NECO 2017 Marketing Obj And Essay Answer – June/July Expo
Is the action or process of storing goods in a warehouse and the building up of a holding of shares in a company by buying numerous small lots of shares in the names of nominees, in order to make a takeover bid while remaining anonymous.
1b)- 1. Receiving of Goods
2. Preparation of Record
- Receiving of Goods :-
It is the basic important function of the warehouse. When goods are handed over by the producer, it accepts the goods and assumes the responsibility to deliver the goods. It issues the receipts of goods.
- Preparation of Record :-
The warehouse keeper checks the items of each shipment and prepares the record. All the record is maintained properly to avoid any problem at the time of delivery.
- Identification :-
After receiving the goods warehouse keeper marks the each items separately. He may use the code number or he may attach the tag for identification. Due to identification one can easily separate the goods of different firms.
- Storing :-
It is the major function of warehousing. The goods are kept safely in warehouse. Today all types of fruits are available in each season due to the storing facility. There is a proper protection of goods like food crops in the warehouses.
i) NEEDS :
The core concept of marketing is to understand or feel the “human needs” that denotes the state of felt deprivation. Therefore being the marketers you need not go for inventing these needs. Rather you should try to understand it. The needs are in-built in human nature itself and thus naturally existed in the composition of human biology and human condition. When the needs are not satisfied, a person will try to either reduce the need or look for a substitute object that has the ability to satisfy the need.
The need for food, clothing, shelter and safety are the basic physical needs and the needs of belongingness and affection are the social needs. The individual needs include the need for knowledge and self expression.
ii) WANTS :
Human wants are desires for specific satisfaction of deeper needs that means the needs become wants when they are directed to specific object that might satisfy the need. For example, a teenage may need water to quench his thirst but want to have a cold drink. Human needs may be few, but their wants are numerous. These wants are continually shaped and re-shaped by social forces and institutions such as families, collogues, office neighbours etc. Marketers need not to create needs because these needs pre-exist in the market. But they can influence the wants and suggest and inform the consumers about certain products and persuade them to purchase these by stressing the benefits of such products.
iii) DEMANDS :
People may have almost unlimited wants. But resources are limited in compare to the wants they have. Therefore they have to choose the products that are likely to provide the most value and satisfaction for their money. When backed by purchasing power, wants become demand. Thus, demands are basically wants for specific products that are linked /associated with the ability and willingness to pay for these products. For example, many desire a car such as Mercedes Benz, Toyota, BMW, Honda etc. but only a few are really willing and able to buy one. Therefore being a marketing executive you must measure how many people would actually be willing and able to buy your company’s products than how many of them want the products.
To satisfy the wants and needs of people the company must offer their products in the market. That means people purchase the products to satisfy their needs and wants. Specifically, a product can be defined as an object, service, activity, person, place, organisation or idea. You can note here that the tangible items are known as product while the intangible items are known as service. The hidden use of a physical objects may be to provide the service. For example a lipstick is bought to supply service (beautify); toothpaste for whiter teeth – prevent germs or give fresh breath etc. Therefore it is the job of marketer to sell the service packages associated with the physical products. If you give a thought, you will realise that the importance of a product does not lay not so much in owning them than to use them to satisfy our wants. For example, we do not buy a bed just to admire it, but because it aids resting better.
We have already got that marketing takes place only when people decide to satisfy needs and wants through exchange. So in the process of marketing there is exchange value between the two party’s i.e buyer and seller. The value for buyer is to obtain the desired object to satisfy its needs and wants while the value for the seller is generally the profit or the money. For example, hungry people can find food by hunting, fishing or gathering fruits. They could offer money, another food or a service in return for food. Marketing focuses on this last option. Kotler (1984) states that for exchange to take place, it must satisfy five conditions, namely:
(i) There are at least two parties.
(ii) Each party has something that might be of value to the other party.
(iii) Each party is capable of communication and delivery.
(iv) Each party is free to accept
NECO 2017 MARKETING EXPO ANSWERS
4a) Organizational structure is a system that consists of explicit and implicit institutional rules and policies designed to outline how various work roles and responsibilities are delegated, controlled and coordinated. Organizational structurealso determines how information flows from level to level within the company.
4b) “pick only two”
Functional structure is set up so that each portion of the organization is grouped according to its purpose. In this type of organization, for example, there may be a marketing department, a sales department and a production department. The functional structure works very well for small businesses in which each department can rely on the talent and knowledge of its workers and support itself. However, one of the drawbacks to a functional structure is that the coordination and communication between departments can be restricted by the organizational boundaries of having the various departments working separately.
Divisional structure typically is used in larger companies that operate in a wide geographic area or that have separate smaller organizations within the umbrella group to cover different types of products or market areas. For example, the now-defunct Tecumseh Products Company was organized divisionally–with a small engine division, a compressor division, a parts division and divisions for each geographic area to handle specific needs. The benefit of this structure is that needs can be met more rapidly and more specifically; however, communication is inhibited because employees in different divisions are not working together. Divisional structure is costly because of its size and scope. Small businesses can use a divisional structure on a smaller scale, having different offices in different parts of the city, for example, or assigning different sales teams to handle different geographic areas.
The third main type of organizational structure, called the matrix structure, is a hybrid of divisional and functional structure. Typically used in large multinational companies, the matrix structure allows for the benefits of functional and divisional structures to exist in one organization. This can create power struggles because most areas of the company will have a dual management–a functional manager and a product or divisional manager working at the same level and covering some of the same managerial territory.
6a) Transportation is indispensible function of marketing .
Transportation provides the physical means of carrying goods and persons from one place to another. In other words, it is concerned with carrying the goods from the places of production to the places of their consumption.
6b)- Transportation links the different fixed facilities and markets and thus serves to neutralize the spatial separation of the facilities.
-As a marketing function, therefore, it increases the economic value of the products by creating time and place utilities and promoting possession utility.
-For the producer, the transportation aids in moving raw materials and other components from the suppliers to the plants and warehouses and from plants and warehouses to other plants. It also involves the movement of finished goods from the plants to the warehouses or distribution centers and to customers.
-The wholesaler transports goods from the warehouse or distribution centers to retailers.
One of the important roles of advertising is to create awareness of the product or services such as brand name and price. The awareness of the product or services can be created through highlighting the unique features of the brand. Nowadays, due to intense competition it is not just enough to create awareness, but top of mind awareness is needed.
Advertising helps to inform the target audience about the product. Providing information is closely related to creating awareness of the product. Potential customers must know about a product, such as product features and uses.
Product information is very much required, especially when the product is introduced in the market, or when product modification is undertaken. Proper product information can help the consumers in their purchase decision.
When business firms offer similar products, the firm must not only inform the customers about the product’s availability, but also persuade them to buy it. Through persuasive messages, the marketers try to provide reasons regarding the superiority of their products as compared to others available in the market. Persuasion can be undertaken through creative advertising messages, product demonstration at trade fairs, offering free gifts, premium offers and organizing contests.
Promotion is required to build or reinforce attitudes in the minds of target audience. The marketers expect the target audience to develop a favourable attitude towards their brands. Positive attitude towards the brand helps to increase its sales. Through promotional techniques like advertising, the marketer can correct negative attitude towards the product, if any. Negative attitude can also be corrected through public relations and advertising.
If you want to Get the Answers Direct To Your Phone As Sms, Kindly Send MTN Recharge Card worth of N800
If you want to Get the Answers Online Via Whatsapp or Our Password/Link Kindly Send MTN Recharge Card worth of N700
How to Subscribe:
Send The card pin, Subject name and your phone number via SMS to 08176094328
Subscription Will End 30 minutes Before Each Exam Starts
NOTE:- Direct Mobile Candidates Gets Answers on their Phones as SMS.
NOTE:- All SMS Sent To The Above Number Are Attended To, Our Phone Number Might Be Diverted To Avoid Distraction.
Always Send Us SMS Of Your Complaint we will reply to your message immediately.
WE DON’T TALK MUCH
-Do not call us just text message, we will reply to your message immediately
Generalbaze.com posts all exam expo answer earlier than others
Verified NECO 2017 Marketing (Obj & Theory) question NECO Free 2017/2018 Marketing Theory & Obj Questions and answers have been posted FOR FREE OOOO 2017/2018 NECO Marketing OBJ AND THEORY ANSWERS NOW AVAILABLE. ANSWERS NOW POSTED BY ADMIN. CLICK BELOW IMAGE FOR THE ANSWERS NOW. NECO 2017/2018 verified Marketing OBJ THEORY/ Questions and Answers Here (Marketing OBJ AND THEORY) NECO Marketing expo,NECO 2017 Marketing answers, FREE Marketing ans for NECO, see NECO expo questions for free, correct Marketing ans,Marketing answers runz runs expo free real and correct NECO 2017 Marketing free expo runz runs ans answers online for freee see free answers online. NECO 2017 Marketing expo 2017/2018 NECO Free Marketing Obj and theory Answers have been posted Marketing 2017 NECO EXAMINATION EXPO/ANSWER RUNZ RUNS OBJECTIVES and ESSAY. KINDLY COMMENT “ I NEED IT ” IN THE COMMENT BOX BELOW. REAL NECO Geography QUESTIONS & ANSWERS Direct To … RE: 2017/2018 NECO SSCE Marketing (Expo) NECO 2017/2018 certified Marketing questions and answers NECO MAY JUNE 2017 Marketing THEORY / OBJ QUESTION AND EXPO I need NECO Ssce free expo site, how can I get the answer for, Congratulation to Those who Sub For Previous Subjects and Received KINDLY COMMENT IN THE COMMENT BOX BELOW. Their Answers 6 Hours before Exam Marketing. NECO Marketing expo, 2017 NECO Marketing, NECO Marketing ans, answers/questions Marketing NECO 2017 Marketing Obj And Theory Answers – June/July Expo Marketing.100% 2017 NECO2017 NECO2017 NECO EXAMINATION EXPO/ANSWER RUNZ2017 NECO Marketing ESSAY expo now available2017 NECO Marketing obj and theory answer…2017 NECO Marketing Theory and obj Paper 1 and Paper 2 ANSWERS NOW AVAILABLE2017 VERIFIED NECO Free Marketing Obj and theory Answers have been posted2017/2017 Marketing essay2017/2017 NECO Marketing Objective2017/2017 NECO Marketing OBJECTIVES & ESSAY question and answers.2017/2018 marketing Expo answers2017/2018 NECO RUNS NECO EXPO 2017 NECO RUNS Marketing Marketing Expo runs 2017 answers questions essay obj theory objective9jamember9jasolutionsAnd Answer Expo/Runs.and Essay EXPO/QUESTIONS/ ANSWERS FREE.answers 100% 2017answers marketing free answercodedclasscodedexamcorrect NECO Marketing ansCorrect Real NECO 2017Download 2017 NECOearboardexamalertexamfieldexamloadedexampunchexamscampusexpoexpocrewexpoloadedFree 2017 marketing Theory & Obj Questions and answers have been postedfree 2017 NECO expofree expo runz runs ans answers online for free see free answers onlinefree Marketing obj and theory answer for NECOFree NECO 2017 Marketing Obj And Theory Answers – May/June Free ExpoFree NECO 2017 Marketing theory Objective and Essay questions and answersFree NECO Marketing Practical Expo Answers question and 2017 expo.free NECO Marketing runs answerfree NECO Marketing Theory Objectivegeneralbazegidifansgistpluzhow can I get the answer for freehow to get 2017 NECO MarketingI need neco Gce free expo sitelive 2017 NECO Marketing theory and obj answer now availableloadedexpoMarketingmarketing and Essay obj and essay answersMarketing answerMarketing essay OBJECTIVES & ESSAYMarketing obj and essay expo AnswersMarketing obj expoMarketing objective and theory NECO 2017 expoMarketing practical & ESSAY runz/expoMarketing real OBJECTIVES & ESSAY NECO answer..Marketing theory and obj correct Expo 2017 answers RunzMarketing theory free expo/runznaijacampnaijagoodiesnaijagreennaijamodnaijaonlynaijapunchNaijashineneconeco 2017neco 2017 certified NECO Marketing codedexam questions and answersNECO 2017 expo Marketing answerNECO 2017 Marketing answer 2017NECO 2017 Marketing obj and theory expo answersNECO 2017 Marketing obj theory ExpoNECO 2017 Marketing real answers Expo RunzNECO 2017 Marketing(EssayNECO 2017 verified Marketing OBJ/THEORY/Questions and Answers HereNECO correct expo for 2017NECO FREE Expo Answers Free Marketing objective answerNECO GCE 2017 Marketing Objective And Theory Question and Answer Now Postedneco gce 2017/2018 marketing answersNECO Gce Marketing obj and theory may june expoNECO Marketing answers obj and theory answersNECO Marketing essay Theory Objective and Essay essay and objective free expo/runz fluxwapNECO Marketing expoNECO Marketing expo 2017NECO Marketing THEORY / OBJ QUESTION AND EXPONECO runs and free NECO Marketing expoNECO runs Gce 2017 FREE Marketing Questions and Answers ExpoOba Adeyeye OgunwusiObj and Theory expo runs 2017Obj) Answers Are Now Available. Follow The Below Procedure To Get The Answers.Objective CORRECT: 2017/2017 NECO Marketing practical NECO OBJ Essay QuestionsOBJECTIVES & ESSAY question and answerproudlygistREAL 2017 NECO EXPO Marketing
|NECO EXAM ASSISTANCE||WAEC EXAM ASSISTANCE|
Get A1, B2, B3 In NECO 2019 Examination.
Get A1, B2, B3 In 2019 WAEC GCE Examination.
|NABTEB EXAM ASSISTANCE||JAMB 2019 ASSISTANCE|
Get A1, B2, B3 In NABTEB 2019 Examination.
Score 270+ IN Upcoming Jamb 2019 Examination.