Class notes
Lecture notes - Anticipating Demand
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Easy to understand notes in a logical order with practice questions to help you retain your information.
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Some examples from this set of practice questions
1.
What is the role of marketing?
Answer: Marketing is the process of anticipating and then satisfying customer needs to make a profit
2.
What is a mission?
Answer: The mission is the overall purpose of the business.
3.
What is the vision?
Answer: The vision is the overall goal of the business.
4.
What are the aims?
Answer: The aims are the statements of what the business wants to achieve.
5.
What are the objectives?
Answer: The objectives are a more detailed version of the company\'s aims.
6.
What is a corporate objective?
Answer: They are objectives that relate to the business as a whole.
7.
What does S.W.O.T mean?
Answer: Strengths, weaknesses, opportunities and threats.
8.
What is meant by \'market share\'?
Answer: The market share is the portion of a market controlled by a particular company or product
9.
What does USP stand for?
Answer: Unique selling point
10.
How do businesses use marketing?
Answer: Businesses use marketing to boost sales, promote and get ahead of the competition.
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