASSED The focal point of all marketing activities is customers The marketing mix is known by what other name? the four Ps Goods, services, or ideas offered in the exchange with customers are dealt with under the _____ category of the marketing mix product Making the product available to the customer in the right quantities and locations when the customer wants them is the definition for which of these marketing mix variable? place Many ...

GEB1011 FINAL EXAM QUESTIONS AND REVISED ANSWERS (ALL ARE CORRECT) What is marketing? - Answer- Organizational function and set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders Describe the evolution of marketing concept - Answer- -Production - Sales - Marketing - Social Describe the categories of nontraditional marketing - Answer- - Cause marketing - Place mar...

MARK 3321 Test 1 Review Ch 1-5 Latest Update Graded A+ Define Marketing: The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large The goal of marketing is: to create exchanges What activities are used to achieve exchanges? Price Product Place Promotion (the 4 Ps) Define exchange: People giving up something to receive something they would rather have. ...

Define Marketing: - The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large The goal of marketing is: - to create exchanges What activities are used to achieve exchanges? - Price Product Place Promotion (the 4 Ps) Define exchange: - People giving up something to receive something they would rather have. What are the conditions necessary for exchange? - At least...

BADM 535 Exam 1 Study Guide with 100%Verified Answers. Marketing Management Exam 1 Study Guide The task of any business is to ________. A) create customer needs B) differentiate in terms of cost of production C) deliver customer value at a profit D) reduce competition E) communicate similar value as provided by competitors Page: 33 C 2 What is the traditional view of marketing? A) Firms should just focus on production because if the products are good then they will automatically se...

What is the #1 reason for new product failure? - ANS Weak value proposition and/or differentiation What are other reasons for new product failure? - ANS Insufficient up-front homework, lack of customer input, scope creep, functional silos, lack of focus, lack of competency What are the four "Ps" of Marketing? - ANS Product, Price, Place, Promotion What is Promotion? - ANS How to market the product What is Place? - ANS Channel we sell product to customers on ...

UCF MAR 3023 Exam 1 Review Latest Update Graded A+ Marketing An organizational function and a set of processes for creating, capturing, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. Marketing Plan A written document composed of an analysis of the current marketing situation, opportunities and threats for the firm, marketing objectives and strategy specified in terms of the four Ps,...

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

MARKETING 3410Marketing Big Picture - correct answer To create value and satisfaction for customers and capture value in return. To retain long term, profitable relationships Marketing Process - correct answer Understand needs and wants Customer driven strategy Marketing program (4 Ps) Build relationships Create profits + cust. equity Define Marketing - correct answer Social and managerial process by which individuals and organizations obtain what they need and want through crea...

MARK3000 EXAM 1 Grantham Ch 1, 4,5,6,9 | Latest Update | 2024/2025 | Graded A+ What is the significance of brand equity in marketing? It represents the value a brand adds to a product or service through customer perception and loyalty. How does a marketing mix differ from a marketing strategy? The marketing mix consists of the 4 Ps (product, price, place, promotion), while the marketing strategy encompasses the overall plan to achieve marketing goals. What is the role of a cus...