Marketing

The political environment encompasses the laws, government agencies, and pressure groups that influence and constrain various organizations and individuals in a society. It is a key element of the...

Pleasing Products are products that provide immediate gratification to the consumer but may be harmful to the consumer in the long term (e.g., cigarettes, junk food, fast fashion). These products...

An opinion leader is a person in a reference group who, because of special skills, knowledge, personality, or other characteristics, influences others in that group. They are informal but powerful...

Optional Product Pricing is a strategy that sets prices for options or accessory products that are offered alongside a core product. In **Optional Product Pricing**, a company must decide which...

A positioning statement is a statement that summarizes the company's and brand's positioning in a concise and clear manner. It serves as an internal guide for developing the marketing mix. A...

Positioning is a set of actions that aim to position a market offering in a clear, distinctive, and desirable place in the minds of target consumers relative to competing products. This is the third...

The Outside Sales Force consists of sales professionals who travel to visit customers on-site (in their offices, homes, or facilities). They are the primary contact between the company and the...

Packaging encompasses the activities of designing and manufacturing the package, box, or container for a product. It is the customer's first "encounter" with the product and is a powerful marketing...

Observational research is a method of collecting primary data by observing appropriate people, actions, and situations. The researcher collects data by watching what people do, rather than asking...