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What is a Product?
What is a Product?

... • A product idea envisions a possible product that company managers might offer to the market • A product concept is a detailed version of the idea stated in meaningful consumer terms ...
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... Marketers are often accused of deceptive practices such as: Deceptive Pricing: Falsely advertising “factory” or “wholesale” prices or large reductions from phony high retail list prices. Deceptive Promotion: Misrepresenting a product’s features or performance, or luring consumers to store for out-of ...
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... tell the organization's members whether or not they're doing well. Objectives provide a focus through which members of an organization can coordinate their activities. The nature of objectives requires that they be communicated and periodically evaluated. When set and administered properly, they enc ...
Lessons from Fair Lending Law for Fair Marketing and Big Data
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... lending, housing, and employment, where sectoral statutes do not currently exist. Financial institutions have extensive and long-developed programs for fair lending compliance. Instead of fair marketing issues being entirely novel, these compliance programs provide well-established mechanisms for ad ...
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Localized Project Marketing of Global System Suppliers in the

... The system supplier industry is a form of project business where the projects are often long and extensive, usually covering a combination of products, services and knowhow. The main features of project business are seen to be the uniqueness of individual projects, the complexity of the project offe ...
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Multi-level marketing

Multi-Level Marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant's ""downline"", and can provide multiple levels of compensation. Other terms used for MLM include pyramid selling, network marketing, and referral marketing. According to the US FTC, some MLM companies constitute illegal pyramid schemes which exploit members of the organization.MLM is one type of direct selling. Most commonly, the salespeople are expected to sell products directly to consumers by means of relationship referrals and word of mouth marketing. MLM salespeople not only sell the company's products but also encourage others to join the company as a distributor.Companies that use MLM models for compensation have been a frequent subject of criticism and lawsuits. Criticism has focused on their similarity to illegal pyramid schemes, price fixing of products, high initial entry costs (for marketing kit and first products), emphasis on recruitment of others over actual sales, encouraging if not requiring members to purchase and use the company's products, exploitation of personal relationships as both sales and recruiting targets, complex and exaggerated compensation schemes, the company and/or leading distributors making major money off training events and materials, and cult-like techniques which some groups use to enhance their members' enthusiasm and devotion.
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