subject
Mathematics, 14.07.2020 22:01 lopez80

The term marketing mix refers to the different components that can be controlled in a marketing strategy to increase sales or profit. The name comes from a cooking-mix analogy used by Neil Borden in his 1953 presidential address to the American Marketing Association. In 1960, E. Jerome McCarthy proposed the "four Ps" of marketing—product, price, place (or distribution), and promotion—as the most basic components of the marketing mix. Variables related to the four Ps are called marketing mix variables.

A market researcher for a major manufacturer of computer printers is constructing a multiple regression model to predict monthly sales of printers using various marketing mix variables. The model uses historical data for various printer models and will be used to forecast sales for a newly introduced printer.

The dependent variable for the model is:
y= sales in a given month (in thousands of dollars)

The independent variables for the model are chosen from the following marketing mix variables:

x1= product feature index for the printer (a score based on its quantity and quality of features)
x2= average sale price (in dollars)
x3= number of retail stores selling the printer
x4= advertising spending for the given month (in thousands of dollars)
x5= amount of coupon rebate (in dollars)

The market researcher decides to predict sales using only the average sale price, the advertising spending for the given month, and the amount of the coupon rebate. Write down the multiple regression.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 20:30, ericka79
Use complete sentences to differentiate between a regular tessellation, and a pure tessellation. be sure to include specific types of polygons in your explanation.
Answers: 2
image
Mathematics, 21.06.2019 20:40, kaylabethany
How is the equation of this circle written in standard form? x2 + y2 - 6x + 14y = 142 a) (x - 3)2 + (y + 7)2 = 200 b) (x+ 3)2 + (y - 7)2 = 200 (x - 6)2 + (y + 14)2 = 142 d) (x+6)2 + (y- 14)2 = 142
Answers: 1
image
Mathematics, 22.06.2019 00:00, madisonwr
Afarmer has decided to divide his land area in half in order to plant soy and corn. calculate the area of the entire area so he knows how much soil is needed. each bag of soil covers 20 square yards. how many bags should the farmer purchase? (4 points) 1 bag 2 bags 3 bags 4 bags
Answers: 2
image
Mathematics, 22.06.2019 01:50, Savageman9509
The length of time it takes to find a parking space at 9 a. m. follows a normal distribution with a mean of 5 minutes and a standard deviation of 2 minutes. find the probability that it takes at least 8 minutes to find a parking space. (round your answer to four decimal places.)
Answers: 1
You know the right answer?
The term marketing mix refers to the different components that can be controlled in a marketing stra...

Questions in other subjects:

Konu
Mathematics, 12.02.2021 14:00
Konu
Mathematics, 12.02.2021 14:00
Konu
Mathematics, 12.02.2021 14:00
Konu
Mathematics, 12.02.2021 14:00