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a. Supply __C__Expensive
2. According to the text, mention the things people take into account to determine
the demand.
According to the reading, what should be taken into account to determine the
demand is to carry out an investigation where you can determine the tastes or
preferences, number of consumers, income, consumer expectations and the prices
of related goods.
F ( ) V (X)
b. As greater the expectations are, the lower will be the offer from the companies.
F (X) V ( )
a. What is Benchmarking?
The processes that must be taken into account in the benchmarking are:
planning, analysis, integration and action
The aspects that must be taken into account in the benchmarking are the following:
1. product
2. Price
3. Sales systems
4. Payment systems
5. Advertising
6. Promotion
7. Location
8. Organization
9. Planimetry
5. Write the vocabulary (20 words) from the reading, and make a Glossary:
Organize the words in alphabetic order and write the meaning of each word.
Marketing: Set of techniques and studies that aim to improve the marketing of
a product.
Place: It represents the location where a product or service can be purchased and
the distribution channel. coverage, assortments, locations, inventory and
transportation of the product or service.
Price: It´s is the amount a customer pays for the product. it includes Retai
supply curve: The firm's supply curve shows the quantity that a producer is willing
to sell of a good, at a given price, keeping constant the other factors that may
affect the quantity supplied.
6. Write a ten lines text that summarizes the topic of the activity.
In reading, we find about supply and demand, which are two very important
concepts
in the economy, are related to each other.
Demand: refers to the desire, capacity and willingness of consumers to buy any
product.
supply: relates to the ability and willingness of producers to offer products for sale.
them toward buying your products and/ or services.
Supply: it is related to the ability and disposition of producers to offer products for
sale.
supply curve: The firm's supply curve shows the quantity that a producer is willing
to sell of a good, at a given price, keeping constant the other factors that may
affect the quantity supplied.
We also find the factors that determine them, a variety of tools are used to achieve
the objectives of a company by performing a combination called marketing mix that
refers to the types of marketing variables.
The 4 P's of the marketing mix are: price, promotion, place, product.