Explain role of supply and demand in determining price

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Reference no: EM132186396

1. Explain the role of supply and demand in determining price.

2. What is the difference between a price strategy and a price tactic? Give an example.

3. What are the three basic defenses that a seller can use if accused under the Robinson-Patman Act?

4. Briefly explain the concept of a customer-centric focus. Why is this so important in a customer relationship management process?

5. Identify the six components of the CRM process.

6. Which social media tools do you think are the most useful for most businesses? Why?

7. What are some ways that social media has changed your daily life? What can marketers take advantage of for their promotional purposes?

Reference no: EM132186396

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