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Please explain with reason Each element of the Net Marketing Contribution (NMC) equation can be the focus of a company to improve profitability. For example,
Please explain with reason
Each element of the Net Marketing Contribution (NMC) equation can be the focus of a company to improve profitability. For example, McDonalds wanted to focus on its market demand so it pursued strategies to grow market demand such as collaborations with BTS and Travis Scott and Cardi B to increase the size of the market. To achieve this strategy, the extra revenue earned from these collaborations would have to exceed the extra marketing expenses (including paid endorsements) needed to grow demand. Identify two other elements of NMC besides market demand and, for each element, describe a marketing strategy focused on that element that would allow a company to earn a higher net marketing contribution: You could use McDonalds as an example or just speak in general terms about any company and the strategies that they could pursue to increase NMC. A. Write out the equation for NMC. B. Another element of NMC is ... and a marketing strategy to increase NMC that focuses on this element would be... C. Another element of NMC is ... and a marketing strategy to increase NMC that focuses on that element would beStep by Step Solution
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