When Marketing Manager Suzie Kwan Discusses Factors and Forces Outside

question 44

True/False

When marketing manager Suzie Kwan discusses factors and forces outside marketing,such as political ones that affect marketing management's ability to build and maintain successful relationships with target customers,she is talking about the external marketing concept.

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Definitions:

Dynamic Pricing

Dynamic pricing is a strategy where businesses set flexible prices for products or services based on current market demand.

Equilibrium

A condition where the supply and demand in the market are equal, leading to steady prices.

Advanced Analysis

Advanced analysis refers to complex techniques and methods used to examine data, processes, or systems in depth, often to make predictions or informed decisions.

Equilibrium Level

When market demand matches supply, it results in stable pricing, indicating a state of balance.