What is simulation in Marketing? How simulation is used in marketing?
What is simulation in Marketing? How simulation is used in marketing?
MINIMUM 3 PAGE PAPER in a Microsoft Word Document (no PDF files accepted). This paper may exceed 3 pages and has a maximum page count of 5 pages. 3-5 pages includes only from introduction to conclusion. The body of the paper – the cover page and reference page are never included in the page count requirement. Up to four authorized references. References must be clearly cited in APA format within your paper & recapped in the reference page in APA to count.
APA format (1” margins, Times New Roman 12 font, double-spaced, and more)
No videos, blogs, tweets, wikis, interviews, podcasts, encyclopedias, or dictionaries allowed – use an authored reference.
Requirements: 3-5 pages
Answer preview
Simulation entails creating environments to test the new ideas and strategies before implementing and before making a decision. Simulation in marketing entails interactive methods of testing and evaluating marketing decisions in a virtual environment to make informed decisions. Simulation in marketing provides an environment free of risks for experimentation (Woodham, 2018). It can be used in marketing to determine the flexibility and capacity to capture the marketing dynamics and factors influencing the market. Simulation in marketing is essential and can be used to predict and analyze future market needs and development. It allows the manipulation of actions to help improve the current marketing operations.
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