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larisa86 [58]
2 years ago
11

Lee is the product manager for a software program sold by Company ABC. In evaluating the product, Lee determines that something

just isn’t right with how the software program is marketed to potential customers, and he feels a change is necessary. Which of the following marketing mix variables is easiest for Lee to change?
Business
1 answer:
dezoksy [38]2 years ago
8 0

Answer:

Explanation: The marketing mix consists of a number of factors that a producer usually exploits in order to influence consumers to purchase his/her products and services.

The marketing mix consists of:

- Product

- Price

- Place

- Promotion.

The above are usually called the 4Ps of marketing.

Of the four factors of the marketing mix, the factor that will the easiest for Lee to change will be the price.

This is because, often times, the price of a product or service will be the major determinant in the success of said commodity, and this is due to the fact that customers will compare the product being offered with its price in order to judge whether the product is worthy of the value placed on it.

Therefore, in order for Lee to influence the potential customers to make purchases, the price of the software program will be the easiest to be reviewed, and it should be set to a level where potential customers will be influenced to exchange their money for the software program.

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vfiekz [6]

Answer:

The correct answer is the option D: share information to find a mutual solution.

Explanation:

To begin with, the concept known as "Supplier Satisfaction" has long been a dead term for many companies in all the industries, however very recently the acquisition of this method has been implemeted in order to increase the benefits that it brings to understand better the relationship with the costumer. Moreover, the model itself seeks for the proper creation of a high quality relationship established in communication between the costumer and the supplier who is able to make a confortable sale and create and environment suitable for the buyer. That is why that the correct action will be to share information in order to find a mutual solution in the case where the situation is in that desirable region of the matrix.

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1 year ago
Reece has decided to start his own brewery. To purchase the necessary equipment, Reece withdrew $20,000 from his savings account
KengaRu [80]

Answer:

The opportunity cost is the income earned from her balance on savings account at the interest rate of 3% per year that Reece would received if she had not opened her owned brewery business. This opportunity cost is $600 per year.

Explanation:

Please find the below for further explanation and calculations:

The opportunity cost per one year = Income earned on saving account per one year = 20,000 x 3% = $600;

The reason why it is an opportunity cost is because as a result of opening brewery business, Reece sacrifices the income earned on this saving, instead, she contributes the saving fund to her brewery business.

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THE PURPOSE OF JOB LEAD SOURCE LIST IS TO AID RECORD OF ALL THE JOB LEADS YOU FIND WHICH INVOLVES CONTACT INFORMATION AND A PLAN OF ACTION FOR THE RIGHT USAGE OF THE JOB LEAD.

A PROSPECTIVE EMPLOYER RECORD  IS GREAT HELP IN USING THE COLLECTED ADDITIONAL DATA ABOUT A JOB LEAD,USING THE JOB LEAD SOURCE LIST.IT INVOLVES INFORMATION RELATED TO HIRING STATUS OF  EVER JOB LEADS, JOB POTENTIAL AND FOLLOW-UP METHODS.

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The stardard procedure for introducing a higher price especially for new products is to include it after sharing the advantages of the new product.

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The pricing should come at a later stage after which most of the information have been shared and not at the begining otherwise , it will scare intending buyers away due to its high price coupled with the fact that there exist similar product for other brand with lower prices in the market.

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