Why Purchasing must Become Supply Management ? What is Classifying Purchasing Materials Requirements? What are the Strategic Implications of Purchasing Portfolio Positioning?

Q: Define the following and provide example for each of them: 1- Differentiation 2- Marketing mix

A: The marketing concept refers to the need identification of consumers to produce and sell products…

Q: I need help to write retail industry analysis memo?

A: RETAIL…

Q: Compare any two brands with respect to below the line strategies adopted by them. Brands can be from…

A: Ans. Clothes and marketing advertising or marketing strategy where products are promoted to specific…

Q: Compare the purchasing decision of the final consumer and industrial consumer, in terms of the…

A: Above question is answered below:

Q: Define the term “buying centre” in your own words.

A: Organizational buying is the purchase process executed by the organizations to make a purchase.…

Q: What are some constraints on the use of purchase quantity as a price-segmentation fence?

A: About price-segmentation fence concept - A price-segmentation fence refers to a hedge or criteria…

Q: Death of a Product Porter’s Five Forces Model is an essential framework for understanding…

A: In today's rapidly evolving market landscape, understanding the forces that shape industries and…

Q: The business buying process is more comprehensive and complex because of the nature of the system in…

A: The business buying process can be defined as a systematic and organized method of identifying the…

Q: Explain with an example how consumers make purchase decisions can help marketing managers in several…

A: It is crucial to comprehend how customers behave after a sale. Since the sale has already been made,…

Q: Industrial products are: Group of answer choices: A) usually purchased on the basis price and…

A: Industrial products are the products used by industries for their business purpose.

Q: factors influencing

A: Influence factor, excluding interconnectors, refers to the numerical value used to evaluate the…

Q: Explain what is meant by a hierarchy of needs and provide examples of one or more products that…

A: Ans. Introduction Hierarchy of needs are the needs that are necessary for the complete development…

Q: Problem Recognition Describe the problem that might lead you to purchase this product.

A: The consumer purchase decision process refers to the process through which a consumer goes when he…

Q: Explain why it is more important for a purchasing transaction, price , timing or quality

A: Purchasing is the method of obtaining goods and services in order to accomplish a business's…

Q: Give an example of how a fashion brand can build a relationship with its customer on the long term…

A: Lets first give a brief about the company we are going to discuss in this explanation and, i.e.,…

Q: Examine how a buying department should contribute to the organisational strategic planning process

A: Purchasing management is the process of overseeing buy choices or activities of an association.…

Q: Describe the purchase decision process for adopting smart dust, and state how members in the buying…

A: Buying center is a group of people in a business who aid in making business buying decisions in a…

Q: Discuss the pros and cons of sole, single, and multiple sourcing and the various risks associated…

A: An organizational buyer can be defined as a purchaser who purchases goods for the purpose of…

Q: outline the various methods. Tiger Brands can organise for research in purchasing and supply…

A: Tiger Brands, being a prominent manufacturer and distributor of fast-moving consumer goods in…

Q: The following are the factors that affect the buying behavior of consumers: 1. Cultural Factor 2.…

A: In the given scenario, We are provided with information on the usefulness of cell phones,…

Q: How product mix strategies can be used to make product more effective in market? Elaborate your…

A: The product Mix refers to the combination of variety of products that a seller or brand sells under…

Q: Discuss the pros and cons of single and multiple sourcing and the various risks associated with each…

A: Single sourcing: The client picks a solitary provider to give the whole arrangement of…

Q: In marketing, what you get minus what you give up is best known as which of the following?…

A: Marketing refers to the comprehensive term that group of activities that starts before the…

Q: Product Choice Make a final decision about whichproduct you will purchase. Describe the heuristics…

A: A heuristic is an alternate psychological way that permits individuals to tackle issues and make…

Q: DIFFERENTIATE BETWEEN THREE COMPANY PURCHASING ORIENTATION

A: Company purchase orientation refers to the overall approach and mindset that a company adopts when…

Q: The purpose of this miniproject is to increase your understand- ing of the process that consumers go…

A: A consumer is a person who is ready to participate in the economic exchange with the firm. He…

Q: Differentiate between purchasing and supply chain management?

A: Purchasing SC Management Purchasing is a functional group, formal entity, or group on the…

Q: Why is it important to collect transaction-level data for all buying processes?

A: The term "transactional data" refers to information about an organization's transactions that is…

Q: hy is it necessary to collect data from all buying processes at the transaction level

A: The question is based on the importance of data at different stages of the purchasing process, as…

Q: Give one instance of how your family influences your purchasing decisions as a customer.

A: Families should be included in shaping your decisions regarding the developments you want to…

Q: What one department is almost always represented by a person in the buying center?

A: A buying center comprises a group of people who have common goals, knowledge, and risks necessary to…