/variants/1301916/take/6/ListenThe beverage market is a very saturated market. What advicewould you give to an entrepreneur who wants to start a busi-ness selling iced tea in supermarkets?A It is not a good idea. Since the market is so saturated,it will be hard to compete.BIt is a great idea! Because the market is so saturated,it will be easier to compete.C It is a great idea! A lot of people are buying beveragesbecause it is a saturated market.It is not a good idea. Not many people are buyingbeverages because it is a saturated market.Šõõŏ •oooof 18 Total Questions AnsweredAll Changes Saved<} (x✰ ✰Continue>7:53 PM10/13/20

The beverage industry is a dynamic and diverse landscape, with countless options vying for…

Answered: The beverage market is a very saturated…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Explain working of following e-business models – using examples of different companies.(a) Store Front Model (Shopping Cart vs. Shopping Mall)(b) Auction Model (Plane Auction vs. Reverse Auction)(c) Portal Model (Horizontal vs. Vertical Portal)(d) Pricing Model (Name-Your-Price vs. Comparison Pricing)(e) Other Models (Bartering vs. Rebate vs. Free Offering)
While doing his MBA, Mr. Chintan Bhagat thought of a business idea. He observed that many MBA institutes in India use case method to teach disciplines such as marketing, strategy, and finance. His idea was to develop an online platform for case solutions at a reasonable price to target MBA students. Mr. Bhagat has utilized the consulting services of bright MBA students for online advertising (search and display ads) and SEO. Now, your job is to suggest how would you use the following digital marketing techniques to expand the business of Mr. Bhagat? Justify your answer with suitable assumptions/explanations. a. Mobile marketing (text, voice, display, video) b. Email marketing c. LinkedIn marketing
Which of the following is / are example(s) of finding gap in the market? (I) Open a vegetarian restaurant (II) Sell extra size shirt (III) Sell home-made cookies Select one: a. I and II only b. I only c. I, II and III d. II and III only
I am leaning towards Walmart due to it being a full-line discount supercenter and Olipop's initial price is set for $1.50 temporarily. https://drinkolipop.com/ Which one of the following retailers would be the best fit for this product? (Highlight one answer) Walmart – a full-line discount supercenter 24-Hour Fitness – a gym/fitness center with retail products GNC – a category vitamin/supplement specialist Whole Foods – a specialty grocery store Explain your answer using course concepts:
Telephone and direct-mail retailers: have real trouble selling because they only target the really wealthy. have real trouble reaching their target markets, since their customers are so dispersed geographically. can do well with products that would be unprofitable for a local retailer to carry. All of the above are true. None of the above is true.
What is the difference between a good and a service? When you buy amusic subscription on Pandora, are you buying a good or a service?Would your answer be different if you bought an MP3 album onAmazon?
Trade discounts refer to discounts given to certain customers like _____________. Group of answer choices between wholesale companies, only. companies who make large volume purchases, only. government agencies, only. government agencies and businesses who make large volume purchases.
When the National Association of Realtors’ national awareness campaign emphasizes that Realtors know how to more efficiently market a client’s property than an owner can by himself, it is highlighting which value of personal selling? a. Matching supply with demand b. Saving time and simplifying buying c. Building relationships d. Reducing marketing costs e. Leveraging contacts
The reason that MICRO-marketing costs too much in many firms is that: the marketing concept has not been accepted and implemented. most new products are not necessary to meet competition. marketing is not really needed. advertising is usually ineffective. None of the above--marketing never costs too much.
13- Which one of the following is the reason for elastic consumers that the retailers should understand while fixing retail price? a. Purchase urgency is high b. Purchase urgency is low c. There are no substitutes d. Consumers are price insensitive
3PL. What is this? When would it benefit a company and when would it not? Should all firms seek to use this? If not, why?
9- Low-cost airlines such as Spirit Airlines are cheap but when a customer flies with them for the first time, gets upset when charged for printing boarding passes at the airport and for carryon luggage. When customers complain, these airlines point out that all those extra charges are clearly spelled out on their websites. This is a case of ______ gap. Group of answer choices communication standard delivery knowledge 10- Retailers that offer a broad variety of merchandise and low prices are known as Group of answer choices convenience stores full-line discount stores home improvement stores department stores 11- There are always long lines for getting gas at Costco and Sam’s Club. You may save quite a bit and equate price to________ , however, consumers should recognize price as the ________ made to acquire a good or service. Group of answer choices the money paid; overall sacrifice a fixed cost; variable payment a variable cost; fixed cost the break-even amount;…

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