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Describe four forms of outdoor advertising that may be used in product promotion.(8 marksNovember 2022
Billboards: Large signs or posters that are typically located on busy roads or highways, used to reach a wide audience. Transit Advertising: Advertising on buses, trains, subways, and other forms of public transportation, used to reach a captive audience. Street Furniture: Advertising on benches, buRead more
Dodo Limited trains its channel members periodically. Explain six reasons why the firm trains them. ral le oe (12 marks)November 2022
Product knowledge: Training channel members on the features, benefits, and uses of the products will help them to communicate effectively with customers and to make informed sales decisions. Sales techniques: Training channel members on sales techniques will help them to effectively market and sellRead more
11.Teamwork: Training channel members on team-work will help them to understand how to work effectively with other channel members and to achieve common goals.
12.Problem-solving: Training channel members on problem-solving skills will help them to identify, analyze and solve problems that might arise in the marketing and sales of the products.
See lessExplain, five ways in which an organization may influence consumers attitude towards its products in order to increase sales. (10 marks)November 2022
Product positioning: The organization can position its products in a way that appeals to consumers' needs, wants, and values. Advertising and promotion: The organization can use advertising and promotion to create awareness and interest in its products, and to change consumers' attitudes towards theRead more
Describe five strategies that a service firm may use to manage fluctuations in demand and supply.(10 marks)November 2022
Pricing strategies: The firm can adjust its prices to match changes in demand and supply, such as offering discounts during slow periods and increasing prices during peak periods. Capacity management: The firm can adjust the capacity of its resources, such as personnel and equipment, to match changeRead more
Outline five characteristics that highly satisfied customers exhibit. (10 marks)November 2022
Loyalty: Highly satisfied customers are more likely to be loyal to a brand and continue to purchase products and services from the company. Positive word-of-mouth: Highly satisfied customers are more likely to recommend a brand to their friends, family, and colleagues, providing valuable word-of-mouRead more
Mambo Limited intends to select a supplier for its industrial products. Explain five factors that the firm may consider when selecting the supplier. Ene (10 marks)November 2022
Quality: The supplier should be able to provide high-quality products that meet the company's specifications and standards. Price: The supplier should be able to provide products at a competitive price, while still providing a reasonable profit margin for the supplier. Delivery: The supplier shouldRead more
Explain five circumstances under which a manufacturer may modify an existing channel arrangement.(10 marks)November 2022
A manufacturer may choose to modify an existing channel arrangement for various reasons, such as: Changing market conditions: The manufacturer may need to adapt to changes in the market, such as shifts in consumer demand or the emergence of new competitors, by modifying its channel arrangement to beRead more
A manufacturer may choose to modify an existing channel arrangement for various reasons, such as:
Saka Limited is in the process of choosing brand elements for its products. Explain the criteria that the firm will use in choosing the elemƩnts. (10 marks)November 2022
Relevance: The chosen brand elements should be relevant to the product, the target market, and the overall brand identity. Distinctiveness: The chosen brand elements should be distinctive and easily recognizable, helping to set the brand apart from its competitors. Flexibility: The chosen brand elemRead more
Explain five elements of physical evidence that a service firm should pay attention to.(10 marks)November 2022
Physical evidence refers to the tangible elements of a service that customers can see, hear, touch, taste, or smell. Here are some elements of physical evidence that a service firm should pay attention to: Design and layout: The design and layout of the service firm's physical space, such as the layRead more
Physical evidence refers to the tangible elements of a service that customers can see, hear, touch, taste, or smell. Here are some elements of physical evidence that a service firm should pay attention to:
Explain five ways in which inflation may negatively affect the performance of a marketing firm (10 marks)November 2022
Increased costs: Inflation can lead to increased costs for a marketing firm, such as higher costs for raw materials, labor, and transportation. This can lead to a decrease in profit margins. Lower purchasing power: Inflation can lead to a decrease in the purchasing power of consumers, which can leadRead more