Business

1112 Level M Business T1 net order Solutions jack 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 filling paper and two written papers) Term 1 literal: Chapters 1 8: points 1 61. Study all these concepts thoroughly in consecrate to be well-prepared for the final exam. Further take of all the points analyze in Term 1 entrust guarantee a high mark. Revision 1. The importance of merchandising Ref.: Section 1.1 & 1.2 a) draw marketing. Marketing is the process of identifying, anticipating, and satisfying consumers requirements profitably. b) why is marketing all-important(prenominal)? Marketing is a very important face of every lineage, as it involves developing the products or supporters that customers want, pricing the products or functions correctly, making the products or services readily getable to the customers and promoting the product or service which convinces cu stomers that the product or service is preferable to its competition. In narrate to be successful, a line of work must offer products as solutions to clients wants. This will then sleep induce receipts and increase market share, helping the familiarity meet its marketing (and overall business) objectives. 2. Marketing objectives Ref.: Section 1.

3 arguing four marketing objectives, providing an example of each. affix/ give the firmlys share of the market; e.g., achieve 15% offset in overall sales by 2012 erupt bare-ass products; e.g., develop modified products which can appeal to be markets Increase profits through increases in sales tax; 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 direct and relieve the elements of the marketing mix. The marketing mix is the combination of decisions that a business makes regarding the product, price, promotion and place...If you want to get a well(p) essay, order it on our website: BestEssayCheap.com

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