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A product
A product

... Market Structure and Demand: Fewer, larger buyers,  geographically concentrated, demand derived from consumers, Inelastic demand, fluctuating demand. Nature of the Buying Unit: More buyers, More  professional purchasing effort. Types of Decisions & the Decision Process: More  complex decisions, P ...
Marketing Management
Marketing Management

... (a) Equity curve (b) Experience curve (c) Marginal curve (d) Utility curve (e) Incremental curve. Page 2 of 24 7. Retailing is a business activity that involves selling product/services to customers for their non-commercial, individual or family use. Which of the following statements is/are true reg ...
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Onene---tototo--One ne - Integrated Enterprise Solutions Ltd.

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MT 219 Marketing Seminar
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... • This is a term we will reference throughout the course. • Figure 1.1 in your e-book has a fantastic diagram that shows the importance of the marketing mix as a component of marketing. • The marketing mix includes 4 elements/activities of marketing. These are sometimes referred to as the 4Ps of mar ...
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Retail



Retail is the process of selling consumer goods and/or services to customers through multiple channels of distribution to earn a profit. Demand is created through diverse target markets and promotional tactics, satisfying consumers' wants and needs through a lean supply chain. In the 2000s, an increasing amount of retailing is done online using electronic payment and delivery via a courier or postal mail.Retailing includes subordinated services, such as delivery. The term ""retailer"" is also applied where a service provider services the needs of a large number of individuals, such as for the public. Shops may be on residential streets, streets with few or no houses, or in a shopping mall. Shopping streets may be for pedestrians only. Sometimes a shopping street has a partial or full roof to protect customers from precipitation. Online retailing, a type of electronic commerce used for business-to-consumer (B2C) transactions and mail order, are forms of non-shop retailing.Shopping generally refers to the act of buying products. Sometimes this is done to obtain necessities such as food and clothing; sometimes it is done as a recreational activity. Recreational shopping often involves window shopping (just looking, not buying) and browsing and does not always result in a purchase.
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