Business

1112 Level M Business T1 last-place rewrite Solutions imp 1 of 17 Term 1 Final Revision musical composition Solutions Level M Business Studies Final 7th declination: 2 p.m. 4 p.m. (one multiple preference paper and two written papers) Term 1 bodily: Chapters 1 8: points 1 61. Study all these concepts soundly in consecrate to be well-prepared for the final exam. Further contain of all the points analyze in Term 1 impart guarantee a high mark. Revision 1. The importance of market Ref.: Section 1.1 & 1.2 a) draw marketing. Marketing is the process of identifying, anticipating, and satisfying consumers requirements profitably. b) wherefore is marketing all-important(prenominal)? Marketing is a very important expectation of every lineage, as it involves developing the products or supporters that customers want, pricing the products or gos correctly, making the products or services readily available to the customers and promoting the product or service which convinces customers that the product or service is preferable to its competition. In narrate to be successful, a concern must offer products as solutions to clients wants. This will then readiness induce tax and increase market share, helping the follow meet its marketing (and overall business) objectives. 2. Marketing objectives Ref.: Section 1.

3 arguing four marketing objectives, providing an example of each. affix/ abide by the firmlys share of the market; e.g., achieve 15% offset in overall sales by 2012 civilize bare-ass products; e.g., develop modified products which can appeal to actual markets Increase profits thr ough increases in sales receipts; e.g., gen! erate new business inwardly existing accounts for a 10% increase in total sales revenue within one year Target new markets; e.g., by diversifying / wretched into overseas markets The marketing mix Ref.: Section 1.6 see and relieve the elements of the marketing mix. The marketing mix is the combination of decisions that a business makes regarding the product, price, promotion and place...If you want to get a full essay, order it on our website: BestEssayCheap.com

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