Explain why it is important for marketers to understand national demographic profiles, and suggest how they might

Question:

Explain why it is important for marketers to understand national demographic profiles, and suggest how they might use this information.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles And Practice Of Marketing

ISBN: 9781526849533

10th Edition

Authors: David Jobber, Fiona Ellis-Chadwick

See More Books

Question Posted: Jan 24, 2024 08:01 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
It is July 1, 2023, Jim and Pam Halpert have just left your office after their first interview with you. In preparation for the interview, you had sent them a list of the various documents that they...
Give three reasons why it is important for marketers to understand the factors that influence consumers purchasing decisions.
Though the McDonalds (MCD) menu of hamburgers, cheeseburgers, the Big Mac, Quarter Pounder, Filet-O-Fish, and Chicken McNuggets is easily recognized, McDonalds financial statements may not be as...
By means of plotting find the amplitude of the oscillation resulting from the addition of the following three oscillations of the same direction: 1.5a cos (ot + J/3). 2a sin ot, 3 a cos ot, $2
Draw both the money market and bond market in equilibrium. Next, explain, and show diagrammatically, show what happens to the interest rate and the price of bonds as a result of the Feds decreasing...
4. What should Gerri do?
Refer to the preceding facts for Postmans acquisition of 80% of Spartans common stock and the bond transactions. Postman uses the simple equity method to account for its investment in Spartan. On...
Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct...
Actors in the microenvironment take on different roles. Discuss the relationships between each of the categories of actors.
Discuss global population from a marketing perspective.
Mention the main classifi cation of inventories.
Below are listed some additional common performance measures not listed in Exhibit 2.1. Which type of employee (senior managers, middle managers, or frontline operations managers) would typically use...
If you have a steam distillation system with immiscible organic and water phases plus a vapor phase, two volatile organic compounds plus a nonvolatile organic compound, at equilibrium how many...
An auditor is using difference estimation for the confirmation of accounts receivable in the audit of Lafferty Hardware Supply. A random sample of 100 positive confirmations has been sent to...
Canterbury Convenience Stores (CCS) is a newly formed organization in Christchurch, New Zealand. It comprises 10 moderately sized convenience stores that previously operated independently of each...
Orchard Distributions Pte. Ltd. is a large, Singaporean-based distributor of clothing products to other companies throughout Southeast Asia. Orders are received from customers either by telephone,...
Alter the rainfall in Example 5-1 by using the following hourly cumulative measurements: Assume that there is a detention pond at point B of the basin that is used for flood control. Assume a...
One study found that the elderly who do not have children dissave at about the same rate as the elderly who do have children. What might this finding imply about the reason the elderly do not dissave...
Identify some of the ways that a firm can raise money to support a new marketing plan. Give the advantages and limitationsfrom a marketing managers perspective of each approach.
An entrepreneur who started a chain of auto service centers to do fast oil changes wants to quickly expand by building new facilities in new markets but doesnt have enough capital. His financial...
Explain, in your own words, why investors in a firms stock might be interested in a firms marketing manager developing a new growth-oriented strategy. Would it be just as good, from the investors...
Suppose the S&P 500 currently has a level of 960. One contract of S&P 500 index futures has a size of $250 S&P 500 index. You wish to hedge an $800,000-portfolio that has a beta of 1.2. (A)In order...
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during...
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increased by 5 percent annually....

Explain why it is important for marketers to understand national demographic profiles, and suggest how they might

Question:

Step by Step Answer:

Understanding national demographic profiles is crucial for marketers for several reasons 1 Segmentation and Targeting Demographic information such as ...View the full answer

Principles And Practice Of Marketing

Students also viewed these Business questions