3 answer need i will uploded QUESTION 20To assess whether inflation is going up or going down, economists look at changes in (select one):GDPlevel of unemploymentCPIbuilding permitsQUESTION 21Ultimately, the goal of any business is to satisfy the needs of itsemployeesownerscustomerscreditorsQUESTION 22Under a system characterized by.monopolisticoligopolisticperfect/pureentrepreneurialcompetition, there are many consumers buying a standardized product from numerous small businesses.

In the realm of economics, various market structures define the dynamics of how businesses interact…

Answered: QUESTION 20 To assess whether inflation…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q.NO.3 A marketing strategy is a coherent process to meet your business goals and acts as a foundation of a marketing plan. Develop a marketing strategy for any electronic product by following the given steps; 1. Highlight strengths and make your weaknesses irrelevant 2. Segment your market 3. Write a marketing plan 4. Decide on tactics to reach your market 5. Measure your progress and refine
Question 5 Consider the following case study, then answer the questions that follow: Going offline for the most rounded customer experience By Maria Michael 10 Sep 2019 The narrative around retail can often make it seem that online is the only space that matters. Time and again we see another celebration of the immediacy, convenience or intuitiveness of digital as a channel for both communication and all‐round service delivery. But is digital really reducing other channels to obsolescence? Quite the opposite: there’s a huge advantage to be had in bringing product and experience to life through physical touch. Digital can remove the pain points of the retail experience, but only an omnichannel approach can make it fantastic. Let’s take the ultimate digital provider – Amazon. Its business extension into the bricks and mortar store, Amazon Go, was trialled successfully in Seattle and is set to expand globally. The store takes the pain out of retail by…
Question Transcribed Image Text:Almost all large companies have a formal CRM program. Here are a few examples of how companies have implemented CRM: Boots the Chemists, a U.K. retailer of over 1,400 health and beauty stores, uses e-CRM analytics to learn about customers in its e-loyalty programs. The retailer uses data mining to acquire insights into customer behavior. Customer service agents can analyze, predict, and maximize the value of each customer relationship. • Continental Airlines monitors telephone calls to its data center, using intelligent software from Witness Systems (witness.com) to analyze recorded conversations. The analysis tells Continental Airlines what customers really want. It also helps the company craft marketing plans and business strategy. Results serve cus- tomers better and resolve problems immediately, saving the company $1 million annually. • Micrel Inc., a leading manufacturer of integrated circuit solu- tions for enterprise, consumer, industrial,…
Q.No.1. The popularity of home businesses such as Rodan+Fields, eBay, and other e-commerce sites has given rise to a new kind of entrepreneur: the "mompreneur." Typically ex-corporate professionals, these web-driven women launch home businesses specializing in the sale of antiques, jewelry, thrift-store fashions, and other items. Aided by digital photography, wireless technology, and friendly postal workers, these savvy moms are one of the fastest-growing segments of entrepreneurs building successful businesses on the web. Why are many professional women leaving the workplace to start entrepreneurial ventures online? Answer: Q.No.2. Recently ranking near the top of the Forbes list of the world's most powerful women was Sheryl Sandberg, the COO at Facebook. As Facebook's chief operating officer since 2008, Sandberg has helped dramatically boost revenues at the social network. Sandberg also founded Lean In, a nonprofit named after her bestselling book, to support women's empowerment.…
QUESTION 6 Nudging people refers to a. ltering incentives in an attempt to change people's behaviour. b. directing people along a specific path in a store, such as IKEA, or in airport departures. c. making pricing more transparent. d. successful advertising.
Question 6 According to Stephen, et al., in "The Association Between Household and Neighborhood Characteristics and COVID-19-related ICU Admissions," 1 pts ICU patients were often people from multi-family homes All of these Non-whites had higher rates of ICU admission ICU patients were often essential workers
Question 23 Flurrbies, a brand of unique winter accessories that quickly fell in and out of favor with customers, is an example of a O a. style O b. norm OC. subculture O d. fashion O e. fad
Question 30 The most basic human needs, according to Maslow, are Physiological Needs. Philosophical Needs. Psychological Needs. O Psychic Needs
Op7. Question 4. Assume you are the marketing consultant for an upscale food market that wants to focus its marketing efforts on attracting new customers. You have a choice of segmenting the market on either a demographic or a benefit basis. What is the difference between the two? Which would you recommend, and why? Type your answer............. Question 5. Differentiate between breadth and depth of a firm's product mix by choosing a familiar company and explaining how its products exemplify these two concepts. Type your answer................
QUESTION 17 When his manager told Marcus that his sales territory was being reduced to two states from four, Marcus thought he had done something wrong and was worried about his future at the company. In reality, his territory was reduced because the company didn't want to pay the taxes charged by those states. What is influencing Marcus's stress? a. individual differences b. perception of the situation past experiences d. social support C.
Q2 Director of Marketing in a company, reports and records showed a decrease in salesby 10% compared to last year, and a decrease in market share by 5% compared to the total sales of competing companies offering the same goods in the same market. JApply the decision-making model with its sequential logical steps to this case stating the details of each step in a clear form Accurate, scientific and practical, as in ?the ideal case of theoretical decision-making, as well as in reality
Multiple Choice Question 7. Which of the following is true of the U.S. age demographics? A C D E AUB The Generation Xers form the largest segment of the population. The Generation Xers are the most educated section of the population. The baby boomers are the poorest segment of the population. The Millennial generation accounts for nearly half of all the discretionary consumer spending in the U.S. The Millennials are the most financially secure segment of the population.

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