Busml 3250 exam Study guides, Class notes & Summaries

BUSML 3250 Exam 3 Latest Update Already Passed product a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value good has tangible attributes that a consumer's five senses can perceive nondurable good an item consumed in one or a few uses, such as food products and fuel durable good a good that usually lasts over many uses, such as appliances, cars, and ...

BUSML 3250 Exam 2 Latest Update Graded A+ CROPing "CRedible OPinions" Activately seeking out information and postponing a purchase decision until all options have been evaluated. Consumer Behavior the actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions Purchase decision process the stages a buyer passes through in making choices about which products or services to buy. Five st...

BUSML 3250 Exam 3 Latest 2024 Graded A+ Marketing Channel consists of individuals and firms involved in the process of making a product or service available for use or consumption by consumers or industrial users Agent or Broker any intermediary with legal authority to act on behalf of the manufacturer Wholesaler an intermediary who sells to other intermediaries, usually to retailers; term usually applies to consumer markets Transactional Functions Buying: Purchasing products fo...

BUSML 3250 Exam 2 Questions and Answers 100% Pass What makes a good segmentation? ISASDA Identifiable Substantial Accessible Stable Differentiable Actionable What are the different tpyes of segmentation? Geographic - country, city, neighborhood Demographic - age, gender, income, race Psychological - interests, activities, values, goals Behavioral - purchasing habits, customer loyalty What factors should you consider when choosing a target Market Size Expected Growth Comp...

BUSML 3250 Exam 1 Questions and Answers with Verified Solutions What is marketing? The process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return Marketing Process 1st 4 steps create value for customers, last step captures value from customers Understand marketplace and customer needs and wants Design a customer-driven marketing strategy Construct an integrated marketing program that delivers superi...

product - a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value good - has tangible attributes that a consumer's five senses can perceive nondurable good - an item consumed in one or a few uses, such as food products and fuel durable good - a good that usually lasts over many uses, such as appliances, cars, and smartphones

CROPing - "CRedible OPinions" Activately seeking out information and postponing a purchase decision until all options have been evaluated. Consumer Behavior - the actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions Purchase decision process - the stages a buyer passes through in making choices about which products or services to buy. Five stages: 1) Problem Recognition 2) Information Se...

What is marketing? - The process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return Marketing Process - 1st 4 steps create value for customers, last step captures value from customers Understand marketplace and customer needs and wants Design a customer-driven marketing strategy Construct an integrated marketing program that delivers superior value Build profitable relationships and create customer delig...

BUSML 3250 Exam 1 With 100% Correct Answers In addition to selling food, drink, and a variety of items that feature its popular logo, Eskimo Joe's offers its customers a valuable experience, known as its ______________. A. Needs B. Market offering C. Demands D. Wants E. Marketing myopia - answermarket offering The owners of Eskimo Joe's understand the customers' needs and wants by sensing and responding to those needs, indicating that Eskimo Joe's assumes which philosophy? A....

Marketing Channel - consists of individuals and firms involved in the process of making a product or service available for use or consumption by consumers or industrial users Agent or Broker - any intermediary with legal authority to act on behalf of the manufacturer Wholesaler - an intermediary who sells to other intermediaries, usually to retailers; term usually applies to consumer markets