Name the Three Value Disciplines.Why Do Firms Establish Them

question 139

Essay

Name the three value disciplines.Why do firms establish them?

Recognize the use of slang and jargon and their appropriateness in different contexts.

Understand the appropriate use of slang words in communication.

Grasp the importance of selecting clear and effective words for communication.

Identify and differentiate between technical words, slang, and jargon.

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Definitions:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products; traditionally comprised of four Ps: Product, Price, Place, and Promotion.

Product

The specific combination of goods, services, or ideas that a firm offers to consumers.

Market Segmentation

The method of segmenting a market into unique groups of purchasers, each with their own needs, traits, or behaviors, who may need different products or marketing approaches.

Luxury Car Wash

A premium service providing thorough cleaning, polishing, and detailing of automobiles, emphasizing high-quality care and customer service.