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- Competiton can be identify using the industry or marketing approach. WHile the industry approach takes the_____ route, the Market approach takes a ____ approach. a. management- based; microeconomics-based Industrial Organization b. microeconomics-based Industrial Organization ; management- based: c. Easy; Hard d. Hard; Easy1. Any business has this technical aspect, may it be small or big _____. 2. Interest rates and inflation rates are considered immediate factors on an economic environment Group of answer choices True False 3. It is a social state where there exist one producer of good or service and the buyer has no other options to buy commodity in a market placethe business idea is about Selling agricultural products I want the answer for these two question Who are the customers? Describe the different customer segments you will serve?What customer’s problems are you helping to solve? / What customers’ needs are you satisfying?Consider: Mass market, Niche market, Diversified, Segmented, Multi-sided platform, Ecosystem, B2B, B2C, B2G, Stake-holders PLZ write clear answers
- 3. Deliberately explain the notoriety of market segmentation to tourism planning and development. Give two (2) examples relevant to your group study and elaborate. This is my answer but i'm not sure if its correct, can you add more and relate to it? thank you. Market segmentation is a helpful strategy in tourism planning as it helps to understand the market scope better, know the demands and preferences of the consumer in regards to tourism, lastly, it helps to understand the opportunities for competitive advantage in the market. Additionally, it could also help form an effective marketing strategy that may result in overall consumer satisfaction. For instance,1. Identify the different sources of business opportunities. Cite an example for each sources of business opportunities that will meet the needs of the market.b) What are the difficulties of diversifying into a new market?c) Discuss the advantages of diversifying into a related market relative to anunrelated market Instruction: This question consistist of question b and c Please to provide a brief response to each question.
- Michael Porter suggested that factors such as initial capital requirements, the threat of price-cutting by established firms and the high level of product differentiation in the industry represent _________ for new firm entrants into markets. Select one: a. Barriers to entry b. Opportunities c. Advantages d. Threats2. The macro-level analyses of markets and industries mainly focus upon: Select one: O a. D. channels of distribution related to company. O b. B. environmental conditions affecting the market. O c. A. individuals in a market or industry. O d. C. specific target customers and companies.Compare and contrast the concepts of market orientation and materialsorientation. Give two examples each (not from the slides) of a firm or goodtype which fits that orientation. Be sure to include the reason(s) for the example to fit in the orientation category.
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