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Think of 2-3 products you recently purchased. In each segmentation scheme, to which segment do you feel you belong? How would marketing be more or less effective for you depending on the segment? Reflect the 5 major segmentation variables marketers use for consumer markets. How would you contrast demographic and behavioral segment schemes? Which one(s) do you think would be most effective for marketers trying to sell to you?
MARKETING MANGEMENT CLASS
Identify the external product development strategies; describe each in a sentence or two. What is a poka-yoke? Give an example. What is the difference between natural and assignable causes of variation?
Authors have argued for that there has been a paradigm shift from the (traditional) transaction marketing paradigm containing concepts such as e.g. the marketing mix - to a relationship marketing paradigm. What does this mean? How do these paradigms ..
If the state of California and the federal government both passed laws or regulations related to the sale of video games, which would prevail and why? Discuss the relationship between the states and the federal government, and which has priority. Ana..
A company has tool cribs where workmen draw parts. Two men have applied for the position of distributing parts to the workmen. George Fuller is fresh out of trade school and expects a $6 per hour salary. His average service time is 4 minutes. What is..
Fabfour Products Inc. receives kits of parts from a supplier. Each kit contains all of the small parts required for an assembly. The kits are boxed in quantities of 50, and boxes are delivered directly to point of use racks in the assembly area. Each..
Determine the upper bound on the difference in their monthly compensations that would justify hiring X rather than Y.
Consider a traditional manufacturing company that wanted to build a social business strategy. What might be a reasonable business strategy, and how would organizational and IS strategy need to change? How would this differ for a restaurant chain? A c..
Generally, do advertisements constitute offers? If not an offer, how is the advertisement to be classified? If an advertisement is set forth for an auction without reserve, may a seller revoke an offer once a bid has been made?
The Smooth Chin Device Company is a manufacturer of high-end electric razors. These razors are produced using a machine-paced process. For each razor, a tray with components enters the process at the beginning of a conveyor belt. ..
Are the same principles involved in both these questions? Explain
Orange Company makes computers. The company’s ad states that “if you aren’t eatin’ an Orange, you aren’t gettin’ any ‘C.’ ” The Federal Trade Commission would consider this ad What is the answer? false and misleading. impermissibly vague and general..
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $13 each or to produce them in-house. Either of two processes could be used for in-house production;
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