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Lecture notes - Anticipating Demand $3.85   Add to cart

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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  • February 14, 2021
  • 1
  • 2020/2021
  • Class notes
  • N/a
  • Anticipating demand
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Available practice questions

Flashcards 36 Flashcards
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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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