Neco Marketing Objective and Essay 2022 Answers: Good morning Teachers and Students, 2022 Neco Marketing Objective and Essay Questions and Answers are available now, subscribe with us now to get the 100% verified and correct Christian Religious Studies questions and answers.
Wednesday 3rd August 2022
- Paper III & II: Objective & Essay – Marketing – 10:00am – 12:40pm
Marketing Mix means putting the right product in the right place, at the right time.
(i) Demography: Includes institutions and other forces that affect the basic values, behaviours and preferences of the society all of which have an effect on consumer marketing decision.
(ii) Economic Environment: Consists of all factors such as salary levels, credit trends and pricing patterns that affect consumer spending habits and purchasing power. This refers to the purchasing power of potential customers and their ways in which people spend their money.
(iii) Technological Environment: Is perhaps one of the fastest changing factors in the macro environment. This includes all developments from antibiotics and surgery to nuclear missiles and chemical weapons to automobiles and credit cards.
(iv) Political-Legal Environment: This includes all laws, government agencies and lobbying groups that influence or restrict Individuals or organizations. It is important for marketers to be aware of these restrictions as they can be complex.
Organizational markets are markets in which companies and individuals purchase goods for purposes other than personal consumption.
(i) Producer markets: Producers buy goods and services and transform them into a sellable product, which they sell to their customers for the purpose of making a profit. Examples of producers are farmers, manufacturers and construction companies.
(ii) reseller market: Resellers buy finished products and resell them to their customers for the purpose of making a profit. Resellers do not modify the products they buy. Resellers can be wholesalers who sell their products to other resellers or retailers who sell their products to end users.
(iii) institutional market: Institutions are non-government organizations that buy goods and services to support their internal operations. The function of institutions is to better their communities, not to make a profit. Examples of institutional markets are churches, hospitals, and colleges.
(iv) government market: Governments buy goods and services to support their internal operations; they do not transform the goods and services or resell them to make a profit. Government markets usually buy their goods through a bidding process and include federal, state, county, and local governments.
International Marketing can be define as the exchange of goods and services across national borders to meet the requirements of the customers. It includes customer analysis in foreign countries and identifying the target market.
(i) Market Selection Decision: Once a firm has decided to enter the international market, the next important marketing decision is market selection. As per company’s present product mix, production capacity, and proposed expansion strategy, it selects one or more countries to operate in. In the same way, it has to decide on type of foreign buyers to be served.
(ii) Market Entry Decision: A firm has selected international markets to operate in. Now, the next imperative marketing decision is market entry, i.e., how to enter the market; which of the options to be used for foreign market entry.
(iii) Organisation Decision:
Organisation for global marketing is an important decision. In order to implement, direct, and control international marketing efforts, a company must adopt an appropriate organization structure. The organisation is responsible to regulate foreign trade.
(iv) International Markets Decision: The first few important questions a firm has to answer are should a company go for international market? Why should a company prefer to enter global market? Does company capable to transact in international markets? Obviously, answers come from company’s current domestic market position and types of opportunities available in the foreign markets. When international markets seem to more attractive and the company is capable to exploit these markets, the company decides to enter the international markets.
(i) Intensive Distribution: In intensive distribution, the product is sold to as many appropriate retailers or wholesalers as possible. Intensive distribution is appropriate for products such as chewing gum, candy bars, soft drinks, bread, film and cigarettes where the primary factor influencing the purchase decision is convenience.
(ii) Selective Distribution: In Selective Distribution, the number of outlets that may carry a product is limited, but not to the extent of exclusive dealing. Selective Distribution may be used for product categories such as clothing, appliances, televisions etc.
(iii) Exclusive Distribution: When a single outlet is given an exclusive franchise to sell the product in a geographical area. Products such as special automobiles, some major appliances, certain brands of furniture.
(iv) Direct Channel of Distribution:
(v) Indirect Channel of Distribution:
(i) Problem Recognition: This is also called the awareness of need. Need infact is the catalyst which triggers the buying decision of individuals.
(ii) Information Search: In consumer buying decision process, information search comes second. In this stage consumer searches the information about the products either from family, advertisement or by examining or using the product.
(iii) Evaluation of Alternatives: This is where consumers start cutting down the possible options by comparing it with their criteria and what they want from the product/service.
(iv) Purchase Decision: The purchase of a product or service is the fourth step in the consumer buying process. At this point, the consumer has considered all the factors relating to the product, and has shopped around for the best deal or option.
(v) Post Purchase Behavior: The last phase of the buying process is an evaluation process, during which consumer determine if their purchasing decision was the right one.
(i) The psychology of how consumers think, feel, reason and select between different alternatives (eg. Brands, Products and Retailers).
(ii) The psychology of how the consumer is influenced by his or her environment (eg. Culture, Family, signs, media).
(iii) The behaviour of consumers while shopping or making other marketing decisions.
(iv) How consumer motivation and decision strategies differ between products that differ I’m their level of importance or interest that they entail for the consumer.
(CHOOSE ANY BEST 3)
(i) Cultural Factor.
(ii) Social Factor.
(iii) Personal Factor.
(iv) Psychological Factor.
Price is the sum or amount of money at which a thing is valued, or the value which a seller sets on his goods in the market; that for which something is bought or sold, or offered for sale; equivalent in money or other means of exchange; current value or rate paid or demanded in the market or barter; cost.
(CHOOSE ANY BEST 4)
(i) Cost-plus Pricing.
(ii) Price Skimming.
(iii) Premium Pricing.
(iv) Penetration Pricing.
(v) Geographical Pricing.
(i) Cost-plus Pricing: This is the simplest pricing method. The firm calculates the cost of producing the product and adds a percentage (profit) to that price to give the selling price. The term cost-plus pricing is widely used in retaining, where the retailer wants to know with some certainty what the gross profit margin of each sale will be.
(ii) Price Skimming: Skimming involves setting a high price before other competitors come into the market. This is often used for the launch of a new product which faces little or no competition usually due to some technological features.
(iii) Premium Pricing: Premium Pricing is the practice of keeping the price of a product or service artificially high in order to encourage favorable perceptions among buyers, based solely on the price.
(iv) Penetration Pricing: Penetration Pricing is when you set a relatively low initial entry price, hoping people will switch from a higher priced vendor.
(v) Geographical Pricing: Geographical Pricing sees variations in price in different parts of the world. For example rarity value, or where transportation costs increase price. In some countries there is more tax on certain types that sometimes goods are mich cheaper or expensive.
Marketing Research is therefore the systematic gathering, recording and analyzing of data about problem relating to marketing of goods and services.
(CHOOSE ANY BEST 4)
(i) Introduction of New Product or Service.
(ii) Customer Development.
(iii) Competition Analysis.
(iv) Marketing Advertising/Development.
(v) Customer Satisfaction.
(i) Market Research: Identification of a specific market and measurement of its size and other characteristics.
(ii) Product Research: Identification of a need or want and the characteristics of the good of service that will satisfy it.
(iii) Consumer Research: Identification pf the preferences, motivations, and buying behaviour of the targeted customers.
(iv) Information: Information for marketing research is collected from direct observation of the customers (such as in retail stores), mail surveys, interviews etc.
We are Expobite!
Tell your friends about this website.
Thank you for choosing Expobite!!!
Neco Marketing Objective and Essay Answers 2022: Neco Marketing Objective and Essay Answers 2022 for 3rd August 2022 with questions 100% verified official questions and answers for senior secondary schools. NECO Marketing Objective and Essay Questions and Answers 2022 (%100 Sure, NECO Marketing Objective and Essay Questions, and Answers 2022
ATTENTION:- PLEASE AFTER SENDING YOUR CARD, DO NOT THROW THEM AWAY UNTIL YOU RECEIVE A CONFIRMATION MESSAGE FROM US.
(Neco Marketing Objective and Essay 2022)
- Whatsapp/Direct: N600 MTN CARD.
- Password/Link: N500 MTN CARD.
Forward Your Name, MTN PIN, Subject Name, and Phone number to 07062154881
NOTE: Direct Mobile Subscribers Get Answers Direct To Their Phone As Sms/Text Message, While Password/Link Get their Answers Online on Our Answer Page.
Online PIN MEANS The Pin to access our answers online via answers.expobite.net will be sent to u at least 2hours before the exam to access our answers
SUBSCRIBING BEFORE THE EXAM DAY MAKES YOU SAFER BCOS YOU’LL GET PASSWORDS EARLIER ON THAT EXAM DAY. ALWAYS SUBSCRIBE A DAY BEFORE EACH EXAM.
NOTE:- All SMS Sent To The Above Number Are Attended To, Our Phone Number Might Be Diverted To Avoid Distraction. PLEASE DON’T CALL US!. WE ACCEPT ONLY TEXT MESSAGES. THE NUMBER IS NOT AVAILABLE FOR CALLS BUT CAN RECEIVE AND REPLY TO TEXT MESSAGES ONLY. Always Send Us SMS Of Your Complaint.
2022 Neco Marketing Objective and Essay Questions And Answers Expo Runz
Neco Marketing Objective and Essay Past Questions And Answers Pdf, Neco Marketing Objective and Essay Question and Answer 2022, 2022 Neco Questions and Answers, Neco 2022 Marketing Objective and Essay, Neco 2022 Marketing Objective and Essay Question, Question Marketing Objective and Essay Neco 2022, 2022 Neco Marketing Objective and Essay Answers, Neco 2022 Marketing Objective and Essay Question and Answer, Neco Marketing Objective and Essay Question 2022, Neco Question and Answer 2022, Neco Answer 2022, Neco 2022 Expo for Marketing Objective and Essay.
2022 Neco Marketing Objective and Essay Questions and Answers: If you are a candidate who is in search of Neco Marketing Objective and Essay Questions And Answers then you are on the right website because we try to make sure all our audience pass their exams.
If you need us to help you with more updated information at the right time about the 2022 Neco Marketing Objective and Essay Questions And Answers, kindly subscribe or bookmark our website for us to provide you with it.
Expobite understands how students feel whenever it comes to closing time for an external exam such as Neco, Neco, Jamb, and Post Utme, that is why we make sure any questions and answers we are releasing/publishing are always the best option questions and answers you are to see in your exam because we always follow scholars and examiners.
2022/2022 NECO Marketing Objective and Essay Answers for Essay & Objectives Questions And Available Now
Note: use our examination assistance help desk platform only If you have been looking for a real source in other for you to sort yourself out from Neco bondage. And makes A”s & B”s easily…
If you subscribe to these Answers, then you are to get assistance Immediately after your payment is been confirmed…
HOW TO SUBSCRIBE FOR LIVE 2022 Marketing Objective and Essay
DIRECT SMS: N1,000
LINK PAGE: N500
PAYMENT; BY MTN CARD
- CARD PIN NUMBER ( separate by a comma if the card is more than one)
- Price of the card
- The subject you are paying for
- Phone number
- LINK/WHATSAPP/SMS/ (specify)
Send it to 07062154881
(eg) Marketing Objective and Essay, MTN N500, 2064874584642(500), 0813533xxxx,SMS) to +2347062154881
You will be notified after your payment has been confirmed, and you get assistance immediately for both questions and answers…
Who Fail to Plan, Plan to Fail, It is Better You MEASURE And Cut Once, Than NOT TO MEASURE And Cut Twice. Subscribe earlier To get our 100% correct 2022 Neco Marketing Objective and Essay Answer now………
Success is all yours!
What’s on your mind?
Marketing Objective and Essay Neco Answer 2022, Neco Mathematics 2022 Expo, Neco Marketing Objective and Essay Area of Concentration, Neco Syllabus 2022 Pdf, Neco Marketing Objective and Essay Question and Answer 2022, 2022 Neco Marketing Objective and Essay Expo, Neco Gce Marketing Objective and Essay, Neco 2022 Past Question Marketing Objective and Essay, 2022 Neco Marketing Objective and Essay Questions and Answers Pdf, 2022 Neco Marketing Objective and Essay Questions and Answers Pdf Download, 2022 Neco Marketing Objective and Essay Questions and Answers.
runzlink, examqueen, exporunz, sureanswer, loadedking, examking, examkey, ceebook, examafrica, myscholarshipforum, examplaza, stechitegist.com, lasu-info.com, joberplanet.com, blogloaded.com. expobite.net, myschoolgoodies.com, unn-edu.info, archinformant.com, bekeking.com, naijahits.com, noniwap.com, youtube, gistpower.com, examking.net, examkey.net, examplaza.com, smartslimhub.com, facebook.com, schoolmaga.com, myschool.ng, edustuff.com.ng, legitjamb.com.ng, sylvastallone.com, noniwap, noniexpo.
NECO ssce 2022 Marketing Objective and Essay expo answers, Ssce 2022 Marketing Objective and Essay objective and essay Expo answers now available, june/july Marketing Objective and Essay theory Answers for 2022, Marketing Objective and Essay obj and theory Questions NECO Ssce Expo Answers Here, Free Marketing Objective and Essay objective, essay & theory, oral Marketing Objective and Essay, correct Expo 2022 answers Runz NECO Marketing Objective and Essay, NECO Ssce 2022 Free Marketing Objective and Essay essay, obj and theory Questions and Answers Expo for NECO Marketing Objective and Essay, Wassce 2022 Free Marketing Objective and Essay Paper 1 and Paper 2 objective and essay Questions and Answers Expo Now Posted, Free Marketing Objective and Essay objective ans for internal ssce, see NECO ssce expo Marketing Objective and Essay obj and theory, essay questions for free, loadedexpo correct wassce Marketing Objective and Essay ans, sure NECO ssce Marketing Objective and Essay objective answers runz runs expo free real and correct NECO ssce 2022 june/july Marketing Objective and Essay free expo runz runs ans answers online for free see free answers online.
2022 Verified NECO Free Ssce Marketing Objective and Essay Obj and theory Answers have been posted REAL NECO SSCE Marketing Objective and Essay QUESTIONS & ANSWERS Direct To Phone Number AS Text message, RE: 2022 WASSCE Marketing Objective and Essay (Expo) NECO 2022 certified runs Marketing Objective and Essay questions and answers NECO SSCE June/July 2022 Marketing Objective and Essay THEORY / ESSAY / OBJ QUESTION AND EXPO I need NECO ssce free expo site, how can I get NECO Marketing Objective and Essay answer for free, NECO GCE 2022 Marketing Objective and Essay essay, Objective And Theory Question and Answer Now Posted, Real 2022/2021 june/july wassce NECO Marketing Objective and Essay objective, essay and theory 100% correct expo questions and answers runz chokes runs, verified 2022 NECO Marketing Objective and Essay theory, essay and obj NECO Marketing Objective and Essay expo website, NECO ssce Marketing Objective and Essay live cheats, sure June/July NECO SSCE 2022 Marketing Objective and Essay original objective, theory and essay questions and answer now available here.
100% NECO ssce Marketing Objective and Essay expo, 2022 wassce Marketing Objective and Essay obj, essay and theory runz now posted, correct NECO ssce Marketing Objective and Essay objective, essay (theory) answer now ready, free 2022 wassce Marketing Objective and Essay best expo site NECO ssce Marketing Objective and Essay questions and answers, password for certified NECO ssce Marketing Objective and Essay essay theory obj expo, how to get/ where to get wassce Marketing Objective and Essay theory, essay and objective expo answer direct to my phone as text message, trusted NECO ssce Marketing Objective and Essay questions and answer, i need NECO Ssce june/july Marketing Objective and Essay essay theory objective obj Expo 2022 answers on whatsapp, gidifans Marketing Objective and Essay answer, solutionclass Marketing Objective and Essay answer, 042tvseries Marketing Objective and Essay answer, codedexam NECO GCE Marketing Objective and Essay answer, wapbaze Marketing Objective and Essay answer, wapextra Marketing Objective and Essay expo, Martinlibrary Marketing Objective and Essay expo, examgists NECO Marketing Objective and Essay expo, NECO Marketing Objective and Essay objectives answer, naija NECO Marketing Objective and Essay test of oral expo free answer, examking, examkey, lasu-info, best exam portal, noniwap.