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: What steps have U.S. firms taken to regain a competitive edge in the global marketplace?
A: The measures adopted by American businesses to reclaim a competitive edge in the global marketplace…
Q: What is a product mix?
A: A product is an item that a company makes or buys to meet the needs of its customers. It is the…
Q: What Is Price?
A: Marketing mix is essential strategy which presents the entire marketing planning of the business. It…
Q: Differentiate allowance discounts and seasonal discounts.
A: The discount and allowance facility is particularly important in the selling and distributing of…
Q: ‘Marketing to the bottom of the pyramid (BOP) offers opportunities to companies but at the same time…
A: Marketing has a huge role to play for companies to grow in the market and expand their business.…
Q: How marketers collect primary data and secondary data?
A: Market research provides marketers with valuable data to help them make decisions. Although primary…
Q: State the advantages of Self-Managed Teams.
A: A team consist of members with common objective and different contrasting skills for given project.…
Q: What is the difference between disposable income and discretionary income?
A: Disposable Income-After taxes, disposable income is the amount of money accessible to an individual…
Q: Some firms do not delete products until they become financially threatening. What problems may…
A: Product deletion is a process in which, product which is failing or not performing well, gets…
Q: discuss in detail various growth potential strategies a cosmetic business can adopt
A: A cosmetic business consist of various beauty and body care products such as cosmetic powder,…
Q: Explain the product introduction stage.
A: Product Life cycle is said to a complete cyclical diagram which shows life stages of product in the…
Q: 12 ASAP... Use current products familiar to you. Find at least three examples at each stage of the…
A: As a product progresses through its life cycle, business management implements a series of…
Q: some Social-Cultural examples for PUMA
A: Puma is one of the leading brands in the world associated with sports accessories such as footwear.…
Q: Define the term Compensation.
A: The companies require human resources for performing various business functions. Without the support…
Q: Describe how market measurement is used.
A: Marketing performance measurement has to be a rational extension of the planning and budgeting.…
Q: How the internet is considered a powerful communication medium?
A: Internet and advanced software are the outcomes of development in the field of digital technology.…
Q: How does an employee determine whether he or she is being treated equitably?
A: Regulations ensure that employees get assured that their employer's behavior with them will be equal…
Q: . It is entirely impossible that an opportunity is out in the environment for the entrepreneurs to…
A: Enterprise is one of the factors of production. Other factors of production are land, labour and…
Q: Explain the responsibility for HRM.
A: The business is required to perform it's different activities to ensure its effectiveness in the…
Q: What is the importance of possession utility?
A: The economic utility can be defined as the total amount of satisfaction gained from consuming a…
Q: Which of the habits refer to the mission statement? (a) Think win-win (b) Begin with the end in mind…
A: A mission statement is a precise statement that explains why an organization exists, the customers,…
Q: Explain the phrase "interviewing may be the stage at which discrimination begins".
A: Interview is a process in the selection of employees where the recruitment team will ask questions…
Q: Why companies that manufacture private brands also produce their own manufacturer brands?
A: A manufacturer can be denoted as the person or an institution who is involved in the activity of…
Q: The insurance industry in South Africa is stable and mature with large and small companies competing…
A: We are a purpose-driven financial services firm based in South Africa that operates in a number of…
Q: What is the difference between variable cost and fixed cost?
A: The variable cost is the cost that is not constant or the same for a producer. The variable cost…
Q: How the brand extension is different from a line extension?
A: Branding is a marketing strategy where the company will create its unique Identity in the market…
Q: How does a product line differ from a product mix?
A: A collection of products is a wide range of products. Product lines and product mixes are used by…
Q: How are the four areas of operations control interrelated?
A: Operations management acts as a vital and active role in all the businesses associated with the…
Q: What are the benefits of quality control?
A: Product development is practice which involves engineering related to bringing new features and…
Q: Define the term marketing concept.
A: A marketing plan is a step-by-step guide to introducing and delivering your product or service to…
Q: Why is sales forecasting important?
A: To make informed decisions, an accurate forecast of future sales is required. Sales forecasting is…
Q: What are some political-legal factors/examples for the brand PUMA?
A: Puma is a German Multinational Corporation that makes sporty and athletic footwears and also…
Q: State the major ways to improve a product mix.
A: Concept Of Product Mix - Product Mix, is a kind of concept, which is also known as the product…
Q: Why it is important to understand buying behavior?
A: Buyer behavior refers to people's decisions and actions when purchasing products or services for…
Q: What is meant by comparison discounting?
A: Determining the present value of a future payment or stream of payments is known as discounting.…
Q: How does a customer’s decision-making time vary with the type of product?
A: Consumer behavior is said as thei personality and attitude of customers having different…
Q: Why production capacity is important for a manufacturing business or a service business?
A: Marketing and manufacturing are the primary activities of the company. Company will create value for…
Q: Why is it important to consider the buyer’s sensitivity to price when pricing products?
A: Buyer's sensitivity refers to the extent upto which, consumers behaviour related to buying changes;…
Q: What is a convenience product?
A: Marketing is based upon product as different functions and activities of it requires to focus on…
Q: How is a marketing-oriented firm different from a production-oriented firm or a sales-oriented firm?
A: Marketing is concept which brings the idea of manipulation of customers by informing them various…
Q: Explain the Indiana-based Berry Global company.
A: Berry Global is an international company. It specializes in manufacturing and marketing of plastic…
Q: How can a business firm improve the quality of its products or services?
A: A product is a tangible object that is placed on the market for acquisition, attention, or…
Q: Managers try to keep search costs low yet examine every potential market or location when screening…
A: Markets- A set-up where there are two or several parties engaged in an exchange of products,…
Q: Name the phases of new-product development.
A: In today's dynamic and competitive small business environment, new product development is a critical…
Q: What is revenue?
A: A business has to incur several expenses to earn revenue. The costs can be either direct or indirect…
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: How does a consumer market differ from a business-to-business market?
A: Marketing is gives the undertaken for the purpose of ensuring that customers know about products'…
Q: What is meant by the routing of materials?
A: A work centre is made up of several machines that execute multiple production orders simultaneously.…
Q: How does the marketing environment affect a firm’s marketing strategy?
A: When developing and presenting a new product, everything your company must consider is the marketing…
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