The following statements relate to social media. Choose the correct answer for the statements being correct or incorrect. Statement I Social media does not allow users to interact among themselves. Statement II Social media helps facilitate the consumer's decision process by encouraging need recognition, information search, alternative evaluation, purchase and post purchase reviews.
Which of the following statement is true?
1. In licensing, financial risk is on the licensee and there is less investment from the parent firm.
2. Joint venture focuses on specific project or other business activity.
3. The focus of the company should be to get the right product, to the right place, at the right time.
Assertion (A) Marketers are increasingly asked to justify their investments in financial and profitability terms and rarely in terms of building the brand and customer base. Reason (R) Organisations recognise that little of their market value comes from intangible assets.
Marketers should be aware of laws, government agencies and pressure groups that influence or limit various organisations and indivtduals in a given society. This is most accurately described as which one of the following environment?
Companies selling mass consumer goods and services such as soft drinks, cosmetics, air travel, and athletic shoes and equipment spend a great deal of time trying to establish a superior brand image in markets called . . . . . . . .