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Chapter 2
Chapter 2

... the present year’s sales. The percentage may be an industry average provided by trade associations that collect objective information on behalf of member companies. The advantage of this method is that it ties spending on promotion to sales and profits. Unfortunately, this method can imply that sale ...
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... potential agents to facilitate their decisions to transact a product or service. Cross-price demand elasticity and cross-price supply elasticity Comparative advantage is the lower opportunity cost in pursuing a given marketing tool relative to another. Revenue possibility frontier is the combination ...
HSBA 120- M1 Principles of Marketing - PrideNET
HSBA 120- M1 Principles of Marketing - PrideNET

... different perspectives, identify what is at stake in each of these perspectives, and connect his or her conclusions to the central theme of the paper. It is not enough to present supportive examples without making clear the significance of these examples and how they advance the point the writer is ...
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... blossomed in recent years, making them one of the hottest growth areas in retailing. Copyright 2007, Prentice-Hall, Inc. ...
Promotion = Communication - HSB-LHS
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Chapter 13 - Product and Distribution Strategies
Chapter 13 - Product and Distribution Strategies

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Content Marketing Manager
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Customer Value (Not Product!)

... Excellent for communicating complex / Not suitable if there are thousands of detailed product information and features important buyers Relationships can be built up - important if closing the sale make take a long time Sales Promotion Can stimulate quick increases in sales by If used over the long- ...
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... would like to know with lesser search time. Customers can access to marketers are improved while disseminating full, accurate, and immediate customized information. Large number of customers could be accessed to remote markets. Middlemen would be “disintermediated” by on-line services and “ re-inter ...
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Marketing mix modeling

Marketing mix modeling (MMM) is a term of art for the use of statistical analysis such as multivariate regressions on sales and marketing time series data to estimate the impact of various marketing tactics (marketing mix) on sales and then forecast the impact of future sets of tactics. It is often used to optimize advertising mix and promotional tactics with respect to sales revenue or profit.The techniques were developed by econometricians and were first applied to consumer packaged goods, since manufacturers of those goods had access to good data on sales and marketing support. The first companies dedicated to the commercial development of MMM were MMA (then Media Marketing Assessment) started in 1990 and the Hudson River Group founded in 1989. Other early pioneer-users of econometric modeling were the ATG group at the advertising agency JWT in the 1990s and later incorporated into MindShare ATG, BrandScience at Omnicom, and the specialist modeling agency OHAL since the late 1980s. These agencies took MMM from being a little-used and academic discipline to being a widespread and common marketing tool. Improved availability of data, massively greater computing power, and the pressure to measure and optimize marketing spend has driven the explosion in popularity as a marketing tool. In the recent times MMM has found acceptance as a trustworthy marketing tool among the major consumer marketing companies. Often in the digital media context, MMM is referred to as attribution modeling.
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