Macroeconomics Key Concepts: National Wealth, GDP, and Market Equilibrium
Macroeconomic Principles
1) National wealth is:
a. The sum of public and private property values, minus net claims abroad.
2) If a foreign company sets up a subsidiary in our country and the operation is financed by foreign credit:
d. The GDP increases by the amount of the investment.
3) The activities performed by operators can be grouped into markets:
a. The markets of money and goods relating to financial and real flows.
5) The national income is:
c. Net national product at factor cost.
5) The national
Read MoreMarket Segmentation, Distribution Channels, and Product Life Cycle
Market Segmentation
Market segmentation is the process of dividing a broad consumer or business market into smaller groups or segments of customers with shared characteristics, needs, behaviors, or preferences. This allows companies to target specific groups more effectively with tailored marketing strategies, product offerings, and communications, rather than trying to reach the entire market with a single approach.
Forms of Market Segmentation
1. Demographic Segmentation:
- This form divides the market
Marketing Essentials: Strategies, Channels, and Consumer Behavior
Unit 15: Distribution Channels
Distribution channels are organizations participating in the process of making a product or service available for consumption. Intermediaries include merchants, agents, and facilitators. Their functions are to use scarce resources, perform better through specialization, and shift among channel members. Flows include forward-flow, backward-flow, and both forward and backward-flow.
Channel Levels
- Single
- Dual
- Reverse flow
- Multichannel: Using two or more channels to reach customer
Direct Marketing Plans: Strategies for Business Growth
1. Why and When to Use Direct Marketing Plans
We should use Direct Marketing plans for:
- Launching new products
- Seasonal campaigns (e.g., Christmas or Black Friday)
- Special promotions
- Loyalty programs or reactivating old customers
Importance: Direct marketing helps reach potential customers, generate quick responses, and allows companies to personalize campaigns for specific results.
Advantages:
- Precise segmentation of the target audience
- Increased customer loyalty
- Higher sales
- Direct customer feedback
2. How
Read MoreMacroeconomics and GDP: Lessons on Economic Measures
Lesson 1: Areas of Study
Definition of Macroeconomics, Microeconomics, and Paradox of Thrift
- Macroeconomics: The branch of economics that studies the overall functioning and performance of a nation’s economy, including growth, employment, inflation, and fiscal policies.
- Microeconomics: The branch of economics that analyzes the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
- Paradox of Thrift: A situation in macroeconomics where increased saving during
Economic Sectors, Concepts, and Industrial Types
Economy
The economy is the process or system by which goods and services are produced, sold, and bought in a country or region.
The Three Sectors of the Economy
Primary sector: Agriculture, the extraction of raw materials – fishing, farming, mining, forestry, agriculture…
Secondary sector: Industry, manufacturing industry, in which raw materials are turned into finished products – industry workers, plumbers, carpenters, electricians, factory managers…
Tertiary sector: The commercial services that
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