Concept explainers
a)
To determine: The suggestion for the Product T that might be affected by the internet and the digital technologies.
Introduction:
The variations in the
b)
To determine: The suggestion for the Company AA that might be affected by the internet and the digital technologies.
Introduction:
The variations in the marketing environment are the major source of opportunities and threats that has to be managed. The process of getting the facts about the external environment of the organization in order to find and understand the potential trends is known as environmental scanning.
c)
To determine: The suggestion for the Museum M that might be affected by the internet and the digital technologies.
Introduction:
The variations in the marketing environment are the major source of opportunities and threats that has to be managed. The process of getting the facts about the external environment of the organization in order to find and understand the potential trends is known as environmental scanning.
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Marketing
- Consider pollution caused by retail industry (such as Amazon, Walmart etc). Then answer these questions and also provide weblinks reference at end. 1. Who are the stakeholders involved in this problem? 2. What roles do these stakeholders have in the problem? 3. Which of these stakeholders are affected by the problem and which contribute to it? Explain.arrow_forwardGive your own explanation of how each of the following ideas has affected human endeavors. 1. E-commerce (or just e-commerce) is the practice of doing business online. Second, secure storage Thirdly, how about digital tools?arrow_forwardKindly answer this as soon as possible thankyou! How does Science and Technology help in solving problems in the society? Explain by citing examples. How can Information Age help to promote Science and Technology in the society and sustainable development?arrow_forward
- Q2. Identify ONE Megatrend from each of the following trends impacting your preferred career Social Technological Economical Environmental Political Legalarrow_forwardExperts anticipate that the Internet, social media, and e-business, as well as associated computer technologies, will continue to grow in the coming years. Who knows what impact this growth will have on how companies interact with their consumers in the future.arrow_forwardwhat target markets should I consider for CCTV cameras? Explain.arrow_forward
- Read the scenario and answer the questions in this section. Managers of Best Buy had just implemented an e-commerce platform to expand their business in terms of customer base. Best Buy is a clothing retail store that offers value for money on clothing items for the family. Based on this, complete the tasks that follow. Elaborate on the e-commerce model adopted by Best Buy and further explain ANY FOUR (4) benefits of the e-commerce model to the retail company.arrow_forwardSelect an e-commerce company. Identify its customer value proposition, its revenue model, the marketspace it operates in, who its main competitors are, any comparative advantages you believe the company possesses, and what its market strategy appears to be. Also try to locate information about the company’s management team and organizational structure.arrow_forwardA disruptive technology is one that significantly alters how consumers, industries, and enterprises operate in the twenty-first century. A disruptive technology eliminates the systems or practises it replaces because it possesses superior qualities. E-commerce, online news sites, ride-sharing applications, and GPS systems are examples of disruptive technologies that have emerged recently. The automobile, electricity, and television were all revolutionary inventions in their own times. a) Elaborate predictive analytics with a suitable example.arrow_forward
- What opportunities does a marketing agency have with AI to improve performance?arrow_forwardWhat are some of the advantages of having a high level of computer and technological literacy?There's no denying that there are advantages to using technology in the classroom, the workplace, and everyday life. The issue is, do these advantages justify the potential drawbacks?arrow_forward3-5. How does technology impact customer value?arrow_forward
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