Explain why the competitors are switching to the online marketplace. Provide recommendations and rationale for the best options moving forward for your company.
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- Explain why the competitors are switching to the online marketplace.
- Provide recommendations and rationale for the best options moving forward for your company.
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- Determine the three categories of companies that would have the most difficulty competing in the online marketplace.Answer the following: How has e-commerce changed over the years? Do you prepare shopping in online or in-person? Why? What are some challenges that businesses face when operating online?Write the importance of marketing and how it helps running business to survive and to expand. Use any of the concepts or examples.
- Which three firms do you do business with in the banking, retail, airline, or parcel delivery industries? How does IT engage, inform, or provide a distinctive customer experience? How effective is digital technology in retaining customers?What is Customer Relationship Management (CRM), and why is it important for businesses? Provide examples of how CRM systems can enhance customer interactions.How to retain customers?
- Describe the impact (or potential impact) of artificial intelligence in the retail industry, or how it is being used to create new markets in the retail industry, or how it is used for competitive advantageSelect 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.identify cigna pharmacy competitors and external environments and within recent Industry trends review the latest trends within your industry and the potential for the trends to affect your organization positively or negatively. In addition, consider major trends of other industries and the potential impact the trends may have on your organization. • Competitors website and social media presence (LinkedIn, Facebook, Twitter, etc.). Review and assess what your competition is doing. Is your competitor’s social presence more effective than yours? What can you learn from what or how they are promoting? What are their clients saying about their electronic presence?
- Describe Business Markets. Give practical examples.Analyze the impact of CRM on various industries, such as healthcare, e-commerce, and financial services. How do CRM strategies differ in these sectors, and what unique challenges and opportunities do they present?Critically discuss why it is important that marketers study the business environment within which they operate, including their competitors. Give a company of your choice as an example.