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Pricing Schools Business

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Disruptive Business Models Quiz

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What is essential for businesses to achieve sustained growth, according to the text?

Reduced marketing spend

Market reduction

Market maintenance (correct)

Geographical restructuring

What mindset can hinder a business from achieving sustained growth?

Increasing marketing spend

Seeing marketing as a growth driving function

Focusing on expanding product lines

Considering marketing as a support function (correct)

What strategy involves slowly reducing a business's presence in the market?

Customer base reduction (correct)

Geographical expansion

Price increases

Market widening

Why might a business decide to reduce its customer base?

To focus on profitable customer relationships (C) Signup and view all the answers

What does reducing marketing spend indicate about a business's strategy?

Accepting market reduction (A) Signup and view all the answers

Which approach does the text suggest for businesses wanting to grow their business?

'Growth driving' marketing functions (D) Signup and view all the answers

What is the primary consequence of viewing marketing as a support function?

'Back office' perception (C) Signup and view all the answers

Disruptive Business Models Quiz

Choose a study mode

Podcast

Questions and Answers

What is essential for businesses to achieve sustained growth, according to the text?

What mindset can hinder a business from achieving sustained growth?

What strategy involves slowly reducing a business's presence in the market?

Why might a business decide to reduce its customer base?

What does reducing marketing spend indicate about a business's strategy?

Which approach does the text suggest for businesses wanting to grow their business?

What is the primary consequence of viewing marketing as a support function?

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