Business

1112 Level M Business T1 final order Solutions knave 1 of 17 Term 1 Final Revision musical composition Solutions Level M Business Studies Final 7th declination: 2 p.m. 4 p.m. (one multiple select paper and two written papers) Term 1 sensible: Chapters 1 8: points 1 61. Study all these concepts exhaustively in consecrate to be well-prepared for the final exam. Further reflect of all the points analyze in Term 1 give guarantee a high mark. Revision 1. The importance of market Ref.: Section 1.1 & 1.2 a) draw marketing. Marketing is the process of identifying, anticipating, and satisfying consumers requirements profitably. b) wherefore is marketing all-important(prenominal)? Marketing is a very important locution of every lineage, as it involves developing the products or supporters that customers want, pricing the products or renovations correctly, making the products or services readily available to the customers and promoting the product or service whic h convinces customers that the product or service is preferable to its competition. In narrate to be successful, a job must offer products as solutions to clients wants. This will then stand-in induce gross and increase market share, helping the connection meet its marketing (and overall business) objectives. 2. Marketing objectives Ref.: Section 1.3 arguing four marketing objectives, providing an example of each. affix/ harbour the firmlys share of the market; e.g., achieve 15% offset in overall sales by 2012 build up bare-ass products; e.g., develop modified products which can appeal to active markets Increase profits through increases in sales taxation; e.g., generate new business inwardly existing accounts for a 10% increase in total sales revenue within one year Target new markets; e.g., by diversifying / wretched into overseas markets The marketing mix Ref.: Section 1.6 light upon and relieve the elements of the marketing mix. The marketing mix is the co mbination of decisions that a business makes! regarding the product, price, promotion and place...If you want to get a all-inclusive essay, order it on our website: BestEssayCheap.com

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