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Asked 3/28/2013 9:17:38 PM
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Why is planning important in marketing?
Weegy: Planning is important in marketing because it clarifies the key marketing elements of a business and maps out directions, objectives and activities for the business and its employees. [ ] (More)
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Asked 3/21/2013 5:26:29 AM
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How would you convince your supervisor that the marketing department should produce formal marketing plans?
Weegy: Well I do not think that it would be too hard to convince a supervisor that the marketing department should produce formal marketing plans, if in fact you were to take fact based information or spreadsheet’s with you. [ Such as the company’s financial status, company expense’s, budgets, the company’s current income level, the investments and whatever else you think that might help to back up your reasoning. One you have all this documentation in hand, be sure to express in your discussion with this person how the you think the company could raise their investments by doing so, and also how the company could save costs by creating what we all know as a formal plan in marketing. ] (More)
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Asked 3/21/2013 5:41:17 AM
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when the economy is doing well how does it reflect on businesses?
Weegy: There are a large number of variables or characteristics used to gauge the health of an economy, with four of them usually referred to as the key macroeconomic variables: aggregate output or income, the unemployment rate, the inflation rate, [ and the interest rate. There are, however, numerous additional measures or variables that are collected and used to understand the behavior of an economy. In the United States, for example, additional measures include: the index of leading economic indicators (which gives an idea where the economy is headed in the near future); retail sales (which indicate the strength of consumer demand in the economy); factory orders, especially for big ticket items (which indicate the future growth in output, since the orders will have to be filled); housing starts (robust increase in housing starts are usually taken as a sign of good growth in the future); the consumer confidence index (which indicates how likely consumers are to make favorable decisions to buy both durable and nondurable goods, services, and homes). Other variables tracked are more innocuous than the ones included in the preceding list, such as: aluminum production, steel production, paper and paperboard production, industrial production, hourly earnings, weekly earnings, factory shipments, orders for durable goods, new factory orders, new-home sales, existing-home sales, business inventories, initial jobless claims, help-wanted advertising, purchasing manager's survey, and the foreign trade deficit. OUTPUT/INCOME. An economy's overall economic activity is summarized by a measure of aggregate output. Since the production or output of goods and services generates income, any aggregate output measure is closely associated with an aggregate income measure. The United States uses an aggregate output concept known as the gross domestic product (GDP). The GDP is a measure of all currently produced goods and services valued at market prices. One should notice several ... (More)
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Asked 3/21/2013 7:00:33 PM
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why is the financial analysis important in marketing?
Weegy: Financial analysts provide guidance to businesses and individuals making investment decisions. Financial analysts assess the performance of stocks, bonds, commodities, and other types of investments. [ Also called securities analysts and investment analysts, they work for banks, insurance companies, mutual and pension funds, securities firms, the business media, and other businesses, making investment decisions or recommendations. Financial analysts study company financial statements and analyze commodity prices, sales, costs, expenses, and tax rates to determine a company's value by projecting its future earnings. They often meet with company officials to gain a better insight into the firms' prospects and management. ] (More)
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Asked 3/22/2013 8:44:40 PM
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How do you plan for good customer service?
Weegy: Identify your target customers Determine what your customers want Create a culture of customer service Clearly communicate service standards and expectations Provide consistent service across channels Establish a vision for [ Customer Service excellence Implement an external strategy Focus on recruiting and retaining good employees Empower employees to resolve customer service problems Develop good communications and rewards system ] (More)
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Asked 3/22/2013 8:36:16 PM
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