How do awareness, motivation, and ability affect the firm’s competitive behavior?

Q: What characteristics help companies gain competitive advantage in the marketplace? Does every…

A: Competitive advantage In order to get growth in market share and to attract the customer it gives a…

Q: List the three reasons why it is difficult to putprice theory into practice.

A: The price is an element of the marketing mix which is of huge concern for both the consumers and…

Q: Outline six key milestones essential for deeming a company “viable

A: The first key milestone for deeming a company viable is the development of a solid business plan.…

Q: Using the information from your SWOT analysis, have you identified any opportunities that are a good…

A: Every company will try to create its weakness into its strength by creating various strategies…

Q: what strategies would you implement in your financial institution's finance and operations…

A: The strategies that should be  implemented  in financial institution's finance and operations…

Q: ining the market sha

A: Features of market: 1. Buyers and Sellers: All that is required to develop a market for a commodity…

Q: How are businesses now using Big Data, and what is driving this trend?

A: Big data is the vast information that each company has related to its products and service lines. It…

Q: Describe the useful resource on successful business strategies?

A: Some of the basic resources for successful business- Competitive Advantage- We have seen competition…

Q: What is Business Model Innovation (BMI)? How can it help businesses remain competitive?

A: It is an art of boosting advantage and value generation through simultaneous and mutually…

Q: three specific actions that a business might take to overcome customer distrust

A: Goodwill refers to the positive perception about a business in the eyes of the consumers in the…

Q: Discuss briefly how strategic management works during the BPO sectors. Why it's importance and how…

A: Introduction:- Strategic management refers to the management or proper utilization of an…

Q: A stable base of loyal customers can help a firm grow and prosper. How?

A: Customer loyalty appears to be something that brands can desire purely because of their presence:…

Q: Think about your current or a former employer and discuss following questions: 1- What was the last…

A: Note: The answers have been authored in a generalized manner.Innovation management refers to the…

Q: how is market share calculated, and what factors can impact a company's market share?

A: Market share is the percentage of total sales within a specific market that a company or product…

Q: What kinds of competitive advantages could big dataand analytics give a firm?

A: Big data and analytics are all about using different types of analytics in order to draw inferences…

Q: Can you identify the core competencies of your company? Do they currently contribute to a…

A: Every company will have lots of strength and weaknesses based on which it will try to grab the…

Q: discuss how this equation can be distilled into two component ratios: ‘margin’ and ‘turnover’, and…

A: As these two statements are closely related as if the companies turnover will increase its profit…

Q: Is it not enough for a company to analyze its own strengths and weaknesses? Justify your answer

A: The company will run to increase the profitability, and it can be achieved through increasing the…

Q: How can a company measure the effectiveness and efficiency of its business processes?

A: A business process is a series of interconnected activities and tasks that are designed to achieve a…

Q: Which of the following types of resources contribute to the success of entrepreneurial firms?…

A: An entrepreneurial organization refers to a firm that deals with conducting business regarding the…

Q: How do the company’s customer communication effortsconvey those competitive advantages?

A: The main three steps to communicate competitive advantages to the customers are the following:…

Q: How to retain customers?

A: Customer retention: The ability of a company to get the customers purchase repeatedly without them…

Q: Describe how you will prepare your business plan for a new business venture such as a stationary…

A: Starting a stationery business can be lucrative and fulfilling for creative and competent…

Q: Compare and contrast competitor-centred,customer-centred and market-centred companies.Which…

A: Different companies use different approaches to do business. Some might use a customer-centered…

Q: Conduct a SWOT analysis of your company to identify its strengths and weaknesses. Continue your…

A: SWOT analysis (Strengths, Weaknesses, Opportunities, & Threats) is a framework for assessing a…

Q: Compare and contrast competitor-centred,customer-centred and market-centred companies.Which…

A: Mаrket  оrientаtiоn  is  а  business  рhilоsорhy  where  the  fосus  is  оn  identifying  сustоmer…

Q: How can organizations enhance their customer focus to improve customer satisfaction and loyalty?

A: In the highly competitive world of business, the significance of customer focus is paramount. It…

Q: What is apples revenues, profitability, and market value?

A: Apple is a multinational technology company with global domination and the title of being the…

Q: What strategies should we implement to enhance customer retention and loyalty, particularly in an…

A: In today's dynamic business landscape, where customer expectations are constantly evolving, and…

Q: What is the importance of customer experience to a business success?

A: Customers play a vital role for every organization as they help to drive revenues for the business,…

Q: Give two examples of different ways that outstanding marketing companies do to learn about and…

A: A customer need refers to the various motivators that force a customer to look for a particular…