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Explain Why Marketers Believe That the Possibilities for Customer Value

question 251

Essay

Explain why marketers believe that the possibilities for customer value creation are greater in the digital marketspace than in the physical marketplace.


Definitions:

Proven Product

A product that has been demonstrated to meet customer expectations and achieve market success through sales performance and customer acceptance.

Product Distribution

The process of making a product available for consumption by dispersing it through the market.

Trade Name

The name under which a business operates and is known to the public, differing from the legal name of the business.

McCormick

A company known for producing spices, herbs, and flavoring products for the food industry.

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