As a manager, when you are making decisions for the company, you need to consider the distinction between how the decisions will impact the company in the short term and in the long term. Describe the information needed to make these decisions. What tests can you run to help make your decisions? Justify your answer..
Q: In establishing a successful customer relationship and stay competitive in the market, Amazon should...
A: Amazon is among the world's best E-commerce platform and the most dominating position in the world, ...
Q: Speaking of the dove company (soaps), it has these external factors, explaining a strategy to achiev...
A: External elements are those impacts, conditions, or circumstances that a business cannot handle that...
Q: Is it possible to have too many sales people in an organization? When can I it be an advantage and w...
A: The salespeople are those employees who sell with their selling acumen. They influence the prospect....
Q: Use the Ansoff matrix to discuss the strategic choices relevant to Pepsico’s competitive rivalry
A: The Ansoff matrix has been used by the marketers since decades as it is able to help the marketers u...
Q: What is selective exposure?
A: People's decisions are influenced by their surroundings and several other factors. Marketers take th...
Q: Answer the following ... in relation to the chosen product. Design a basic questionnaire to collect...
A: Answer 1. The questions can be as follows- 1. What is the price of this pizza? 2. How did you find t...
Q: Differentiate the four stages of the product lifecycle in terms of industry salesand profits.
A: The Product Life cycle is the journey of a product that starts after the product is launched in the ...
Q: What is the difference between a technology-push and a market-pull product? How should this impact t...
A: To create a market is to create a demand in the market through marketing activities. These marketing...
Q: Define loss leaders?
A: A loss leader strategy incorporates offering a product or service at a loss in order to attract more...
Q: Why should we censor/ban hate speech ? Provide details and examples
A: Since the question type maybe ambiguous in nature however we will be focusing on answering the quest...
Q: WHAT IS THE INFLUENCE OF COSTS ON PRICING DECISIONS?
A: There are various factors which should be taken into consideration while making the pricing decision...
Q: the purpose of marketing research. As a control function, what type of control is marketing research...
A: The four perspectives of marketing - products, pricing, placement, as well as promotion – aid in und...
Q: What is the PPM maturity consist of in an organization like 3m?
A: PPM - PPM stands for Portfolio, Program, and Project Management, as well as the value and risk of th...
Q: Create 10 survey questions about the product bathroom hair keeper., relating to the marketing mix el...
A: Marketing research helps in solving a specific problem related to marketing activities. Marketing re...
Q: define the other important external and internal factors affecting a firm’s pricing decisions.
A: A company will always price its products in such a way that the profits and demand are the highest. ...
Q: What are the five major categories of pricing strategies?Give at least two examples of specific stra...
A: Explanation:- When marketing a product, a company can employ a range of pricing tactics. Senior mana...
Q: Define sales agent?
A: Sales is regarded to the act of delivering goods and services to customers. Here, customers pay the ...
Q: Describe the current trends in e-commerce and how theyaffect supply chain management?
A: E commerce or electronic commerce is the commercial activity which occurs through internet channels....
Q: If an airline takes off with hardly any passengers in business class, can it simply fill it up with ...
A: As the above question is answered below:
Q: Define Robinson-Patman Act?
A: The Robinson-Patman Act, the full Robinson-Patman Act of 1936, also known as the Anti-Price Discrimi...
Q: Distinguish product mix breadth from product line depth.
A: A product has features and benefits that are displayed or communicated to the customers. The display...
Q: You've been requested to construct a customer-performance scorecard for your company's toy business ...
A: The score card is basically the evaluation process and the assessment process of the companies activ...
Q: 3 Positive and negative of gaming in globalization
A: Globalisation means integration of different markets and products. The marketers target the internat...
Q: marketing manager for a national airline, compare the strengths and weaknesses of the following chan...
A: Every company should have strong distribution channel, customer satisfaction and heavy profits for s...
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: Define COMPETITION OBJECTIVES?
A: The business in the market fight against each other in one industry as well as with other industries...
Q: List five of the records and information manager's duties.
A: Records and information management broadly known as information management is an organizational func...
Q: What are the key to effective internal marketing ?
A: Satisfied employees are likely to be more productive and dedicated towards providing the best effort...
Q: what would be the strategies to eradicate these threats (talking about the dove (soaps) company)?
A: Threats and Opportunities - Open doors and threats are external events that occur outside of your fi...
Q: Define reverse channels?
A: Introduction:- This word refers to the backwards movement or procedure through which used items are ...
Q: What are the success strategies of Social Media Marketing ?
A: Social media serves as a platform for the new entrants and existing marketers to increase the awaren...
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: Define direct selling?
A: To sell is to convince someone of something. Companies sell their products and services and in excha...
Q: entrepreneur?
A: A promoting plan is the publicizing methodology that a business will carry out to sell its item or a...
Q: list the reason why internationa arketers implement international arket segmentation.
A: Marketing is a vast topic which helps companies to bring in customers. It include areas like segment...
Q: Establishing a culture of sound business ethics within an organization is challenging, to say the le...
A: Since you have asked multiple questions we will solve the first question for you. If you want any sp...
Q: Industrial marketing is more complex than consumer marketing explain
A: Summary Introduction Industrial Marketing is strategy of marketing adopted by a business to sale t...
Q: Identify a product that practices captive product pricing. Spot the ways by which the company seeks ...
A: * Before understandings a product in its captive product pricing , let us first try to understand wh...
Q: Define Product line depth?
A: A company will have different solutions for different customer segments and solving different proble...
Q: How are Marketing ethics relevant to research ?
A: Marketing research ethics can be described as ethical conduct of the marketing research such that th...
Q: 1. how can we manage the limited resources that company has in order to achieve its goals and object...
A: The answers to the above questions are explained below:
Q: Apply the marketing principles to Manchester United football club: What classification is the core ...
A: Manchester United is a professional football club in England that competes in the Premier League. Ol...
Q: The Comcel data contains production numbers for 25 employees that participated in a training program...
A: Given The following set of data regarding the production numbers of 25 employees from Comcel, a Colu...
Q: What is the difference between product depth and product breadth?
A: A product has features and benefits that are displayed or communicated to the customers. The display...
Q: With reference to the Popchips case study, explain the concept of ‘focussed differentiation strategy...
A: Businesses are always acted upon the threat of competition. They all fight for the same market share...
Q: This is our title: Perception of Senior High School Students on the Impact of Online Advertisement ...
A: Given: Title of the Research: Perception of Senior High School Students on the Impact of Online Adve...
Q: What is the service encounter?
A: A service encounter is so the amount once a consumer, further as a service provider, have interactio...
Q: Which firm might find volume-based incentives most appropriate? Which firm might find revenue-based ...
A: In the given scenario, we are provided with 3 distinct firms and industry, namely: A firm selling k...
Q: Give me examples of a product related to STEM that I can make, and give a description about it
A: STEM is the acronym for Science, Technology, Engineering and Mathematics. It aims towards creating c...
Q: advertising slogan and design an advertisement
A: Slogan - Wash away your sins and start afresh with our indulgence. Because each one of us deserves ...
As a manager, when you are making decisions for the company, you need to consider the distinction between how the decisions will impact the company in the short term and in the long term. Describe the information needed to make these decisions. What tests can you run to help make your decisions? Justify your answer..
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.United Garments is looking to implement Business Intelligence to improve the decision making capability within the organization. To which decision making level you will recommend United Garments to implement Business Intelligence and why?An effective decision maker spends much time determining the possible scenarios in future. In the light of this statement, define and explain with examples all three approaches on how managers make decisions
- Managers need to make decision in myriad of situations and the type of information required by decision makers is directly related to the level of management decision making involved and the structure of decision situations they face.how management support systems support decision making at different level?1- What three guidelines help management accountants provide the most value to managers? 2- Where does the management accounting function fit into an organization’s structure? 3- When is a revenue or cost item relevant for a particular decision? 4- What is an opportunity cost and why should it be included when making decisions? 5- How can conflicts arise between the decision model used by a manager and the performance evaluation model used to evaluate that manager?Discuss briefly the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? (Decision Making subject)
- First, read a Content on Data and How Information Supports Decision Making, paying particular attention to the Levels of Decision Making. For this discussion, we will use a retail business as an example. The retail business will consist of corporate headquarters, regions (oversees several stores in a geographic area), and individual stores. Each of these aligns with one of the three levels of decision makers in an organization. Select one of the levels of decision making and identify one decision that a manager at that level might make. The decision must relate to the retail business and what it does. Then, explain what information a manager at that level might get from the IT systems, such as inventory management or customer information system, to aid in making that decision.We typically make decisions by relying on one or more of the following: 1) Our gut instinct. 2) Our experiences. 3) Our education. What is the value of the Business Analytics course in your current or future business area and how will it improve your decision making?28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the above
- Business decision support systems, sometimes known as DSSs, provide assistance in making choices that require many steps.Describe the many components that make up the DSS. In what ways does DSS modify IT?Review the six-step decision-making process outlined below, then answer the question that follows. Step 1: Define the problem Step 2: Identify alternatives to the problem Step 3: Evaluate the identified alternatives Step 4: Make the decision Step 5: Implement the decision Step 6: Evaluate the decision A customer is frequently slow in paying invoices—sometimes as late as 30 days. Is this because (1) he does not manage his books well, (2) he is trying to conserve his working capital as long as possible, or (3) his own customers are often slow in paying him for the goods he sells them? Consider that there may be another explanation as well. Based on your ethical concerns, use the six-step decision-making process to arrive at a solution. Explain your reasoning for each of these steps.Hypothesis testing is a well-structured process that consists of several logical steps, and it aims at refining a business decision. Hypothesis testing is a quite common technique used by researchers. With regard to hypothesis testing, answer the following questions. What are the steps to conduct a hypothesis test? How does a researcher determine which statistical test to conduct? How does a researcher determine which level of significance to use? What software programs can be used to compute these tests? Where is the critical test value found? How can one determine if the null hypothesis should be rejected? Give a business example on each of the three possible cases of hypothesis testing. Do you think the rejection region will be different in each one of the three cases? Why? Why not? Justify your answers using examples and reasoning.