Review each example and determine the appropriate strategy. Licensing, Exporting, Contract Manufacturing, Franchising, Joint Venture, and Foreign Direct Investment Example 1: Anheuser-Busch will contract with a local firm to brew and market the Anheuser-Busch product Budweiser. Example 2: L'Oreal sells its beauty products to men in China. Example 3: KFC in Hong Kong Example 4: Flextronics of Singapore making a cellphone for US Cellular
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- Explain the following based on CRM – Customer Relationship Management The customer is always right Interface of retaining current customers and gaining new customers CRM’s important function of follow-up with customers CRM’s role in Sales Forecasting Importance of Safety StockCustomer lifetime value (CLV) focuses on: Group of answer choices net present value of a customer's business over the span of it's relationship with the selling firm. The initial order size to establish a customers buying patterns for future orders. Expediting future orders as customers are staying with sales firms for shorter periods. the profitability value of a customer short and long term.a. A cell phone Company XYZ conducted an online survey that showed that 75 percent of customers put their number-one requirement for a new phone to be increased battery life. Only 22 percent of customers listed color choices as a large concern. Company XYZ currently offers 6 different color choices for its product and has a below-average battery life compared to competition. What should Company XYZ do with these survey results? b. Company ABC recently conducted a survey that showed that 30 percent of customers will only shop there once and never use the company’s products again. What are some general ideas that can help increase customer loyalty? c. Company #alltheshoes would like to find out what, if anything, customers know about its new running shoe, FancyShoe. Design two survey questions to find out the following: 1) Are customers aware of the product? 2) What brand image do customers have of theproduct?
- Sales volume in most retail sectors is strongly correlated with population. Group of answer choices True False Flag question:Please do not give solution in image formate thanku. Adele Weiss manages the campus flower shop. Flowers must be ordered three days in advance from her supplier in Mexico. Although Valentine’s Day is fast approaching, sales are almost entirely last-minute, impulse purchases. Advance sales are so small that Weiss has no way to estimate the probability of low (25 dozen), medium (60 dozen), or high (130 dozen) demand for red roses on the big day. She buys roses for $15 per dozen and sells them for $40 per dozen. Construct a payoff table. Which decision is indicated by each of the following decision criteria? a. Maximin b. Maximax c. Laplace d. Minimax regretThe BIR need to assess a taxpayer for payment of taxes Group of answer choices True False
- 1. In a research project on the influence of music on retail shopping expenditure, a researcher recruited a sample of 300 customers. One Day they went shopping on the grocery store and spent some money. Another day the same 100 people went to the store and spent money but on this day the store was playing popular songs. How can the researcher identify if there is a difference in their shopping expenses due to the music change?Consider a telecommunication service provider. You have the following quarterly data: STATISTICS TYPICAL CONSUMER Number of referrals per period (n=n1+ n2) 5 of which, customers that joined due to the referral (n1) 3 of which, customers that would have joined anyway (n2) 2 Marketing cost per period (Mty) $30 Average gross margin (Aty) $78 Cost of referral (aty) $15 Acquisition cost savings (ACQ1ty and ACQ2ty) $10 Yearly discount rate (r) 15% Calculate CRV of a typical customer for one year (over 4 quarters).A study on the probable savings of students after 5 years based in their saving for the past year. O Descriptive research O Correlational research Experimental Research O Historical quantitative research Causal research
- The American Baker's Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent certain types of cancer. You are the manager of a bakery that produces and packages gourmet bran muffins, and you currently sell bran muffins in packages of three. However, as a result of this new report, a typical consumer's inverse demand for your bran muffins is now P= 11 -15Q If your cost of producing bran muffins is C(Q) = 3.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price. Instructions: Enter your response for the optimal package price rounded to two decimal places. Optimal package size: Optimal package price: $ unitsExternal analysis helps a firm understand which of its resources and capabilities are likely to be sources of competitive advantage Group of answer choices True FalseAQ0702: is a field that correlates with a sales order being sold with a salesperson. all of these online order flag customer id make flag none of ese