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Q: Why is it important for marketers to understand consumers?
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How can marketers use this understanding to help consumers acquire the products and services they need and or want?

The American Marketable Associations commits itself to promoting the highest standards of professionalism and ethical norms. So marketers can understand the process of of consumers and the products marketers consumes.


Explain why elasticity of demand is such an important concept to marketers who sell a commodity product?

Elasticity of demand is important to marketers because it helps them know the optimal price for the product. When a product is priced too high, the consumers may opt for a competitor's product.


Which of the following do marketers use to give consumers a special reason for them to purchase a product or servic?

Which of the following do marketers use to give consumers a special reason for them to purchase a product or servic


How do marketers use?

Marketers use VALS to understand the costumer's. The more consumers know about customers they can market products that appeal to the customers. Consumers use VALS so they can cut down on advertising because they already know what the customers wants and needs. Are you asking this for school? I hope not because this info is on line without having to ask someone else.


How do marketers use VALs?

Marketers use VALS to understand the costumer's. The more consumers know about customers they can market products that appeal to the customers. Consumers use VALS so they can cut down on advertising because they already know what the customers wants and needs. Are you asking this for school? I hope not because this info is on line without having to ask someone else.


When planning marketing startagies during times of inflation marketers must be aware inflation causes consumers to?

a


What does the goods and services continuum enable marketers to understand?

The goods and services continuum enables marketers to see the relative goods/services composition of total products.


Why is knowledge of demographics important to marketers?

Knowledge of demographics helps marketers better understand their target audience, enabling them to tailor their products, services, and marketing strategies to meet the specific needs and preferences of different consumer groups. This allows marketers to create more effective and targeted campaigns that resonate with their intended audience, leading to higher levels of engagement and conversion. Understanding demographics also helps marketers identify emerging trends and opportunities in the market.


How can marketers develop strategy based on consumption sub-cultures?

Marketers can develop strategy by attempting to use the most respected members of a consumption subculture as a means for identifying trends and influencing consumers in the mass market


What is the need to study post purchase behaviour of consumers. Explain its implication for the marketers of consumer durables?

This is a statement and clearly for school.


Laws relevant to most marketers include laws aimed at promoting fair competition and at .?

preventing deceptive advertising and marketing practices, protecting consumer privacy, and regulating data collection and usage. These laws ensure that marketers operate ethically and transparently, promoting trust between businesses and consumers in the marketplace.


Imaginative websites smartphone apps and social media allow marketers to deliver messages that are direct and personal so consumers can?

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