Business Awareness Questions

The task of any business is to deliver Customer value at a profit.

The term 'degrees of newness' is associated with degree of design change. How much the design changes that much newness comes in it.

Sales promotion uses both media and non-media marketing communications for a pre-determined, limited time to increase consumer demand, stimulate market demand or improve product availability.

Sales promotions include Coupons, Rebates, Free Samples, etc... Online Ads come under advertising form.

Smoke alarms are also necessary in public places like banks, theaters, rest rooms, aeroplanes,...

Final goods and services refer to goods and services that have been purchased for final use and that cannot be resaled.

The main motive behind dealer incentives is to give the products at some low price for the dealers who take the products in bulk and maintain good selling of these products.

An improvement in production technology will shift the supply curve to the right.