Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There are many trends that are unfolding due to retail businesses in the competitive business environment and requires them to use the services of direct

There are many trends that are unfolding due to retail businesses in the competitive business environment and requires them to use the services of direct marketing in the sales of their goods and services. This has been used by many of the starter up firms, small and medium sized enterprises (SMEs) and large firms too. Direct marketing is popularly used for gift items, apparels, magazines, sports equipment, books, home accessories, food and insurance. There are several trends that are relevant for direct marketing in the products and services for which it has been used. It is in this regard that different nations across the world are massively supporting the setting up of many small and medium sized enterprises (SMEs). One issue that modern SMEs have embraced is the usage of direct marketing in running their businesses. a. Identify and explain five (5) trends of direct marketing with examples that are common to firms using the method for selling their goods and services? [10 Marks] b. Discuss five (5) reasons for the successes of direct marketing in the market segments it has been used? [5 Marks] c. Explain five (5) reasons why direct marketing has failed in some situations?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Management Science

Authors: Bernard W. Taylor

11th Edition

132751917, 978-0132751919

More Books

Students also viewed these General Management questions

Question

Why did Dr. Rabb want to increase Ginas lithium level?

Answered: 1 week ago

Question

What type of therapy did Dr. Kohl use with Gina?

Answered: 1 week ago

Question

Why did Dr. Rabb suggest that Gina see a psychotherapist, Dr. Kohl?

Answered: 1 week ago