01-Introduction to Marketing Quiz

The term “Product life cycle” can be also used to describe the life cycle as a service:

Marketing and advertising are the same thing:

Marketing is the process of understanding how much of a demand there is for
your real estate service, who is most likely to use your real estate service, how to
price your real estate service so that your target audience is most likely to use
your service instead of your competitors, understanding who your target
audiences, and much more?

Market segmentation is the process of breaking up the entire Market into smaller
manageable pieces that allows you to Target specific groups, identify who you
should spend your marketing Budget on, and helps you maximize marketing
results.

One strategy to increase your marketing budget is:

A competition and a SWOT analysis are the same thing:

In a competition analysis, internal factors go where?

In a competition analysis, external factors go where?

In traditional products, such as Coca-Cola, automobiles, cellular telephones, Etc, the
product life cycle revives the product when the company Manufactures and markets a
new product…. this process resets the product life cycle end keeps the company at the
Forefront of competition and in the consumers Minds. Applying the product life cycle
concept to your real estate business, you can keep yourself relevant, at the Forefront of
your competition, and in consumers Minds by consistently marketing, advertising, and
representing all of the new properties that come to market that fit within your target
audience:

FAB is the process of advertising yourself, properties, etc. based upon unique:

When setting an advertising budget, good amount of total revenue That you should
reinvest into your advertising budget is: