Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Exam (elaborations)

DECA Marketing Performance Indicators Questions and Answers Graded A

Rating
-
Sold
-
Pages
32
Grade
A+
Uploaded on
09-10-2023
Written in
2023/2024

Explain the concept of market and market identification. A market is a group of consumers who have a common interest, need or want of a given good or service. This group of consumers also must be able to purchase the product. Identifying a market is an important activity in marketing as products will not appeal to everyone. Marketers identify markets' common interests by classifying consumer's demographic, geographic and psychographic information. Examples of this information include age, income, education, zip code, buying behavior, and leisure activities. Identify the elements of the promotional mix. There are five main elements of the promotional mix, which can be remembered using the acronym PPADS. Personal selling is when sales representatives sell products by communicating directly with the consumer. Public relations involve managing the company's perceived image through non-paid advertising and different media channels. Advertising is any paid, non-personal activity that serves to promote the product. Direct marketing is advertising that is targeted at groups of potential consumers, using market segmentation. Sales promotion involves limited time offers that are used to promote sales. The elements of the promotion mix are personal selling, advertising, public relations, and sales promotion. Personal selling is direct contact between a salesperson and customer. Advertising is a form of nonpersonal promotion. Public relations is the development of a favorable image for a company, its products or its policies. Sales promotion includes activities that are used to create purchases and sales not related to the other types of promotion.

Show more Read less
Institution
Course

Content preview

DECA Marketing Performance Indicators
Questions and Answers Graded A
Explain the concept of market and market identification. ✔✔A market is a group of consumers

who have a common interest, need or want of a given good or service. This group of consumers

also must be able to purchase the product. Identifying a market is an important activity in

marketing as products will not appeal to everyone. Marketers identify markets' common interests

by classifying consumer's demographic, geographic and psychographic information. Examples of

this information include age, income, education, zip code, buying behavior, and leisure activities.




Identify the elements of the promotional mix. ✔✔There are five main elements of the

promotional mix, which can be remembered using the acronym PPADS. Personal selling is when

sales representatives sell products by communicating directly with the consumer. Public relations

involve managing the company's perceived image through non-paid advertising and different

media channels. Advertising is any paid, non-personal activity that serves to promote the

product. Direct marketing is advertising that is targeted at groups of potential consumers, using

market segmentation. Sales promotion involves limited time offers that are used to promote

sales. The elements of the promotion mix are personal selling, advertising, public relations, and

sales promotion. Personal selling is direct contact between a salesperson and customer.

Advertising is a form of nonpersonal promotion. Public relations is the development of a

favorable image for a company, its products or its policies. Sales promotion includes activities

that are used to create purchases and sales not related to the other types of promotion.

,Coordinate activities in the promotional mix. ✔✔For our company, I'd like to propose the

following promotional plan. For personal selling, we will have employees stationed in every

department of our store. For public relations, we will release updates regarding our product lines

in the form of press releases every 6 months. For advertising, we will utilize traditional media

(e.g. TV and radio ads, newspaper, etc.) as well as social media via our Facebook page and

Twitter feed. For direct marketing, we will promote a 30% discount for seniors during the

Monday-Friday 9am-4pm period. Finally, for sales promotion, we will hold a 3-week contest for

a Caribbean cruise, for customers with purchases over $50. By releasing these promotions over a

time period of approximately 4 months, we can regulate the flow of customers and steadily draw

in potential customers for the business.




Explain the types of promotion. ✔✔There are 2 main types of promotion. The first type is trade

promotion, which is focused on building support from intermediaries in the distribution channels.

An example would be setting up a booth at a trade show. The second type is consumer

promotion, which is focused on getting the final consumer to buy the product. An example

would be giving out coupons. Both promotion types are necessary in order to increase the

number of distribution channels and the size of the consumer base.




Describe factors used by marketers to position products/services. ✔✔When choosing how to

present a product, several factors must be taken into account. The first is the price and quality

desired; the low prices or the high quality may be stressed. Another factor is the features and

,benefits of the product; a desirable trait that consumers would believe they would gain from

using the product would be stressed. As well, the product in relation to competing products could

be a key point; if the product is superior due to design, it would help to solidify the company's

advantage. Finally, the connections to other products in the product line could be a factor that

would help to promote more than one product at a time.




Explain the nature and scope of the product/services management function. ✔✔Product/service

management involves any activities that focus on obtaining, developing, maintaining, and

improving products and services based on market research. This includes creating a product mix

and continuously updating it throughout the product life cycle. Product/service management is

very important when ensuring that everything in the product mix is optimal for the target market.




Explain management's role in the achievement of quality. ✔✔Management has 3 main functions

that outline its role in the company. Planning involves developing steps to aid employees with

carrying out their tasks. Organizing involves overseeing all employee tasks and offering help

when needed, to ensure completion of everything. Controlling involves analyzing past

performances and making decisions that will improve future tasks. By carrying out these

functions, management can work towards higher quality from all employees.




Explain the concept of marketing strategies. ✔✔Marketing strategies are plans that identify

target markets and coordinate marketing mix activities in order to effectively sell the

, product/service. The product positioning and key points of difference must be taken into account

when developing these strategies.




Identify communication channels used in sales promotions. ✔✔Sales promotions can be

communicated to consumers in a variety of ways. Word-of-mouth, standard media, and online

websites are all popular choices for sales promotions, as well as more subtle places such as

product placement and point-of-purchase displays.




Explain key factors in building a clientele. ✔✔When building a clientele, there are 3 main

factors that must be considered. The first factor is making the sale, which includes all activities

that sales representatives perform when interacting with consumers during the selling process.

The second factor is after-sales activities, which includes order processing and payment, the

customer's departure from the store, follow-up after the purchase, customer service and tracking,

and evaluation of employee performance. The third factor is customer relationship management,

which involves seeking out customers and keeping them satisfied with the use of technology and

customer loyalty techniques.




Explain the role of customer services as a component of selling relationships. ✔✔Customer

service is the direct link between the business and the consumer. When consumers have

questions, complaints, or comments about the product or their shopping experience, they will

contact customer service and inform them. It is important that employees working in customer

Written for

Course

Document information

Uploaded on
October 9, 2023
Number of pages
32
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$13.49
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Layer City University New York
Follow You need to be logged in order to follow users or courses
Sold
9
Member since
3 year
Number of followers
7
Documents
1666
Last sold
1 year ago
exams and notes

Credible notes and exams questions and answers at convenient rates

5.0

2 reviews

5
2
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions