Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Marketing Management Expert

Uses or importance to economy:

1.       Production: suitable production, functions are adopted to meet the market demand. In the absence of marketing research, production will be undertaken without knowing its ultimate result. It may exceed the market demand or may lag behind. It may not meet the consumer's needs, interest and willingness to purchase.

2.       Distribution: the marketer researcher finds suitable channels of distribution. Those coming in the channel of distribution may get a reasonable margin for their services. Thus, the products and distributers are benefited.

3.       Employment: the increased production, widespread distribution and promotion functions increase employment opportunities in the country. Increasing production requires more personal, distribution needs more businessman in the areas of wholeselling and retailing.

4.       National income: with the increase of production, distribution and marketing activities, the national income increases. The diversified economic activities act as an impetus to the growth of the nature income.

5.       Reduce recession: recession occurs when the production exceeds the capacity of the market. Production and the market can be avoided with the use of the findings of marketing research.

6.       Avoid crisls: similar to recession, a crisis is also trouble some to the people. The scarity of production causes a crisls in the economy, and it is unable to meet the market demand. If the findings of market research are used, between the market and production can be corrected.

7.       Non -profit organizations: the use of marketing research has not been extended to non profit organizations to find out their Clints and to pursue them in an effective manner to receive their support.

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M9508511

Have any Question?


Related Questions in Marketing Management

Question case analysis the cases provide an opportunity to

Question: Case Analysis: The cases provide an opportunity to examine concepts in greater detail and develop problem solving and decision making skills. Students are expected to read and analyze each case, develop and sub ...

Question select a product with a marketing problem of your

Question: Select a product with a marketing problem (of your choice) and write a three- to four- page paper (excluding the title and reference pages) based on the issues below. Be sure to follow APA formatting and use a ...

Question review marketing mixselect one of the four

Question: Review Marketing Mix. Select one of the four elements in the marketing mix for your brand that you are having the most difficulty in defining. Provide the best initial idea or ideas that you can, and explain wh ...

Question assignment instructionswe are once again going to

Question: Assignment Instructions We are, once again, going to focus this information on a specific area...Marketing. Please read all of the articles provided in the lesson section for this week to give you a good idea o ...

Question research identify and discuss what the marketing

Question: Research, identify, and discuss what the marketing mix is as well as why it is important to a business. The requirements below must be met for your paper to be accepted and graded: • Attempt APA style, see exam ...

Question for case assignment please address the following

Question: For case assignment, please address the following questions: 1. Problem Statement: What is the key marketing management problem/opportunity the decision-maker faces in the case study? Don't confuse symptoms wit ...

Question you will research the various elements of the

Question: You will research the various elements of the marketing plan as it relates to this company. In Unit VI you will provide a comprehensive discussion of the promotion strategies of your company. Promotion This sec ...

Learning outcomethe completion of this assignment requires

Learning Outcome The completion of this assignment requires you to demonstrate the ability to: - Demonstrate from relevant research literature, a sound understanding of contemporary perspectives of the strategic role of ...

Question respond to the followinghow has the internet

Question: Respond to the following: How has the internet affected marketing research? As a part of your answer address time, cost, approaches, or validity. The response must be typed, single spaced, must be in times new ...

Question write a 700- to 1050-word paper in which

Question: Write a 700- to 1,050-word paper in which you: 1. Identify five recent commercials that you have seen or watched that you believe are effective at advertising. 2. Identify the part of the Hierarchy of Effects M ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As