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methods of informing the target market about the value of the product
act of a business making marketing mix decisions to target markets across the world
changing the approach to products, distribution, price or promotion to allow for uncontrollable factors in the market
act of charging a high price to achieve the highest profit over a short time
establishing a standard for products, distribution, price or promotion to follow

1 answer

It seems like you are working on a question related to marketing concepts, likely to match definitions or functions with specific terms. Below are possible pairs based on the descriptions you've provided:

  1. Methods of informing the target market about the value of the product: Typically this relates to Promotion.

  2. Act of a business making marketing mix decisions to target markets across the world: This would be referred to as Global Marketing or International Marketing.

  3. Changing the approach to products, distribution, price, or promotion to allow for uncontrollable factors in the market: This describes Adaptation in Marketing or Flexibility in Marketing Strategy.

  4. Act of charging a high price to achieve the highest profit over a short time: This is known as Price Skimming.

  5. Establishing a standard for products, distribution, price, or promotion to follow: This corresponds to Standardization in Marketing.

You may want to confirm the specific terminology used in your course or the context of your question to ensure accuracy.