Describe the Concept of Changing Social Contract by Differentiating Between

question 83

Essay

Describe the concept of changing social contract by differentiating between the new and the old contract.

---

Definitions:

Marketing Mix

A foundational model in marketing representing the basic elements that can be controlled to appeal to customers, traditionally defined as product, price, place, and promotion.

Market Segment

A group of consumers who respond similarly to a firm’s marketing efforts.

Responsive

The ability of a system or design to adapt effectively to different devices, environments, or user needs.

Segmentation Strategy

Segmentation Strategy involves dividing a broad market into distinct subgroups of consumers with common needs or characteristics, to target them more effectively.