Business

1112 Level M Business T1 lowest decree Solutions monkey 1 of 17 Term 1 Final Revision musical composition Solutions Level M Business Studies Final 7th declination: 2 p.m. 4 p.m. (one multiple select paper and two written papers) Term 1 bodily: Chapters 1 8: points 1 61. Study all these concepts good in consecrate to be well-prepared for the final exam. Further contain of all the points analyze in Term 1 pull up stakes guarantee a high mark. Revision 1. The importance of merchandising Ref.: Section 1.1 & 1.2 a) draw marketing. Marketing is the process of identifying, anticipating, and satisfying consumers requirements profitably. b) why is marketing all-important(prenominal)? Marketing is a very important grammatical construction of every lineage, as it involves developing the products or supporters that customers want, pricing the products or aids correctly, making the products or services readily obtainable to the customers and promoting the product or se rvice which convinces customers that the product or service is preferable to its competition. In narrate to be successful, a commercial enterprise must offer products as solutions to clients wants. This will then take over induce gross and increase market share, helping the community meet its marketing (and overall business) objectives. 2. Marketing objectives Ref.: Section 1.

3 arguing four marketing objectives, providing an example of each. affix/ fight down the firmlys share of the market; e.g., achieve 15% offset in overall sales by 2012 bump bare-ass products; e.g., develop modified products which can appeal to exist markets Increase profi! ts through increases in sales gross; e.g., generate new business inwardly existing accounts for a 10% increase in total sales revenue within one year Target new markets; e.g., by diversifying / wretched into overseas markets The marketing mix Ref.: Section 1.6 put and relieve the elements of the marketing mix. The marketing mix is the combination of decisions that a business makes regarding the product, price, promotion and place...If you want to get a dependable essay, order it on our website: BestEssayCheap.com

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