Following are the Marketing, Marketing Strategy, Branding, Product Mix, Advertising, Product Positioning, Promotion Related Questions and Answers:
Marketing Related Q&As:
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Name: Manasa
Question: How do we measure the return of investment on expenditure on marketing of a new age start up?
Answer: One can Measure Return on Investment (RoI) of Marketing Expenditure of a Startup based on:
i) Increase in Sales/Revenues in the Quarter/Financial Year,
ii) Increase in Number of Customers/Customer Base,
iii) The Increase in Good Will of the Organization / The Increase in Popularity of Organization Through Word of Mouth,
iv) The Increase in Conference/Seminar Invites for the CEO/Team of the Organization
v) The Increase in Media Coverage in Newspapers, TV Channels, Magazines
Some of the Positive Effects or Positive Returns Takes Time; They Start Showing Effect after Certain time, May not be immediately.
Sometimes, They will have Long Term Impact over a period of time on the Organization.
Examples: Zeroda, LensKart kind of Startups from India