term 4 content

Question 1

Furniture - environmentally friendly

Answer 1

-Bamboo furniture: Bamboo grows quickly, making it a sustainable choice for furniture like chairs or tables.
Reclaimed wood furniture: Old wood from buildings or other sources is repurposed into new furniture, like dining tables or shelves.
Recycled plastic furniture: Plastic waste is transformed into outdoor furniture like benches or chairs.
Eco-friendly sofas: Sofas made from organic cotton or natural latex cushions, free from harmful chemicals.
Modular furniture: Designed to last longer, these can be reconfigured or repaired easily instead of replaced.

Question 2

Demographics

Answer 2

-statistics relating to the population and groups within it: age and gender

Question 3

Segmentation

Answer 3

-markets allow the business owner to match their product to the needs of their customers
four factors
:geographic: areas or regions where people live
:demographic: the group is divided according to age, gender, health etc
:psychographic: social class, life style and personality
:behavioural: this covers purchasing behaviour of the target group

Question 4

Surveys

Answer 4

-usually carried out in busy places
-to sample a product and receive feedback

Question 5

Strategies

Answer 5

-a plan to a achieve a long term goal

Question 6

Sales projection

Answer 6

-the number of products that an entrepreneur or a business expects to sell in a set amount of time

Question 7

Chemical contamination optional expenses on a budget

Answer 7

-Water filtration systems: Install home water filters to reduce chemical contaminants.
-Air purifiers: Use air purifiers with HEPA filters to remove airborne chemicals.
-Organic cleaning products: Switch to eco-friendly, non-toxic cleaning supplies.
-Non-toxic cookware: Invest in ceramic or stainless steel cookware instead of Teflon-coated pans.

Question 8

Gross income

Answer 8

-Gross income refers to the total earnings a person or business receives before any deductions, such as taxes, insurance, or retirement contributions.

Question 9

Product cycle stages

Answer 9

-Introduction: seed is planted (new customers)
-Growth: seed begins to sprout (sales by more incoming customers)
-maturity: flowers shoot out (demand increases)
-decline: it dies (sales go down)

Question 10

Core principles of marketing

Answer 10

-produce what customers want
-analyse competitive advantage,
-target specific markets
-create profitable sales volume
-grow networks and build relationships
-satisfy customer needs

Question 11

core principals of marketing

Answer 11

-produce what customers want
-analyse competitive advantage,
-target specific markets
-create profitable sales volume
-grow networks and build relationships
-satisfy customer needs