Business, 11.12.2019 06:31 tainy98

What is market information management?

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Market information management is a system that involves processes, people and equipment, with the objective of collecting, selecting and analyzing information and passing it on to the marketing responsible so that they can make more assertive decisions.

Explanation:

Simply put, it is the data - internal and external - that can be analyzed and systematized in order to help the marketing manager to be more clear in making decisions in the area.

Currently, when becoming a customer of a company, the customer does not create expectations only in relation to the product or service, but also about the entire process of discovering that solution.

The information he had access to, from customer service and after sales, influences this journey, so that market information management must capture information from all these stages.

Market information management involves not only collecting this information, but also systematizing it.

Data, apparently random and disconnected, are worked on and used to understand a particular buying behavior or market trend. This is only possible when they are analyzed correctly and also made available to the professional trained to interpret this data and transform them into decisions.

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

Whats the answer choices, but a fiscal policy is the means by which the government adjusts its spending limit and tax rates to monitor and influence a nation's economy.

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