Distinguish between the concepts of service vs. product marketing strategies. Provide an example of each and evaluate why each is essential to hotel operations.
Answer:
service mena intangible or we can't take it with us or purchase it to take home
product is tangible it is something we can purchase at any time any place
Explanation:
for example service we can see in hotel a room service
for the product we can see Chocolate we can purchase it any where and take to other place but in contrast we can't take service
Both service marketing strategies and product marketing strategies are sales and promotion tactics for various product and service offerings. The nature of the offering itself is where the two differ most from one another.
Why do you want to get into product marketing?At the same time, it's very difficult and rewarding. Cross-functional teams are frequently led by product marketing managers, giving you exposure to a wide range of job functions. A profession in product marketing allows you to have an influence and redistributes meaning to your work.
Service marketing methods emphasize the quality and customization of intangible services, while product marketing strategies concentrate on the attributes and advantages of tangible commodities. Both forms of marketing tactics seek to draw in and keep clients, but because the products and services offered differ, they call for distinct methods.
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a logical starting point from which the study of international trade begins is
this is the premium that reflects the risk associated with changes in interest rates for a long-term security.
Answer:
1. Real risk-free rate.
2. Nominal risk free-rate.
3. Inflation premium.
4. Liquidity risk premium.
5. Liquidity risk premium.
6. Maturity risk premium.
Explanation:
if the senate wants to expel a member, how many senators have to agree?
Answer:
25
Explanation:
Clickable text or images that take you to different sites on the World Wide Web are called
Attachments
Hyperlinks
Shortcuts
Navigation Buttons
Answer:hyperlinks
Explanation:
Clickable text or images that take you to different sites on the World Wide Web are called hyperlinks. Hence, Option (B) is correct.
Hyperlinks are an essential feature of the web that allows for seamless navigation and interconnectedness between web pages.
They are typically displayed as underlined or differently colored text or as clickable images.
When a user clicks on a hyperlink, it initiates an action that takes them to a different web page, whether it is within the same website or on a different website altogether.
Hyperlinks play a vital role in facilitating the exploration of information on the internet, enabling users to access related content, external references, sources, and various online resources.
Thus, hyperlinks serve as the fundamental mechanism for connecting and directing users to different sites on the World Wide Web.
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Clickable text or images that take you to different sites on the World Wide Web are called
A)Attachments
B)Hyperlinks
C)Shortcuts
D)Navigation Buttons
how is a marketing plan used by marketers to set up a business on a journey towards success?
A marketing plan is used to identify the target market for your product and how your business would be able to offer benefits to the market.
A well developed marketing plan helps the marketer to make sales easier in the business. If the marketer is able to sight and make targets for their supposed customers, they would be able to channel resources more wisely.
In conclusion a marketing plan can do the following:
Help to set goalsCreate motivation for the businessSet time and priorities straightHelps you target your customers.Read more on https://brainly.com/question/14033301?referrer=searchResults
Given information about the economy of Pakistan, calculate Pakistan's GDP. Note that the currency of Pakistan is the rupee. Assume that the values are all current and no conversions need to be made. The government spends 3.40 trillion rupees. Individuals consume 9.60 trillion rupees. Individuals save 5.01 trillion rupees. Businesses invest 1.40 trillion rupees. Foreigners invest 0.70 trillion rupees. Pakistan imports 2.33 trillion rupees. Pakistan exports 1.23 trillion rupees. Pakistan's GDP is _________ trillion rupees.
The Gross domestic product of Pakistan is 13.30 trillion rupees
The gross domestic product (GDP) of country is the total value of all the goods and services a country produces in a year.
GDP can be calculated using the expenditure approach. The expenditure approach entails adding the total amount spent by consumers, government and businesses in the production process.
GDP using the expenditure approach = amount spent by consumers + business investment + Government spending + (export - import)
9.60 + 3.40 + 1.40 + (1.23 - 2.33) =
9.60 + 3.40 + 1.40 -1.10 = 13.30 trillion rupees
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As more and more Baby Boomers retire, companies are realizing that they are losing many of their most knowledgeable employees. Which force is impacting them in this situation?
Multiple Choice
A-global
B-human resource
C- poll-regulatory
D- competitive
social
The Force is impacting them in this situation is a social force. Thus the correct answer is E.
What is baby boomers?A person born between the conclusion of World War II and the middle of the 1960s is referred to as a "baby boomer" because of its importance in the population. Confidence, teamwork, self-happiness, health and wellbeing, employment, and participation are among the basic values of Baby Boomers.
In order to successfully meet the demands of many cultures, marketers closely watch social trends. As social factors alter over time with demographic shifts, we take into account attitudes toward employment and lifestyles.
So when more baby boomers got to retire, companies realize that they are losing many of knowledgeable people who play a crucial role and appeared as a social force in this situation.
Therefore, option E social is appropriate.
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what is a "complementary" business
Answer:
A complimentary business compliments your business. It may offer products or services beneficial to your business or your customers, but not the same things as to not be considered a competing business (competitor).
. How are jobs created in different economic systems?
• Market
• Mixed
• Command
Traditional
Answer:
it depends
Explanation:
it depends on the area the person stays
Choose all of the possible causes of structural unemployment
es
А)
changes in seasons
B)
changes in technology
increase in global competition
D)
changes in personal career choices
E)
changes in required training or education
Answer:B) changes in technology C) increase in global competition E) changes in required training or education
Explanation: I just did it
The possible causes of structural unemployment are changes in technology, an increase in global competition and changes in required training or education. The correct option is b, c and e.
What is structural unemployment?Structural unemployment refers to a longer-lasting form of unemployment caused by fundamental shifts in an economy and exacerbated by extraneous factors such as technology, competition, and government policy. This type of unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer.
Although jobs are available, there is a serious mismatch between what companies need and what workers can offer. Growing technology in all areas of life increases future structural unemployment because workers without adequate skills will get marginalized. Even those with skills may face redundancy, given the high rate of technological obsolescence and the growing use of machines or AI.
Structural unemployment can last for decades and usually requires a radical change to reverse.
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please help me asap!
Answer:
1.Different customers
Answer:
Same Customers
Explanation:
Their product is slightly different but still is pretty much is trying to satisfy the same needs that targets the same type of customers.
Stan’s savings account has a balance of $2257. After 5 years, what will the amount of interest be at 10% compounded quarterly?
a.
$1432.36
c.
$112.85
b.
$1446.36
d.
$1441.36
Answer:
b
Explanation:
Answer:
1441.36
Explanation:
got it right on edge
All of the following are important to consider when deciding if a vocational
school is right for you except
A. the lack of general education,
B. how new the school buildings are.
C. the duration of the program.
O D. the range of career options.
Answer:
b.
Explanation:
just took the test
which common form of external data helps marketers understand what influences a consumer’s purchasing behavior?
External data that helps marketers understand what influences a consumer’s purchasing behavior is psychographic data.
What is psychographic data?Psychographic data is used to create a profile of customers' viewpoints, areas of interest, and motivators for action. It includes an individual's beliefs, opinions, preferences, and personality traits.
Psychographic information concentrates on emotional factors like motives, priorities, etc whereas demographic information frequently emphasizes physical factors like age, race, gender, geography, etc.
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How do you know, as a consumer shopping for a product, whether goods are in
short supply or are readily available?
Answer:
Prices act as a signal that tells producers and consumers how to adjust. Prices tell buyers and sellers whether goods are in short supply or readily available. The price system is flexible and free, and it allows for a wide diversity of goods and services.
Explanation:
As a consumer shopping for a product, you can determine whether goods are in short supply or readily available by checking online availability, reading customer reviews, monitoring price fluctuations, and staying informed through industry news and customer service representatives.
As a consumer shopping for a product, there are several ways to determine whether goods are in short supply or readily available. Firstly, you can conduct online research by checking the product's availability on various e-commerce platforms or the official website of the brand or retailer. Reading customer reviews and ratings can also provide insights into the availability of the product. Additionally, monitoring price fluctuations can give an indication of supply and demand. If the price is stable or discounted, it suggests that the product is readily available. On the other hand, if the price is increasing or there are limited-time offers, it may indicate a shortage. Furthermore, keeping an eye on promotional activities, such as sales or limited edition releases, can provide clues about the availability of the product. Lastly, staying informed through industry news, subscribing to product alerts, or reaching out to customer service representatives can help you stay updated on the availability of the goods you are interested in purchasing.
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when the money market is drawn with the value of money on the vertical axis, if the price level is above the equilibrium level, there is an
Answer:
There will be an increase in the price level.
Explanation:
Got it from study.com
what are 4 most common financial institutions
Answer:
The most common types of financial institutions are commercial banks, investment banks, insurance companies, and brokerage firms.
Explanation:
in the past, kohl’s has been losing sales to amazon. why then would it enter into a partnership with one of its most fierce competitors?
Kohl’s will want to enter into a partnership with Amazon with hopes of increasing its store traffic by bringing Amazon customers in.
Partnership is basically the coming together of two of more companies or individual with a common goal.
Let bear in mind that Partnership is different from Acquisition or Merger because each owner is entitled to their share of profit.
Through this partnership, Kohl's and Amazon will both benefit from the arrangement.
Currently, Kohl's has a large number of physical stores which Amazon has no access to. So therefore, Kohl's will benefits from Amazon's strong online customer base.
Therefore, Kohl’s will want to enter into a partnership with Amazon with hopes of increasing its store traffic by bringing Amazon customers in.
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after three summers working for a local landscaping business, scott suggested that his boss add snow removal as an extra service. with this holistic hunch, scott was acting on ________ that snow removal might be a good addition to the service offerings.
Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.
Intuition is a product of inventiveness, especially when one has creative skills for bringing out solutions to ensure success.
Scott was not acting in hindsight because he had not engaged in snow removal before. Scott did not suggest based on minority dissent since there is no opposing suggestion from the majority.
Similarly, Scott was not acting on a sudden reaction, which suggested that the boss required a business idea from Scott.
Thus, Scott was acting on intuition when he suggested to his boss embrace snow removal as an extra service with potential.
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A DJ wants to analyze market reactions to the new music selections played at his dance last weekend. He advertises his weekly dances using social media and email.
Which would be the most effective way to gather reactions from those who attended the dance?
Focus Groups
Surveys
Personal Interviews
Observation
Answer: Surveys
Explanation:
The most effective way to gather reactions from those who attended the dance is Surveys. Option B is correct.
What are Surveys?In order to gather information about a service, product, or process, a surveys are described as the act of looking at a process or questioning a predetermined sample of people. Surveys used to gather data ask a specific set of people about their beliefs, actions, or knowledge.
Surveys are used to collect data or learn more in areas like demography and social research. Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives.
Thus to analyze market reactions to the new music selections played at DJ dance last weekend surveys are most optimal option here.
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the catalyst for the market revolution was a series of innovations in
The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.
The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.
The revolution brought about an explosive economic growth and new personal wealth in the country.
The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.
Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.
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the ________ model assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.
Considering the definition above, the model that assumes managers will make logical decisions in the firm's best interest is the Classical Model.
This is because the Classical Model, otherwise known as the rational model of decision making, is a type of decision-making model that assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.
The classical model of decision usually involves four major steps, which are:
Identifying the problem or opportunityComing up with alternative solutionsAssessing options & select a solutionExecuting and assessing the impact of the solution carried out.Hence, in this case, it is concluded that the correct answer to the question is the Classical Model of decision making.
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Which would be an example of a change in culture due to conflict?
who determines how much utility an individual will receive from consuming a good?
Answer:
Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility.
DeShawn formed a hiring committee for his advertising company. Six employees (including two managers) met to discuss applicants and select the finalists for a copywriter position in the public relations department. Although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because they sent forward a candidate they believed would be a good work colleague, and their input facilitated the ultimate decision. In setting up this type of hiring process, the head of public relations was utilizing a(n) __________ style of leadership.\
The head of public relations utilized a leadership style called democratic or participative style.
The democratic leadership encourages the active participation of the members of the hiring committee, who select the finalists for the position.Decision-making is shared between the hiring committee and the head of the public relations department. The hiring committee carries out candidates evaluations to guide the final decision by the head of the department.As the direct opposite of the participative or democratic leadership style, the autocratic style does not encourage the committee to decide the final candidate for the position.Thus, a democratic leadership style is participative and encourages input from members of the selection group.
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true or false? checks are documented individually on a deposit slip.
Answer:
i believe that it is true
Explanation:
Explain why the more education a person has, the more money they make.
(Answers should include the screening effect and the learning effect.)
Answer:
because. a more educated person have a good profession and by that they can earn a good sources of money
Answer:
a more educated person have a good profession and by that they can earn a good sources of money
Explanation:
Which of the following is the best example of a new business that you would see in the economy today?
Multiple Choice
A - Glass manufacturing plant
B -Smartphone production facility
C - Oil refinery
D -Grocery store
E-Subscription-based meal-kit service
Out of all the given options, there is one business that stands out as something most people might not have even heard of.
This unique and novel business is E. Subscription-based meal-kit service.
Glass manufacturing, oil refinery, grocery store businesses have been operating for the longest time. Smartphone production has also existed for 30 years now.
For the past few years, with the rise of tech industries and tech jobs, urbanites are finding it hard to cook meals and had started eating out or dining at restaurants more often.
Seeing this as an opportunity to serve busy people home-cooked meals, many chefs and food businesses have started something called a cloud kitchen where you simply pay a one-time subscription to get a whole week or even a month's meals.
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if davidson has 7,000 units on hand at december 31, the cost of ending inventory under the average-cost method is
The cost of ending inventory under the average-cost method is $75,250.
The average cost method is a method used to determine the cost of inventory in which the cost of goods sold is determined by determining the weighted average of the cost of inventory.
Average cost method = total cost of inventory bought / total units bought
(5,000 x $8) + (15,000 x 10) + (20,000 x 12) = $430,000
Total units bought = 5000 + 15,000 + 20,000 = 40,000
Price of inventory = $430,000 / 40,000 = $10.75
Cost of ending inventory = $10.75 x 7000 = $75,250.
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