true or false, and then 1-2 sentences for the reasoning. that need to be provided4. Joint ventures involve entering the global marketplace by selling domestically produced goods across nationalborders.5. The four marketing philosophies are commonly referred to as production, sales, market, and societal marketingorientations.6. Revenue is the price charged to customers multiplied by the number of units sold minus the cost to produce theproduct and the costs to operate the business; it is synonymous with profit.7. SWOT stands for strengths, weaknesses, opportunituies, and threats and is part of the firm's situation analysis.8. A sales orientation is based on the marketing concept, which is the idea that the social and economic justificationfor an organization's existence is the satisfaction of customer wants and needs while meeting organizationalobjective.

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Answered: 4. Joint ventures involve entering the…

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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answer in short Outline the risks faced by agricultural producers and the methods of managing these risks. 1. Which of the following methods does not help reduce production risks? a. buy disease-resistant seed varieties b. select stable enterprises c. Invest in excess machinery capacity d. sell crops to a farmers market e. diversify crops and/or business 2. Which of the following methods does not help reduce marketing risks? prepare a marketing plan Stockpile production inputs know your competitors recognize comparative marketing advantage integrate vertically to ensure a market or form marketing alliance 3. Which of the following method does not help reduce risk in financial decisions? expand markets for your production develop a realistic financial plan improve the record-keeping system to increase credit availability invest in fewer risky enterprises Use fixed-interest rate loans
Future Growth Keraan believed that there was still a wide range of the South African population that had not yet heard of or tried out TymeBank. “We see the opportunity to expand our distribution footprint of the TymeKiosk and being creative about how and where we acquire customers,” he said. “We are very conscious that we have to remain organisationally nimble and innovative. This is important, because by constantly innovating the way we deliver products and services to customers, we are becoming more efficient. Delivering better value for customers is key to fundamentally driving acquisition and adoption by customers in the long-run.”77 Tyme was also planning to bring the TymeBank South Africa model into other markets in Africa and Southeast Asia – but only once TymeBank was securely established in South Africa.78 Plans also included seeking more partnerships with ARC’s businesses, such as insurance and asset managemen Utilizing insights from the Tyme Bank Case study, to make…
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4. Joint ventures involve entering the global marketplace by selling domestically produced goods across national borders. to