Podcast
Questions and Answers
Which of the following is a macro environmental factor that influences marketing decisions?
Which of the following is a macro environmental factor that influences marketing decisions?
- Economic trends (correct)
- Company culture
- Marketing team structure
- Product pricing
What is an implication of AI integration in services for businesses?
What is an implication of AI integration in services for businesses?
- Improved customer service (correct)
- Decreased marketing budgets
- Increased labor costs
- Reduced product offerings
What does sustainable technology refer to?
What does sustainable technology refer to?
- Using technology to reduce environmental impact (correct)
- Using technology to replace human labor
- Using technology to increase marketing reach
- Using technology to increase profit margins
What are machine customers?
What are machine customers?
How do macro environmental factors influence business decisions?
How do macro environmental factors influence business decisions?
What is the impact of AI integration in services on business decisions?
What is the impact of AI integration in services on business decisions?
What is the primary goal of marketing innovation?
What is the primary goal of marketing innovation?
What is the term for the process of selecting a specific segment of the market to target?
What is the term for the process of selecting a specific segment of the market to target?
Which of the following is a key aspect of consumer behavior?
Which of the following is a key aspect of consumer behavior?
What is the primary goal of using original examples in a short answer structure?
What is the primary goal of using original examples in a short answer structure?
What is the primary goal of pricing strategies?
What is the primary goal of pricing strategies?
What is the purpose of using words from the question in the answer?
What is the purpose of using words from the question in the answer?
Which of the following is an example of a marketing innovation?
Which of the following is an example of a marketing innovation?
What type of words in a question help to identify what is being asked?
What type of words in a question help to identify what is being asked?
What is the primary goal of branding?
What is the primary goal of branding?
What is the main benefit of integrating an example into an answer?
What is the main benefit of integrating an example into an answer?
Which of the following is a key aspect of services marketing?
Which of the following is a key aspect of services marketing?
What is the primary goal of ethical marketing?
What is the primary goal of ethical marketing?
What is the purpose of deconstructing a question?
What is the purpose of deconstructing a question?
What is the main focus of a short answer structure?
What is the main focus of a short answer structure?
What type of words in a question help to identify the specific topic or area being addressed?
What type of words in a question help to identify the specific topic or area being addressed?
What is the benefit of using information from across the course in a short answer?
What is the benefit of using information from across the course in a short answer?
Study Notes
Short Answer Structure
- Start with a short introduction that indicates understanding of the importance of the question
- Make a statement that explains what the answer will cover
- Use examples to enrich the answer, with original examples that are clearly relevant and integrated into the essay
- Use words from the question to signpost the answer for the marker
- Strengthen the answer by using information from across the course
Identifying and Deconstructing Questions
- Identify task words (e.g. analyse, compare, define, describe, explain)
- Identify topic words (related to the course material)
- Identify limit words (e.g. three emerging trends/changes in the technological environment in New Zealand)
Marketing Course Review
The Marketing Environment
- Includes consumer behaviour, segmentation, targeting, and positioning, market research, marketing innovation, pricing, marketing communication, organizational framework, and marketing strategies
Course Coverage
Consumer Behaviour
- Study of processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs and desires
Segmentation, Targeting, and Positioning
- Related to identifying and targeting specific markets
Market Research
- Gathering and analysing data to understand consumer behaviour and market trends
Marketing Innovation
- Developing new products, services, or ideas to satisfy changing customer needs
Pricing Strategies
- Setting prices for products or services based on market conditions and customer demand
Marketing Communication
- Using various media to convey messages and promote products or services
Services Marketing
- Marketing intangible products, such as services, experiences, or ideas
Branding
- Creating and maintaining a unique identity for a product, service, or idea
Ethical Marketing
- Considering social and environmental implications when making marketing decisions
Exam Preparation
- Review course material, including marketing environment, consumer behaviour, segmentation, targeting, and positioning, market research, marketing innovation, pricing, marketing communication, and services marketing
- Practice with sample questions and past exam papers
- Use Study Smart resources on Blackboard and additional resources, including MCQs
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Description
Learn effective techniques for writing short answers and essays, including structuring your response, using relevant examples, and integrating them seamlessly into your writing.