art 1. Your task is to identify and list 10 CHARACTERISTICS of a Sound Business Idea and Poor Business Idea. Answer to this task can be your own point of view and published materials.
Q: Describe one advantage and one disadvantage that competition-based pricing has in common with cost-b...
A: There are various types of pricing strategies adopted by the firm or organisation depending on the p...
Q: explain product life cycle
A: Summary Introduction - Products lifecycle refers to the life span of the product from the time of i...
Q: Define marketing intermediary?
A: Marketing is a vast topic including various activities like distribution, Marketing communication, m...
Q: Cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good ...
A: Cost-plus pricing is popular because it is simple to calculate and needs minimal data. In the cost-...
Q: Cathy has developed a survey to administer to members of the Society for the Prevention of Cruelty t...
A: The research or survey is conducted for a specific subject matter and administer a certain matter in...
Q: Define ONLINE RETAILING?
A: Retailers are the agents that are dealing in small quantities but of different varieties in order to...
Q: What is supply chain?
A: Functions of distribution channels are as follows: • Transactional functions: A channel is used to c...
Q: How can we improve the self-checkout kiosk design? summery
A: Retailers looking to improve the speed and efficiency of their checkout procedures have found self-c...
Q: If a salesperson tells a manufacturer that the machine the salesperson is selling is better than com...
A: Pricing is one of the most significant elements in the marketing mix of any product or service. The ...
Q: Explain the term undifferentiated marketing?
A: It is commonly known as mass marketing as it caters to each and every customer as a whole. Undiffere...
Q: product: Starburst coffee Define properties of product & target markets by using micro and macroeco...
A: In the given scenario, we are provided with the product and the company named Starburst Coffee. Let ...
Q: Evaluate the Four (4) importance of marketing channel management towards the strategic advantage of ...
A: Summary Introduction : Marketing Channel Management can be defined as the way, or the techniques to...
Q: Question- what are the important trends in marketing practices.
A: Trends refer to following changes occuring in the society so as to understand what is correct in you...
Q: What is Marketing? Why is it important in the firm or business
A: Every organisation create products and services which cater to the needs of customers. These product...
Q: Monitoring key marketing metrics during the advertisement runs can be regarded as:
A: Monitoring the key marketing metrics during the advertisement is definitely an important process. Th...
Q: Given a description of a company's marketing mix, classify the elements of the marketing mix and the...
A: Marketing is a core activity for any company and acts like a primary function. Secondary functions a...
Q: Suppose that you have a service business such as house painting. Describe how you would use cost-plu...
A: Cost plus pricing is used to determine the price of an offering. Cost plus pricing simply adds a pro...
Q: Q - Describe the impacts of the Internet has had on marketing and advertising industry today in term...
A: Summary Introduction : Internet Marketing helps a business to drive an abundance of quality traffic...
Q: Discuss in detail the evolution of marketing and the drivers impacting future of marketing.
A: Summary Introduction : Evolution of Marketing refers to the idea that business have gone through dif...
Q: How important is Marketing Research for a firm ? Elaborate
A: Summary Introduction : Marketing Research refers to the process of gathering information and data ab...
Q: Define the Concepts of Line of visibility and Relationship life Cycle with examples? (Note: This que...
A: Marketing refers to the process of identification of the needs of the customers and fulfilling those...
Q: Consumer behavior has a major part in the development of a marketing strategy. What are some of the ...
A: The consumer or the customer plays a major part in success of any product or services as the end dec...
Q: Why is mind mapping important
A: A visual representation of ideas and concepts is known as mind mapping. It is a visual thinking tool...
Q: 2. Examine the impact of technology on the efficiency and effectiveness of service organizations' bu...
A: Technology is simply a collection of techniques. In customer service, technology is not just a tool ...
Q: You've been requested to construct a customer-performance scorecard for your company's toy business ...
A: The company owners make use of scorecard to understand the customers point of view regarding the com...
Q: Discuss the impact of politics on service companies.
A: In present day culture, governmental issues can be characterized as that multitude of exercises an...
Q: you are to think about how we can market Birzeit university: a) how can we segment and target BZU ma...
A: Marketing strategy for a university is one of the most crucial strategies to be planned, university ...
Q: 1. Consider a familiar product, such as Apple's iPhone. What would you consider to be its next close...
A: Substitute goods are two goods that can be used for the same purpose but provide buyers distinct opt...
Q: Define the term "total retail experience." Then describe a recent retail situation in which your exp...
A: Total Retail Experience - The term "total retail experience" refers to the overall shopping experien...
Q: Some factors to consider in assessing the existing level of competitive intensity in an industry are...
A: In the given multiple choice question, we are given a scenario of competitive intensity in an indust...
Q: A software company wants to move away from being brand-centric to being more customer-centric. The c...
A: Customer segment - Customer segment is the interaction in which you divide your customers based on c...
Q: When there is no author, APA style references are listed in order by the year in which they were pub...
A: The APA citation is used for various websites, research papers so the reference should be made of th...
Q: customer service impact sales of a new business
A: The impact of customer service on sales of a new business is discussed as follows-
Q: The basic unit of analysis for workforce planning is stated by the O full-time equivalents O number ...
A: Workforce analysis is carried out to determine the roles, responsibilities, duties of personnel in a...
Q: how price discrimination can enhance the effectiveness of a limit pricing
A: Price discrimination can definitely enhance the effectiveness of a limit pricing strategy. The detai...
Q: How does nonstore retailing occur?
A: The sale of goods and services outside of a physical store is referred to as non-store retailing. It...
Q: Give some examples of CUSTOMER ROI if the product is online shopping site that focus on school suppl...
A: Before we jump into answering the question with the help of few examples, let us first know the mean...
Q: Charles and L. W. Clement were brothers who had formed a partnership that lasted forty years until C...
A: Case Summary For the past four decades, CH and CL have been partners. CL made a significant personal...
Q: Define Wholesalers?
A: INTRODUCTION:- The sale of commodities or commodities to merchants, agricultural, professional, gove...
Q: Outline the five factors that influence selection of distribution channels.
A: Functions of distribution channels are as follows:• Financing: Acquisition and allocation of the fun...
Q: How important is business analytics to your particular chosen major of study? (Currently taking up B...
A: The business analytics is a process which can be referred as technology for solving and giving solut...
Q: Please discuss TWO DIFFERENT fashion brands that you believe could expand their licensing potential ...
A: The act of leasing a trademarked or copyrighted asset for use in conjunction with a product, service...
Q: If an item is particularly valuable to a customer, using customer-based pricing might suggest a pric...
A: Customer based pricing is the method of pricing where a company sets price for the products or serv...
Q: How can salespeople improve their selling, negotiating, and relationship marketing skills?
A: Introduction - Sales person are the representative of a company and they must have certain human rel...
Q: Explain and describe the process of CRISP-DM
A: The CRISP-DM methodology offers a structured approach for planning a data mining project. This metho...
Q: the relationship marketing in service ?
A: Relationship marketing could be a strategy for increasing a consumer's lifelong value by up its sati...
Q: Do you think we can learn something from how they use social media? Discuss how BTS has communicated...
A: BTS is a popular Korean brand that has gained humongous popularity in a very short while, they have ...
Q: Question 11 Marketing expenses are controllable expenses. 1 True 2 False
A: Summary Introduction : Marketing Expenses are the expenses which occurs during the promotion of prod...
Q: BGC Matrix and how it is applied to the Positioning School of Strategy
A: Positioning is a critical part of organizational strategy. With right positioning, company can make ...
Q: Why is understanding consumer behavior so important for companies? Think of examples where you do no...
A: Answer : Consumer behaviour is the activities and the choice cycles of individuals who buy labor and...
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- 1. I talk about the need to accept some discomfort. What can lead teams or companies to prefer comfortable marketing ideas so much that they ignore the successful ones? Please explain with an illustrating situation if at all possible.38- Sales-strategy types and relationship types do not always perfectly match up. However, Mr. Musa is worried that his competitor will gain more market share than his company. Which one of the following options can you suggest for Mr. Musa? a. Use the consultative selling and he will gain more market share then competitor b. Understand that different strategies might be more appropriate at different times c. Use strategic partnership for a better market share d. Use script-based selling strategy to get more market share then competitorMultiple Choice: Read carefully each statement and encircle the correct answer 1. An entrepreneur does their best to satisfy customers and to deliver what is promised. What entrepreneunal competencies are being described? a. Demand for efficiency and quality c. Goal Selling b. Risk-laking d. Persistence 2. Ms. Cristy Ternate is the owner of the bus company first love travel and lours. She requires to be an effective and efficient communicator in her company. Also, in her job. It meeds a good relationship with their customers. What skill of an entrepreneur is being described? a. Decision Making c. Planner b. Discipline d. People Skills 3. Due to the pandemlc that we now experience it has an adverso allocl on pnce hike in raw material and supplies, fare hike due to the price of oil. As an entrepreneur on this change, we are affected because of a sudden change in the price of the raw materials. What kind of characteristics of an entrepreneur is being described? a. Ability to accept change…
- Propose a business analytics, data science or AI initiative for a target organization: 1)Describe the organization and its current situation to provide the context for your proposal. You may have identified a problem or simply an opportunity for improvement in the organization. - provide the specifics of the small company you have in mind. What they do? What is the business model? 2)what are the business objectives of your proposal. an example could be stated that the key business objective is to improve the customer experience by getting their inquiries addressed on timely basis-Example: market segmentation and evaluation of personnel productivity as target areas. Or something with the customer experience. Decide what is your target process. 3)indicate what would be the success criteria to assess the outcomes of your proposed initiative. In the current example, we could state that the success criteria would be to ensure that at least 90% of all emails are replied within 24…According to the article, "Boards Are Obstructing ESG-at Their Own Peril," all of the following are true except: O Female board members are more likely to say that material ESG issues should be part of business strategy. Board members require detailed scientifc knowledge to be effective stewards of the environment. Many current company board members lack sufficient expertise regarding ESG issues. Many corporate board members are former CEOS who ran companies before ESG issues became prominent.1. Analysis of Current Marketing Strategies (5 marks): Choose a hospitality business (e.g., hotel, restaurant, travel agency) and conduct an in-depth analysis of its current marketing strategies. Evaluate the effectiveness of their current marketing efforts in reaching their target audience and driving customer engagement. Identify any strengths, weaknesses, opportunities, or threats in their current marketing approach. 2. Development of Marketing Plan (10 marks): Based on your analysis, develop a comprehensive marketing plan for the chosen hospitality business. Clearly outline the goals, target audience, positioning, and marketing tactics to be employed. Include a detailed timeline and budget for implementing the marketing plan. Justify your choices by explaining how they align with the business's objectives and address the identified strengths, weaknesses, opportunities, or threats. 3. Creativity and Innovation in Marketing Approach (5 marks): Demonstrate creativity…
- Ambidexterity and Common Mistakes of Guide & Govern and Engage & Execute (G&E) Describe a time when you had to practice emotional or cognitive ambidexterity—when you had to absorb others’ agitation with change while exuding commitment to the path of change (emotional), or when you had to keep a steadfast commitment to the destination of change but had to adjust the path in light of new data (cognitive). What makes ambidexterity so challenging? Why is ambidexterity essential to leading yourself and others through organizational change?Step 1): Make a Business Model Canvas out of your mind about anything . Step 2):Please do not write definitions of a Business Model Canvas. Step 3):Virtual tourism, online diagnosis and treatment, distance education, digital products, choose any ideas of theseElaborate and explain each of this context. 1. A good marketing team can help develop a positioning statement to helpreach as much or the target market as possible. The best start for any positioning analysis is gaining a thorough knowledge of a product or service's target market. This is the group of people or businesses that will best benefit from the use of the product/service.
- Part 5 PR: Briefly respond to at this SOR with an organization in the subject line that is different from your subject line. Your PR should explain why you agree or disagree with one of your classmate’s reasons for his/her answer to SOR #2, #3, or #4. Do not just repeat what your classmate said--be sure you add value. SOR: Subject: Zappos & Holacracy 2. I choose Zappos & Holacracy, I would enjoy working in an environment where I know we are working as a team, but we do not have a manager who is micromanaging and making decisions. We are the ones making the decisions while we are still meeting all our goals and being professional. 3a. I believe Zappos CEO Tony Hsieh is non-hierarchical because he has created a Holacracy environment. He is making sure everyone in the organization is responsible for accomplishing organizational goals. He does not have a management team who takes charge and he does not give the circle talk leaders power to fire or tell another employee how…Based on our discussion of Defining an Idea as a Business, which of the following is the most effective description of a 7. new business idea? a) b) c) d) e) To sell athletic wear for women that is fashionable yet durable To buy athletic wear for women that is fashionable yet durable To design athletic wear for women that is fashionable yet durable To design durable athletic wear for women that allows women to exercise faster To design fashionable athletic wear for women that is durable1. Answer the following. • What is idea generation in simple terms? And it's three real life situations where can this be applied. • What is business buyer behavior in simple terms? And it's three real life situations where can this be applied. • What is advertising in simple terms? And it's three real life situations where can this be applied. • What is retailing in simple terms? And it's three real life situations can this be applied.
