Reflection Paper 1 - Phil Tran

Chapter 12 Discussion: Expanding Your Market     1111 unread replies.2222 replies. The Situation: This has to be one of the most depressing annual review meetings you’ve ever sat through. Sure, times have been tough before, but never like this. In the past year, your power-tools company has lost 37 percent market share. Sales have decreased by 64 percent. Profit is down almost 70 percent. You had to lay off one-third of your workforce. And worst of all, it doesn’t look to be getting better anytime soon. Housing sales and construction are at an all-time low, meaning your best customers, contractors, have little work to do and even less money to spend on new tools. “We have to increase sales!” you tell the rest of your management staff. They stare back at you, of course, because everyone knows what needs to be done. They just don’t know how to do it. How do you sell a product when demand is so low? As everyone in the room ponders over this, an intern sitting in the back corner…

Chapter 12 Discussion: Expanding Your Market     1111 unread replies.2222 replies. The Situation: This has to be one of the most depressing annual review meetings you’ve ever sat through. Sure, times have been tough before, but never like this. In the past year, your power-tools company has lost 37 percent market share. Sales have decreased by 64 percent. Profit is down almost 70 percent. You had to lay off one-third of your workforce. And worst of all, it doesn’t look to be getting better anytime soon. Housing sales and construction are at an all-time low, meaning your best customers, contractors, have little work to do and even less money to spend on new tools. “We have to increase sales!” you tell the rest of your management staff. They stare back at you, of course, because everyone knows what needs to be done. They just don’t know how to do it. How do you sell a product when demand is so low? As everyone in the room ponders over this, an intern sitting in the back corner…

Directions: Read each statement carefully. In a separate sheet of paper, write TRUE if the statement is correct and FALSE if the statement does not fit the description 1. A customer is a person or organization that transacts with a business person or business organization to buy goods or services for monetary or other valuable considerations. 2. Customer Relationship Management can take on many forms-salespersons assistance, product delivery, technical advice, help desks, or other means. 3. Companies can best manage customer service quality by establishing service objectives with specific and measurable targets. 4. Customer service is a process of managing an organization's interactions with current and future customers. 5. By Knowing the value or worth of its customers, a company can focus its resources in attracting and keeping the "right" type of customers. 6. The customers are the lifeblood of any business. 7. The business is the one responsible for sealing the deal with customer.…

What are the soft skills required as per the ad? ( Click on the words that represent the answer Muscat Daily Monday, March 29, 2021 Job Vacancy We are looking for creative and adaptable mechanical engineering technicians who can work in a team. Responsibilities include writing work orders, assembling new or modified mechanical components for products test, and inspecting equipment to reduce production issues. Candidates must hold a diploma in mechanical engineering.

Step 1: You are a salesperson trying to sell a product at a store or kiosk and you are met with the following objectives lack of budget - “It’s a bit expensive though” Step 2: Use the Specialized Method substitution to address the objection Substitution: Sometimes a customer is looking for a specific brand or model of a product that you do not carry. Or maybe the customer does not like the product you show. In any of those cases, you may want to use the substitution method, which involves recommending a different product that would still satisfy the customer's needs . Assume a customer says, "I don't like the way this dress looks on me" In this case , you may want to suggest a different style that is more becoming on your customer. Step 3: 1) What objection are you facing as a salesperson ? 2) What method are you using for answering the objection ? 3) Write out a short script of you (salesperson) and the prospect(buyer) of how that interaction would occur.

I. FILL IN THE BLANKS. Write the CAPITAL letter of the correct answers on the blanks provided in the given statements. Choose your answer from the list of choices inside the box. B. Relationship Marketing C. Customer orientation A. Wants D. Process E. Proactive F. Partnership G. Customer Service H. Accountable I. Customer Value J. Delivering satisfaction N. Communicate often K. Customer L. Needs M. Politeness Relationship 1. It is one important component in the marketing of products. 2. According to Kotler, Marketing is a social and managerial groups obtain what they need and want through creating and exchanging products and value with others. 3. 4. goals and objectives hinge on the increase in sales volume and customer's patronage. 5. Attract new customer by promising superior value and keep and grow current customers by lenole whereby individuals and are higher-level human needs as they appeal more to the emotions. and coordinated marketing aims to achieve its profit, objectives and…

As a business consultant your advice was sought by an organization that seek to enter into a new market which will evoke a competitive dynamic-action and response from established incumbents. Before responding to subject competitors, your organization must understand the competitive dynamics of the business in order to succeed with a growth opportunity. Suggest and critically discuss a model that helps your organization to meet this objective. (450 words)

The fifth stage in Kotter’s Model is Question 19Answer a. Communicating the vision b. Planning for and creating short term wins c. Empowering others to act on the vision d. Creating a vision

1. Briefly state a problem your school/organisation is currently facing. Discuss, which problem solving approach you will employ to solve this problem and justify why will you use this approach? Use relevant examples to support your justification. Provide feedback to any one of your colleagues posting. 2. Discuss the similarities and differences between the rational and non-rational approach to educational decision making and problem solving.

1. “Medical education drives the market” was a quote from a document mentioned in the “Overview of Pharma Industry Marketing Practices” video. True or False 2. According to the “Overview of Pharma Industry Marketing Practices” video, a conflict of interest does not always mean that bias occurs. True or False.    Please answer correct explain plz asap both are 1 and 2 please Don't answer by pen paper plz

1. Is it possible to make sound marketing decisions without marketing research? What advantages does research offer to the decision maker over seat-of-the pants decision making?2. What is the problem with “normal thinking?”requirements: minimum of 200 words. APA style in text citations and list references

29-The recent approach in the field of accounting from corporate social responsibility perspective is to take the best decision which should give support to community in the most appropriate way. So, the organization in this regard always see the most important aspect that O a. The benefits from implementing corporate social responsibility must exceed the cost O b. The programs started should be best fitted with the community needs O c. The organization must work on giving jobs to the citizens O d. None of the options

Week 7 Discussion and Responses Leadership and Ethics Week 7 Discussion – Product Recalls Research a recent example of a product recall. Do you believe the company took the right action? What, if anything, should the company have done differently? Provide specific examples and details to support your case example. Use any other reference as needed for citation purposes to support. Must be in APA format. Check Spelling and grammatically correct Reference: Text: Business and Society: Stakeholders, Ethics, Public Policy Author: Lawrence, A. & Weber, J. Publisher: McGraw-Hill Ed/Year: 14th/2014 ISBN-13: 978-0-07-802947-9 Chapters 14-15 Discussion 1 Response By I,H In the fall of 2016, Kraft Heinz recalled about 959 pounds of ready to eat Lunchables Ham and American Cheese Cracker Stackers (Lichtman, 2016). The recall was placed due to mislabeling of the packages as the labels for the nacho variety was placed in error on the ham and cheese basics package (Brophy Marcus,…

Paragraph Styles BUS325 MANAGEMENT APPLICATION & THEORY ME TE 7. Volkswagen sold its original Beetle automobile in the United States until the 1970s. The original Beetle was made of inexpensive materials, was built using an efficient mass production technology, and offered few options. Then, in the 1990s, Volkswagen introduced its new Beetle, which has a distinctive style, provides more optional features, and is priced for upscale buyers. What was Volkswagen's strategy with the original Beetle product differentiation, low cost, or focus? Which strategy did Volkswagen implement with its new Beetle? Explain your answers. Feb 5, 2022, 2:55 PM

B. Modified True or False: State True if the statement is correct, if wrong replace the wrong word/s to make it true. 1.To start a business it is better to have a business plan. _2.Creating a business inspires the new generation only. 3.Innovations in business are those that undergo technology. _4.An entrepreneur need not to have a product in mind before starting his own business. 5.The product or service and a new technology created by businesses make life interesting and exciting among consumers.

Which of the following statements is TRUE?   Question 19Answer a.   The origins of management by exception are generally credited to Frederick W. Taylor.   b.   The person most responsible for initiating the use of interchangeable parts in manufacturing was Henry Ford.   c. The origins of the scientific management movement are generally credited to Henry Ford. d.   The person most responsible for initiating the use of interchangeable parts in manufacturing was Walter Shewhart.   e.   The person most responsible for initiating the use of interchangeable parts in manufacturing was Eli Whitney.

Font Paragraph 3 Which statement is true: 1 Ordinary good is always ordinary Normal good is always luxurious There is no true statement An ordinary good can be either normal or inferior The income effect in the Slutsky equation is positive A simple good is always of little value A normal good can be either a normal or a Giffen good Styles Select Editing

Directions: Read each statement carefully. In a separate sheet of paper, write TRUE if the statement is correct and FALSE if the statement does not fit the description 1. CRM helps businesses build a relationship with their customers that, in turn, creates loyalty and customer retention 2. Customer database information is also used in customer segmentation and profiling 3. An intimate knowledge and understanding of customer needs and wants can lead to ineffective customer service that can result in long-term customer loyalty. 4. Acquiring and keeping customers is the end goal of businesses because customers create demand. 5. Maintaining high levels of customer service quality may be simple due to variability of services. 6. Customer's lifetime value involves activities designed to enhance customer satisfaction, or the perception that a product has met or exceeded expectations. 7. Customer Relationship Management can take on many forms-salesperson assistance, product delivery, technical…