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ECONOMICS
ECONOMICS

... • Prices help consumers make decisions by eliminating options not available to them. ...
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... The present paper concludes that the successes of many businesses depend on their ability to create and retaining the customers. The insights gained in this pilot-study give researchers and FMCG marketers’ useful information about consumers´ behaviour and provide guidance for developing and promotin ...
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...  Now called Broca’s area- damage to this area cause expressive aphasia (meaning person can’t ...
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What is a Marketing Communications Strategy?

... your brand's USP or Unique Selling Point? Where should they place your brand against competing brands, in other words positioning? Creative campaign concept: the creative team (creative director, copy writer, designers etc.) has to find an original and striking way how to surprise, persuade, engage ...
The Product Life-Cycle - NW 14-19
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... As sales and profitability increase, the selling price may be reduced to make the product  more attractive. Continued advertising around the brand name will help to sustain sales.  The marketing team may consider expanding its distribution, to reach more consumers.  Maturity  Competitors will usuall ...
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... The target market is the consumer group that a business wishes to address its needs. Therefore, the company expects revenue entirely from the target market, and if it does not understand the target market adequately, then it will be a bit difficult to succeed in selling its commodities or services. ...
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... – Benefited from previous research; must continue » Deontological – Indispensible to progress » Health as a public good » Science is an instrument of progress ...
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... communication plan; brand positioning strategy decisions; creative strategy decisions; creative tactics decisions; and media planning and budgeting. Educational Objectives/Outcomes Upon completing this course, students will be able to: 1. Explain principles, practices, and terminology relating to th ...
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... rough features of a dangerous snake. The “high road” is a longer pathway from the thalamus to the cortex and then on to the amgydala. This pathway takes longer for information to traverse, however it allows complex, contextualized processing of stimuli by conscious, deliberate processing. This pathw ...
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... customer by satisfying a need. I.e. adopting a customer-focused ethos or orientation, meaning that it is a process where a business attempts to identify customers’ wants/needs (through market research) and then it plans, prices, promotes and distributes the best product or service to the market. The ...
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Neuromarketing

Neuromarketing is a field of marketing research that studies consumers' sensorimotor, cognitive, and affective response to marketing stimuli. Researchers use technologies such as functional magnetic resonance imaging (fMRI) to measure changes in activity in parts of the brain, electroencephalography (EEG) and Steady state topography (SST) to measure activity in specific regional spectra of the brain response, or sensors to measure changes in one's physiological state, also known as biometrics, including heart rate and respiratory rate, galvanic skin response to learn why consumers make the decisions they do, and which brain areas are responsible. Certain companies, particularly those with large-scale ambitions to predict consumer behaviour, have invested in their own laboratories, science personnel or partnerships with academia. Present in over ten countries, the Neuromarketing Business Association today centralizes academic publications and certifications and serves as a networking platform for professionals in the field.Companies such as Google, CBS, Frito-Lay, and A & E Television amongst others have used neuromarketing research services to measure consumer thoughts on their advertisements or products.Whilst the origin of the term ""neuromarketing"" has been attributed to Ale Smidts in 2002, the phrase was in use earlier. In the late 1990s, both Neurosense (UK) and Gerry Zaltmann (USA) had established neuromarketing companies. Unilever's Consumer Research Exploratory Fund (CREF) too had been publishing white papers on the potential applications of Neuromarketing.
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