Explain the Difference Between Conventional,vertical,horizontal and Hybrid Marketing Systems and Why

question 40

Essay

Explain the difference between conventional,vertical,horizontal and hybrid marketing systems and why marketers might adopt each.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Deductive Reasoning

A logical process where one reaches a specific conclusion based on general principles or premises that are assumed to be true.

Inductive Reasoning

A method of reasoning in which specific observations or examples are used to form general conclusions or principles.

Environmental Factors

Elements outside the organization that can impact its performance, such as economic, social, technological, and political conditions.