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Advertising and Health
Advertising and Health

... consequences for consumers of these products. (write ca. 200 words for each advert. You may like to use some of the terms in the glossary below) ...
MARKETING SERVICES
MARKETING SERVICES

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Proven Marketing Strategies to Increase Revenue
Proven Marketing Strategies to Increase Revenue

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“Understanding Consumers”

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Marketing Concepts
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Streamline your marketing message and create specific marketing

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Economics in Daily Life----Consumer Surplus and Sales Strategies

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Why are certain products talked about more than others?

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TeleBrain - DLee5452

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sem i - content/teaching outline - marionhoward

... a retailer purchases t-shirts for $6 and sells them for $12 at a concert. 5. Promotion is communication used to inform, persuade, or remind people about a business’s products. For example, the Carolina Panthers use a t-shirt launcher to give away t-shirts at home games. 6. Selling is determining cus ...
ADVERTISING - Mitra.ac.in
ADVERTISING - Mitra.ac.in

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Planned obsolescence

Planned obsolescence or built-in obsolescence in industrial design is a policy of planning or designing a product with an artificially limited useful life, so it will become obsolete, that is, unfashionable or no longer functional after a certain period of time. The rationale behind the strategy is to generate long-term sales volume by reducing the time between repeat purchases (referred to as ""shortening the replacement cycle"").Companies that pursue this strategy believe that the additional sales revenue it creates more than offsets the additional costs of research and development and opportunity costs of existing product line cannibalization. In a competitive industry, this is a risky strategy because when consumers catch on to this, they may decide to buy from competitors instead.Planned obsolescence tends to work best when a producer has at least an oligopoly. Before introducing a planned obsolescence, the producer has to know that the consumer is at least somewhat likely to buy a replacement from them. In these cases of planned obsolescence, there is an information asymmetry between the producer – who knows how long the product was designed to last – and the consumer, who does not. When a market becomes more competitive, product lifespans tend to increase. For example, when Japanese vehicles with longer lifespans entered the American market in the 1960s and 1970s, American carmakers were forced to respond by building more durable products.
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