Answer the following questions. 1. Walmart is known for setting…

Question Answered step-by-step Answer the following questions. 1. Walmart is known for setting… Answer the following questions.1. Walmart is known for setting reasonably low prices but still offering high-quality products and adequate customer services. What pricing strategy I usedValue-based pricing (EDLP)Relational pricingMarket equity pricingPenetration pricing2. Planning, implementing, and controlling the flow and storage of products and information from the point of origin to consumption is the main forLogistics managementChannel managementOperations managementProcurement management3. A luxury handbag designer gives individual dealers the sole right to sell its handbags within a defined geographic area. What type of distribution is itExclusive distributionSelective distributionLimited distributionPrestige-based distribution4. Out of the following answers, all of them but one is a function of packagingIntegrationConvenienceProtectionStorage5. Overall, what is the difference between differentiation and positioning?Differentiation is about creating differences among competing products, while positioning is about creating a mental image in consumers’ minDifferentiation is used in tangible goods, while positioning is used in servicesDifferentiation is based on real differences between products, while positioning is completely perceptual.Differentiation is about the product whereas positioning is about the brand Arts & Humanities Communications Marketing MKTG 431 Share QuestionEmailCopy link Comments (0)