MANAGEMENT

Detailed explanation-1: -Effective marketing begins with a good product. The route a product follows and the businesses involved in moving a product from the producer to the final consumer. Which of the following is an example of personalized promotion? Any form of communication used to inform, persuade, or remind.

Detailed explanation-2: -Successful marketing starts with market research. One of the most important goals of market research is to identify a target market, explains the U.S. Small Business Administration. Target markets are those that your company can reach and whose members are likely to buy your products or services.

Detailed explanation-3: -An effective marketing strategy should consider customer preferences and interests. Firms should attempt to instigate a data-capture strategy wherever possible. By capturing data from customers and clients, companies can build and develop trusting relationships which will further enhance the firm’s offerings.

Detailed explanation-4: -Marketing effectiveness is measured by how well a company’s marketing strategies increase its revenue while decreasing its costs of customer acquisition. You will always win the day if your marketing continually lowers the costs of finding and winning business, while also increasing the value of that business.

Detailed explanation-5: -The purpose of marketing is to reach your target audience and communicate the benefits of your product or service-so you can successfully acquire, keep, and grow customers.