Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When considering the marketing mix, Promotion and Price are associated with the building of awareness of an organisation's product offerings, as well as, determining the

When considering the marketing mix, Promotion and Price are associated with the building of awareness of an organisation's product offerings, as well as, determining the amount customers are to be charged for purchasing the products. In view of this:

a) Explain the following FOUR (4) tools that are available within the promotion or communication mix:

i. Sales Promotion

ii. Personal Selling

iii. Direct Marketing

iv. Advertising

b) Identify any FIVE (5) media types available to organisations seeking to advertise their product/service offerings. (5 marks)

c) Explain the following THREE (3) competition-based pricing strategies that are available to organisations:

i. Monopolistic Competition

ii. Pure Competition

iii. Oligopolistic Competition

d) Identify ONE (1) illegal pricing strategy.

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

Marketing The Core

Authors: Roger A. Kerin, Steven W. Hartley, William Rudelius

5th edition

9780077517083, 78028922, 77517083, 978-0078028922

More Books

Students also viewed these Marketing questions

Question

1. Distinguish between creativity and innovation.

Answered: 1 week ago