Explain the concept of trial pricing. Why would a retailer implement this pricing strategy?
What will be an ideal response?
Trial pricing is used when a new product carries a low price for a limited period of time to attract customers. The idea is to win customer acceptance first and make profits later.
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Social listening allows companies to monitor what is being said about their brands in order to respond before complaints damage online reputations.
Answer the following statement true (T) or false (F)
A marketing audit is necessary because
A. regulators require marketing audits at the same time as accounting audits. B. it is a standard practice adopted by all companies worldwide. C. managers may pursue certain strategies blindly, when other strategies might be more effective. D. All these answers are correct.
Administrative agencies may make the rules, police the community to see the rules are obeyed, and sit in judgment to determine violations of their rules
Indicate whether the statement is true or false
Gaps, or __________ , are flagged in the MMU as illegal addresses, and any attempt to access them results in the process being aborted
What will be an ideal response?