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What is Marketopia?

Marketopia was created by Professor Terence Ball of Arizona State University in an article in the magazine Dissent in 2001. He formed it from marketing and utopia to identify and satirise a world in which social responsibility has been lost, all public services have been privatized and market forces rule absolutely. The quality of life experienced by those living in …

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What is marketing myopia?

The term was first used by Theodore Levitt, an economist and editor of Harvard Business Review, who is also famous for the term ‘globalization’. Management gurus define marketing myopia as a company’s short-sighted, temporary or narrow-minded approach while marketing their product. Companies need to adapt themselves to the changing market. When a firm changes its marketing focus from customer to …

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What is Holmesian deduction?

Holmes stories often begin with a bravura display of his talent for “deduction”. It is of some interest to logicians and those interested in logic to try to analyze just what Holmes is doing when he performs his deduction. Holmesian deduction appears to consist primarily of drawing inferences based on either straightforward practical principles – which are the result of …

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What is guerrilla advertising?

Guerrilla advertising encompasses all forms of non-traditional methods of communication. They can be open and honest like environmentally friendly high-impact street advertising or subversive like supermarkets pumping up the smell of fresh bread at the entrance. Guerrilla advertising is exposure that is unconventional and unexpected. It can be anything from street teams in costume to abnormal promotional exhibits to provocative …

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What is FDI?

Foreign direct investment (FDI) or foreign investment refers to the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital,other long-term capital, and short-term capital as shown in the balance of payments. It …

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