Answered: Can we trust our friend in the…

Business

Marketing

Can we trust our friend in the business? What are the disadvantage of trusting anyone blindly in business?

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Q: What does continuous improvement and sanctification of one's life look like within a business…

A: In their pursuit of a business venture, they are committed to a unique vision—one that goes beyond…

Q: Assume that you are the owner of a successful small-to-medium-sized business. You want to grow your…

A: Isolating business and individual budgets is a multi-step measure that some first-time entrepreneurs…

Q: Why Institutional Housekeeping is more complex than Domestic Housekeeping?

A: The main objective of the housekeeping whether in hotels, hospitals, universities or other…

Q: What are some of the underlying motivations that prompt individuals to agree torequests that do not…

A: The question aims to understand the motivations that drive individuals to agree to requests that do…

Q: A disruptive business model of today will become a standard business model in the future? Do you…

A: Disruptive business model A disruptive business model refers to the business which disrupts the…

Q: Discuss the potential influence that insiders may have on the security of a firm, as well as the…

A: The person working as the insider of the firm, is referred to the person who is accepted member of…

Q: As a CIO of a company today, how worried should you be for your organization and its customers about…

A: What is Cyber Security? The practice of protecting computers, servers, mobile devices, electronic…

Q: Do you think that microfinancing is a good business?

A: Microfinance is a type of banking service provided to the low income or other unemployed customers…

Q: TRUE OR FALSE 2. A business stakeholder is one who has made financial investments in the business.

A: Concept Of Stakeholders - Stakeholders, can be described as a type of an individual, group or a…

Q: A British businessman just invested 50-million-pound sterling (£) in a telecommunication business.…

A: Expatriates are those individuals who are currently residing abroad because of overseas project.…

Q: what do you think is the biggest contribution of the chosen financial manager to the success of the…

A: Financial Management : Financial Management can be defined as a type of management which focuses on…

Q: What does business with humanity in mind mean to you

A: For us, this implies the change of business instruction, and repurposing the conventional business…

Q: Some could argue that no one is "hurt" by insider trading, as both the trader and his or her clients…

A: Insider trading means a select few people trade on material nonpublic information. If that is the…

Q: Describe three elements that can cause uncertainty within an enterprise's cash budget and provide…

A: Marketing in Competition: One of the most common elements that effects the cash budget for a firm is…

Q: If one person is both the CEO and chairperson, what impact will this have on the firm or the…

A: CEO and Chairperson are the two main important persons in an organization. Chief Executive officer…

Q: what is the impact of business fraud on an organization's reputation and stakeholder trust?

A: Business fraud refers to the deliberate and deceptive actions taken by individuals or organizations…

Q: What measures can management implement to ensure effective investor protection within the…

A: Investor protection is a pivotal aspect of managing an organization. It refers to the range of…

Q: good relationships

A: Many people who work full-time report that they spend more time with their coworkers than they do…

Q: What happened to the management of each company after the Microsoft-linkdeln merger? Why was this a…

A: In order to expand the business operations, the organizations adopt different approaches like…

Q: has apple been in business? Is its management experienced? Has management been successful in the…

A: A mobile industry is a part of the telecommunications industry that primarily focuses on…

Q: With a PESTEL analysis, identify 3 opportunities and 3 threats facing the Telecommunications…

A: Businesses in a variety of industries raced to build up cash reserves so they could weather the…

Q: Describe the six different types of TRUSTS presented below: · Living or Inter Vivos Trust ·…

A: What Is an Inter-Vivos Trust:- A between vivos trust is a trustee relationship utilized in home…

Q: Why is "trustworthiness" part of the six values for code of ethics. and give an example please.

A: Ethical Code of Conduct A Code of ethics in a business ensures that there is a culture of ethical…

Q: The Internet-based economy is going to end up just like the old economy with the huge conglomerates…

A: Internet-based economy refers to a scenario whereby business activities are conducted with the help…

Q: How the good competitors in business should be?

A: Attributes of business: 1. The business activities are carried out in order to earn profit and is…

Q: We have not been informed of Shady Company's mission statement or code of ethics with Start Talking,…

A: Note: The solution is provided in a generalized way. Ethical standards are an essential component of…

Q: How do you describe the business world where we live in now ?

A: Business Business can be defined as any institution that runs on a regular basis, that has been…

Q: As a result of your having lived, three things have changed in the world. What are they?

A: This has to subjective based question, however we will be answer this question in business and…

Q: Why would it be to anyone's advantage to lower the total number of support structures for students,…

A: A management device is a software program or system designed to assist managers in numerous…

Q: Describe business intelligence and the instruments at your disposal?

A: Business refers to a coordinated element or venture participating in business, modern, or expert…

Q: What is Confidentiality?

A: Confidentiality is the state of keeping things secret or private and not indulging the information…

Q: If accepting risk is part of being an entrepreneur or running a business, shouldthe government,…

A: An entrepreneur is a person who take risks and start a new firm by bearing all the uncertain…

Q: If you are the owner of one of the most competitive/profitable grocery chain companies here in the…

A: It is important for any country's to go beyond its national boundaries and expand at an…

Q: Colleges and universities, like all business, have strengths, weaknesses, and competitors. What…

A: Today’s workforce is moving online.It’s clear, then, that learning online helps prepare…

Q: I own a coffee shop. Please identify the possible STRENGTHS, WEAKNESSES, OPPORTUNITIES and THREATS.…

A: Strengths: Location: If coffee shop is located in peak location where there is more youngster, then…

Q: Do you think honest company missteps caused unilever to shy away from acquiring the company

A: The honest company is a consumer-goods business that sells nontoxic, eco-friendly items for baby and…

Q: What is the importance of finanacial transparency in a business?

A: Financial Transparency means being transparent and open in sharing information regarding the…

Q: Explain the advantages and disadvantages of open-book management.

A: Open book management (OBM) is a business practice or a technique to educate employees of an…

Q: What are some of the advantages of conducting business with integrity?

A: The purpose of the company should not be just to make a large profit. Profit, of course, is…

Q: Read the following description of an organization and consider how elements of its internal…

A: 1. They Manages the business risk of the organization. 2. They also organizes audit of the company…

Q: What are your strength and weaknesses as a bank officer as you contemplate your career? How do you…

A: "The solution has been provided in a generalized Manner." Assessing one's strengths and weaknesses…

Q: Which of the trace minerals you least aware of? Which of the major minerals are you least aware of…

A: Which of the Trace Minerals Are You Least Aware Of?Among the essential trace minerals, molybdenum is…

Q: Under what kind of conditions do you think a social entrepreneur would be well advised to use his or…

A: ENTREPRENEURSHIP: Entrepreneurship is the process of establishing a business by undertaking…

Q: Do you agree that managers and firms really pursue their interests? Why or why not?

A: 1. Absolutely. Managers and firms pursue their own interests to some extent. It is only natural for…

Question

Can we trust our friend in the business? What are the disadvantage of trusting anyone blindly in business?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 Introduction

VIEW

Step 2 Explanation

VIEW

Step 3 Explanation

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.

Similar questions

A recent incident involving access control or authentication might be studied as a case study to assist highlight best practises for avoiding similar security breaches. Do you believe that it has altered the method in which the company does business? Can you give me an accurate estimate of how much money the company has lost?
Describe an example of how you've successfully resolved a business dispute. What alternatives could you have considered? Would you do anything differently the next time around?
Is there a company that succeeded under circumstances that are similar to those that your firm faces?
why do you think wealth maximization has to be the prime importance goal of the financial manager?
What are the possible consequences of reducing middlemanagement positions?
How does the ability to compute key financial ratios in Excel improve your ability to critically evaluate, analyze, and interpret information so that you can make good business decisions?
What strategies can organizations implement to effectively navigate and adapt to dynamic and unpredictable business environments while maintaining a competitive advantage?
What about a quick rundown of the problems affecting the business climate and the difficulties that American companies will have in the future?
Are self-driving cars good business investments?
Which one fits the blink: reciprocity, liking, scarcity, authority, social proof. If you do a favor for me, at some point I will do a favor for you; this idea of repaying a debt is known as the principle of ------.
You own a small company that developed software for organizing and playing music on mobile devices and computers. Your software contains a number of features that you have patented and the future looks bright. However, you have discovered something troubling. It appears that a number of the patented features were copied in similar software developed by Music 4 All, a huge software company with annual sales in excess of $1 billion. You are distressed. Music 4 All has appeared to have stolen your ideas. Worse yet, that company has the brand recognition and a marketing budget that far exceeds yours, which positions it to steal the market and possibly drive you out of business. You decide to sue Music 4 All for patent infringement. With attorney’s fees and other expenses, the cost of going to trial – win or lose – is expected to cost you $1 million. You and your attorney feel you have 60% chance of winning the case, which would award your $5 million in damages. If you lose the…
what is The advantages and disadvantages of nepotism