Based on this model, households earn income whenfirms purchasegoods and services in factor markets.
suppose kyoko earns $675 per week working as a corporate attorney for rowan and martin associates. she uses $10 to order a mojito cocktail at little havana. little havana pays jacques $275 per week to wait tables. jacques uses $150 to purchase legal service from rowan and martin associates.
identify whether each of the following events in this scenario occurs in the factor market or the product market.

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.