As part of the marketing mix, promotion includes all activities that involve communicating with the customer about the product and its benefits and features.
Once a company has worked on the product and price elements, it is time to start a conversation with the consumer about the product.
What is meant by brand equity
Brand equity is a marketing term that describes a brand’s value. That value is determined by consumer perception of and experiences with the brand.
If people think highly of a brand, it has positive brand equity.
What is a brand promise
A brand promise is a value or experience a company’s customers can expect to receive every single time they interact with that company.
The more a company can deliver on that promise, the stronger the brand value in the mind of customers and employees.
Which of the 4 Ps includes channel of distribution
The third P of marketing is about where you will sell your product or service.
This encompasses both your distribution channels and your place in the market. Your distribution channels are the avenues through which you reach your target market.
What are the five conditions that must be satisfied for any kind of exchange to take place
There must be at least two parties, each party has something that might be of value to the other party, each party is capable of communication and delivery, each party is free to accept or reject the exchange offer, each party believes it is appropriate or desirable to deal with the other party.
Which type of leader involves team members in the decision making process and uses brainstorming as a way for employees to express their ideas
Democratic Leadership involves not only the leaders but also their employees in every decision-making process.
Even though the leaders give the final word- team members participate equally during brainstorming and find a solution to a problem.
Thus, it is also called participative or shared leadership.
What are the 5 P of success
There are five basic tools that all goal setters should equip themselves with to increase their odds of success: Passion, Persistence, Planning, People and Positivity.
What does the 5 P’s mean
The 5 P’s of marketing – Product, Price, Promotion, Place, and People – are a framework that helps guide marketing strategies and keep marketers focused on the right things.
What is a characteristic of a need
What is a characteristic of a need? A need is something you cannot live without, such as water.
Which of the following is a major spending category of the federal government quizlet
At the present time, Social Security is the federal government’s largest category of spending.
How do you write 7Ps
The 7Ps of Marketing is the Price, Place, Promotion, Product, People, Process and finally, Physical Evidence.
It originally started as 4 Ps, but as the world, and the complexities of marketing grew; 3 more were added to formulate an effective marketing strategy.
What 4Ps means
The Pantawid Pamilyang Pilipino Program (4Ps) is a human development measure of the national government that provides conditional cash grants to the poorest of the poor, to improve the health, nutrition, and the education of children aged 0-18.
Which of the 4Ps is most important
It is your product idea, the product you have conceived. It is the starting point of all thought process, hence the most important of all Ps.
Sources
https://terakeet.com/blog/4-ps-of-marketing/
https://www.shopify.com/encyclopedia/brand-equity
https://homework.study.com/explanation/which-of-the-following-is-true-a-the-product-p-in-the-marketing-mix-stands-for-only-tangible-merchandise-b-the-product-p-in-the-marketing-mix-stands-for-only-physical-goods-c-the-product-p-in-the-marketing-mix-stands-for-both-physical-goods-and-tang.html
https://blog.udemy.com/service-marketing-mix/
