Marketing Functions: Research to Pricing
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Marketing Functions: Research to Pricing

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Questions and Answers

What is the primary goal of market research and analysis?

To understand customer preferences and tailor products accordingly

Which of the following companies uses a wide distribution network to ensure product availability?

Chipiku Stores

What is the primary benefit of a customer-centric approach in marketing?

Tailored solutions and customer support services

Which industry is characterized by intense competition between commercial banks?

<p>Banking</p> Signup and view all the answers

What is the primary goal of Puma Energy's loyalty program?

<p>To foster long-term customer relationships and brand loyalty</p> Signup and view all the answers

What is the primary focus of supermarkets in terms of customer experience?

<p>Personalized customer experiences and loyalty incentives</p> Signup and view all the answers

What is the primary objective of the Sales Orientation approach?

<p>To convince customers to buy products</p> Signup and view all the answers

What is the main focus of the Production Orientation approach?

<p>Production efficiency and cost reduction</p> Signup and view all the answers

What is the key characteristic of the Marketing Orientation approach?

<p>Recognizing customer needs and wants as the driving force behind business success</p> Signup and view all the answers

What is one of the key developments in Modern Marketing?

<p>Digital Marketing</p> Signup and view all the answers

What is the primary goal of Target Marketing?

<p>To identify and target specific customer groups with tailored marketing efforts</p> Signup and view all the answers

What is the main purpose of Market Segmentation?

<p>To divide markets into distinct groups based on demographics, needs, or behaviors</p> Signup and view all the answers

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