Q: Explain the Five Forces Model of Competition
A: The market competition is known for rivalry between related and unrelated firms for achievement of…
Q: Explain the process of Inventory control.
A: Inventory Control means the steps involved in the maintaining the stock of the organisation . It…
Q: Explain International Organization for Standardization (ISO).
A: The International Organization of Standardization (ISO) is an international organization that looks…
Q: How research and development leads to new products?
A: Product Marketing- The procedure of coming up with a product for the marketplace is known as product…
Q: State your general findings that you can use in creating a product. (Shark Tank Review and Analysis)
A: How to develop a new product When you start to develop a new product, it's best to start with a…
Q: Why companies believe that purchasing is one area where they can promote diversity?
A: Diversity and inclusion go beyond rules, programs, and headcounts. Companies who value their…
Q: 8. Does retailing involve the selling of goods and services to a consumer? Why or why not?
A: Retailing is the process in the distribution system or the Supply Chain management which includes…
Q: What is the difference between place utility and form utility?
A: The economic utility can be defined as the total amount of satisfaction gained from consuming a…
Q: Research indicates that customers are driving their cars longer and expect higher quality than ever…
A: Quality goods and services are guaranteed as an outcome of the competition, as are cheaper prices.…
Q: Explain the concept of Lean manufacturing.
A: Lean manufacturing, as compared to batch production, is by far the foremost economical method of…
Q: Describe the four basic forms of organizational structure.
A: Organizational structures in business are just as important as the company's products, marketing…
Q: How would you describe the departmentalization and the organizational structure at Graeter’s? Do you…
A: Organizational Structure- It is a system that outlines how some activities are directed in order to…
Q: Explain the Indiana-based Berry Global company.
A: Berry Global is an international company. It specializes in manufacturing and marketing of plastic…
Q: Explain the process of automation in business.
A: A business process usually starts with an action that spans multiple business departments. The HR…
Q: What is the importance of service businesses to consumers?
A: Service industry: They provide financial and non-financial services to consumers. They involve…
Q: What is the reason that service firms often listen more carefully to customers?
A: Service firms are the firms which provide intangible services . These firms do not…
Q: Describe bundle pricing, and give three examples using different industries.
A: Pricing strategy refers to pricing of various products and services by an organization. Various…
Q: In what ways are high-contact and low-contact services different, and how may these differences be…
A: *Introduction - The intangible products that the customers are unable to get physically are termed…
Q: Which of the following allows companies to create and share information about their products and…
A: Product development today is a process that deeply involves customers. Companies take feedback from…
Q: From a marketing perspective, why do Rent the Runway and other rental companies offer a discount to…
A: The discounts are figured out by the sellers by multiplying the discount percentage with the initial…
Q: What is incentive payment?
A: You could offer incentive pay to your sales team if they meet specific goals, or you could offer it…
Q: What are the advantages of an MRP system?
A: The MRP system is intended to standardize moreover as optimize body options equivalent to data entry…
Q: Customers seek to optimize perceived value. There are several components of value that can be…
A: Value-Based price is a pricing strategy by which the company sets the selling price. The set price…
Q: Do you agree with the Container Store’s decision to allow employees access to all kinds of company…
A: Sharing and managing information with the employees is known as Knowledge Management. It is the…
Q: To whom the Malcolm Baldrige National Quality Award was given?
A: Quality is a vital factor in the service and product business. Without conforming to quality, any…
Q: Why did businesses enter the marketing economy? Multiple Choice Businesses became more…
A: A market is where there are many transactions between buyers and sellers. The buyer will get the…
Q: Imagine for a moment that a design team is looking for feedback on their suggested prototype design…
A: Feedback on creative work is a huge part of what we do in daily lifestyle. According to me, A good…
Q: THEY HAVEA LIMITED BUDGET SET ASIDE, BUT KHALIL DID NOT SPECIFY IT. HE WOULD MAKE HIS CHOICE BASED…
A: Buying is the process of making a purchase or exchanging the product from the company in exchange of…
Q: What is meant by a compressed workweek?
A: When an employee works with the right strategies, motivation, and plans, then he/she becomes…
Q: It is important for companies to eliminate ways in which customers are turned off, and build loyal…
A: You understand as a business owner that your customers are the lifeline of your operation. That is…
Q: Advise the Board about the quick actions you took at Makro due to COVID-19
A: To avoid the spread of infections, the retail business in South Africa has declared a 21-day…
Q: What is meant by the term Adjourning?
A: Communication is very important in every field. It has to transfer ideas and thoughts between people…
Q: What are the five levels of needs in Maslow’s hierarchy? How are a person’s needs related to…
A: Maslow's Hierarchical needs concept was suggested by Abraham Maslow and is known to be one of the…
Q: What is the meaning of "People do not buy goods or services. They buy relations, stories and magic"…
A: Any brand in a competitive market following a holistic marketing approach focuses more on Customer…
Q: Under what conditions might a marketer want to encourage RRB among consumers? When might the…
A: A person's buying habits, frequency of purchase, and way of purchasing that is influenced by factors…
Q: 5 Characteristics of media literate person
A: Media literate person is a person, who has proper knowledge about various media channels. Such…
Q: What in the media now would you like to change? Prefer to remain? How would you do it?
A: The media nowadays has a big influence on how people act. With a few mouse clicks, information,…
Q: Describe the value equation and provide an example. Discuss what evaluative criteria is and what…
A: The perceived benefits a customer will derive from consuming a product is known as value. It is…
Q: Question 3 A. In serving customers, there are seven particular behaviours that can spoil the…
A: Customers loyalty is an asset for the organization. A loyal customer base can make the organization…
Q: A firm recently spent $100 on Google AdWords and generated 100 extra visits to the firm’s web site,…
A: Internet has taken over the world and marketers are making full use of it. There are so many digital…
Q: Could you explain the below answer in short?
A: Finally, making the most of Twitter requires you to interact with your followers and stand out. As…
Q: Why a business opts to produce products in the existing factory?
A: Factory is an infrastructure or a building where company will set up its machines, people and…
Q: What is the condition that the diversity program will be successful?
A: Diversity management refers to the effort made by the leaders of the organization to promote talent…
Q: What are the advantages and disadvantages of marketing a meatless burger under the Impossible brand
A: Marketing is a process in which firms compels its consumer to buy their product and services.…
Q: Define Marketing, explain in detail the components of a Marketing Mix and give examples. (4 P's) 3-…
A: Marketing: Marketing refers to those activities which helps to promote the sale of product or…
Q: Tell about pricing. More precisely, write what the companies should take into account when doing…
A: Pricing is the process of setting or deciding the price of a particular product. Pricing is the…
Q: State types of compensation.
A: A well-defined and balanced compensation system allows an organization to maintain internal and…
Q: What is the role of the stage storming?
A: Tuckman introduced a fifth level to the "five phases of team growth" in 1977. It covered each stage…
Q: Describe what is meant by the term "service quality," as well as the concepts of "measuring and…
A: Service is very important for a particular organization. There are various type of organizations in…
Q: What is meant by a replacement chart?
A: Positions are mapped alongside information like potential replacements, age, skills, experience,…
Explain the process of creating a marketing mix.
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