Q: What are the risks associated with backdoor (individualist) buying and selling?Why is Procurement…
A: Backdoor buying and selling is practice of purchase between suppliers and customers that goes…
Q: Think about some of the consumer products you buy frequently, such as cereal, painkillers, or snack…
A: Product targeting must be ensured
Q: What is the price you will sell at to customer:
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Think about your own purchasing habits and the buying habits of your friends/coworkers. Can you…
A: The product which is easily available on the Alibaba website is apparel like shirts, t-shirts shoes,…
Q: What is the difference between purchasing and supply management?
A: PURCHASING- It is the acquired procedure that every business or organization uses to buy goods and…
Q: how do we get our product to consumers in the best and mostefficient manner?
A: Customer orders are the customer's needs and preferences. They order the goods and services they are…
Q: Choose something you buy all the time. Do you know where it is made and how many places it went…
A: Every product undergoes through a production process to be fully developed in order to be of salable…
Q: Buying goods and services for further processing or for use in the production process refers to…
A: Products and services are bought by different types of markets based on their requirements and…
Q: business potential for halal food products in Europe and North America?
A: Halal food is a kind of food which is slaughtered by the Islamic way of slaughtering. In this…
Q: COMMERCIAL & BUSINESS AWARENESS: What are the problems facing our industry at this time?
A: The commercial and business awareness in the role of the candidates and the employee who apply for…
Q: What should the firm do if customers want to purchase a product that is not only bad for them but is…
A: A product is a good or an object that is sold in the market to satisfy the needs and requirements of…
Q: Draw the supply chain of any (Nestle or Unilever) fast-moving consumer good and describe the various…
A: Supply chain is a very important factor for the long term success of a business as it involves…
Q: Define the Product Market Boundary Structure of any industry of your choice. Explain Briefly.
A: There are different organizations and industries that are active these days. There are different…
Q: Why people demand in food products?
A: Demand runs the market. Customer demands various things which is solved by businesses in terms of…
Q: what are potential consumer responses to service pricing or policies that are perceived as unfair?
A: Pricing the process to every organization to set or fix the price of the its products or services…
Q: Why setting prices for business products is different from setting prices for consumer products?
A: Prices are the monetary value side by the company on the products and services as a part of exchange…
Q: characteristics of an attractive industry? How would you identify that a target market is attractive…
A: Targeting strategy breaks a large market into smaller homogeneous segments to concentrate on a…
Q: Describe the current competitive market for your product. Can you identify the number of brands or…
A: Every market will have different competitive structure and number of competitors. Depending up on…
Q: Why is it difficult to control cost related to marketing?
A: in general, marketing costs are simply the costs brought about in advancing your trade. Customarily,…
Q: What is the term used for the process of surveying the market environment to assess external threats…
A: Environmental scanning is a term used by marketers for analysing and surveying the threats and…
Q: What are the reasons that Producers sell directly to consumers?
A: There are four channels of distribution. 1. Direct selling2. Selling through intermediaries3. Dual…
Q: Why production and marketing costs have become the most important determinant of profit?
A: A company will create value for shareholders in terms of profits and for customers in terms of…
Q: The costs of procured goods and services are very important to public sector buyers. Whilst this is…
A: Procurement is the essential part of the supply chain strategy in every business necessitating…
Q: products?
A: Distribution alludes to the most common way of selling and conveying items or administrations from…
Q: How can the company differentiate its goods and/or services from those of its competitors?
A: The following is the response:
Q: Are consumers likely to respond to in-store price reductions?
A: Retailers is the individual or group business operations where they close work with customers by…
Q: What steps could a company take to determine the perceived value of its products in its target…
A: There are many bestseller management books in the market which have a great influence on the people.…
Q: In terms of the costs, will you prefer doing shopping every day or once a year? why
A: Shopping refers to the process through which customers purchase the good or services of their…
Q: How do consumer products differ from industrial products?
A: Products are offerings of the company for the customers in order to fulfill their needs. A product…
Q: What other issues beyond the market and the economy must marketers consider when setting prices?
A: Factors to consider when setting price Pricing is one of the most challenging aspects of running a…
Q: How does consumers provide value to a product or service?
A: Customer value is the perceived value of a customer for a good or service, that is recorded as the…
Q: Sources of market failures and solutions to those market failures
A: A Market can be described as a place where free trade of products takes place. It can be referred to…
Q: should a company choose the most attractive target markets?
A: An attractive market segment is one that provides your company with solid current or long term…
Q: Briefly describe each of the following, and explain how it is used in technical analysis: a.…
A: Technical analysis is carried out to assess and evaluate investments and other opportunities by…
Q: As a consumer, what are the different factors that will make you buy their products or services?
A: Above question is answered below:
If you were to practice, what are some ways by which you can increase the market's demand for your products?
Step by step
Solved in 2 steps
- What can be a particular product (goods or service) that can be offered in the market that can eventually gain customers' loyalty?In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?Describe the current competitive market for your product. Can you identify the number of brands or the market share that they hold? Expand your analysis to include other products that are similar or could be substituted for yours.
- Think of a new or revised product or service that you would like to see on the market. Discuss the implications of producing that product or service relative to legal, ethical, environmental, profitability, competitive, design, and production issueshow do we get our product to consumers in the best and mostefficient manner?Why would you pay more today than you paid yesterday for the same product?
- Will the new product cannibalize sales of existing products or will it increase revenues by reaching new market segments?How can the company differentiate its goods and/or services from those of its competitors?what are potential consumer responses to service pricing or policies that are perceived as unfair?
- From your experience as a consumer, how does the demand for industrial products differ from the demand for consumer products?Why has there been such a surge in the number of different products available in our economy?Screen the proposed solution from a certain market problem in terms of viability and profitability. Explain why you have chosen the particular proposed solution.