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- A manufacturer of analog watches wants to get rid of their excess inventory as the product is in the decline stage. Suggest and explain the relevance of two sales promotional tools each for consumers, trade partners and sales force for such a product. Also, explain few decision factors in this context which must be considered while designing the sales promotion program for the consumers.3. Compare and interpret the difference between B2B (business to business) and B2C (business to customer) when they choose Internet Purchasing.Table: Factors causing the decline in sales Factors % Contribution Delayed deliveries 15% Lack of delivery personnel 8% Inaccurate sales orders 25% Wrong deliveries 32% Delayed invoicing 6% Pilferage 7% Expired items 7% a. Following the Pareto Principle, what are the vital factors or main contributors to the decline in sales? Show your Pareto Chart and indicate or label the vital factors or contributors to the problem. Hint: know the vital few % b. What are the vital factors or vital contributors to the problem? c. If the sales and marketing manager wants to reduce the impact of vital factors or contributors by 70%, what will be a good GOAL Statement to improve his sales problem? Hint: Use SMART GOAL
- What is the difference between purchase requisition and purchase order?Please review the following chart from Chapter 12. The Retail Business The Buying Function • Checking catalogs - Finding suppliers • Placing orders - Receiving and stocking • Seeing salespersons Taking inventory • Viewing showrooms The Selling Function · Advertising • Doing inside displays - Maintaining a clean store The Controlling Function - Cashiering • Checking invoices - Issuing credit • Keeping records • Making bank deposits Paying bills • Pricing • Selling • Trimming windows The chart discusses several functions within a retail business. Please also read Chapter 12 in your textbook. Of the three functions: 1. Answer which of them is the most important in your opinion. 2. Explain which is the least important in your opinion. 3. If you were required to add another function, what would it be. Explain this. You are required to write THREE detailed paragraphs total this week in your single post. Each paragraph must answer questions 1 through 3. The point value is 60 and your post is…List the customer service factors that would be vital to buyers in the following types of compa-nies: (a) manufacturing, (b) retailing, (c) hospitals, and (d) construction.
- If a merchandising company has a beginning inventory of $400,000 and an ending inventory of$200,000, and the company purchased $1,600,000 of inventory during the month, what is the company’s cost of goods sold?There are four categories of purchases that are made by the buying departmentdescribe below four categories of purchases. 1. Strategic products 2. Levarage 3. Bottleneck products 4. Routine productsPosing choices for the prospect in which either alternative represents a sale.“Would you prefer to order the paint and primer combination or purchase the items separately?”
- The business buying process is more comprehensive and complex because of the nature of the system in terms of volume, payment, nature, and application. NIDO wants to execute its business buying with its vendors. Briefly explain the steps that NIDO will use while executing the buying.NOTE: NIDO is a milk brand for baby sir plz explain in broadly for me thanks in advancePlease read below scenario in which a consumer explains how she made purchasing decision for a car. First of all, I decided on the price and security features of car. Then, I determined my criteria about other features such as the oil amount consumed per 100 km, diesel or gasoline and so on. When I searched for information on the Internet, I felt that Brand X can offer me favorable alternatives. I visited one of the showrooms of Brand X. I loved this red car and purchased it. Please select the name of Hierarchy of Effects that the consumer likely used. a) The Standard Learning Hierarchy b) The Low-Involvement Hierarchy c) The Experiential Hierarchy d) All the aboveA Marketing Management Information System (MIS) is a permanent arrangement (system or setup) for provision of regular availability of relevant, reliable, adequate, and timely information for making marketing decisions. Nowadays, the physical outlets and franchises of every brand are facing quite a setback in terms of sales due to the smart lockdowns. Hence, marketing meetings are held online, orders are received through websites and physical businesses are going digital; even newer brands are launched online first. So much so that certain brands are nowadays only launched and retained in the digital world. Based on your Business Domain (as already discussed), you are to select a new product, give the product-name, provide its description, the target audience, etc. Thereafter, draft a strategy for your tele-marketing / video-marketing technique (not emphasizing on social media) and answer the following questions: Q.No.1. For Marketing & order tracking purposes, which software…