Describe what is meant by a consumer’s buying power. How might this affect a marketing strategy?


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Describe what is meant by a consumer’s buying power. How might this affect a marketing strategy?


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The Marketing Environment

Describe what is meant by a consumer’s buying power. How might this affect a marketing strategy? Give three examples.

Question 2:  Consumer Buying Behavior

Why is it important for marketers to recognize the stages that a consumer goes through in making a purchase decision? Explain using Apple or Microsoft as an example.

Question 3: Retailing, Direct Marketing, and Wholesaling

What is a store’s image, and how does it affect retailing strategy decisions?  Use a particular store to describe the effect image has on retailing strategy decisions.