Identify some recent technological innovations in the marketplace and describe how they have affected consumers' everyday activities.

Q: Why do consumers love social trends?

A: The majority of people have observed a social trend.The activities in which society participates are…

Q: How far has technology advanced in the last several decades, and what different sorts of…

A: A technological system is a collection of linked components that have been programmed to perform a…

Q: Why would the market produce an inadequate level of some goods and services which society might view…

A: Product manufacture is dependent on varied factors other than societal welfare. The inherent reasons…

Q: How can businesses adapt their customer segmentation strategies in response to changing market…

A: Customer segmentation is the process of dividing a company's clientele into groups based on shared…

Q: Discuss the cause for growing consumerism .

A: Consumerism is a well-organized social movement aimed at enhancing customers' rights and influence…

Q: Please supply/provide a positive and negative feedback mechanism for manipulating the environment…

A: Positive Feedback Mechanism: A positive feedback mechanism for manipulating the environment in a…

Q: List three barriers that stop companies from engaging in the circular economy

A: Thr concept of circular economy is gaining high recognition in the recent market trends. It aims to…

Q: Determine consumer electronics  and describe potential opportunities and threats in that…

A: Introduction The external environment includes a group of factors from outside of the organization,…

Q: Assume any business idea and identify a business, social or environmental problem that has effects…

A: The business idea is to install solar panels. Many green-minded homeowners want to install solar…

Q: at strategic competitive advantages do you perceive in e

A: Features of competitive advantage: 1. Cost leadership is the competitive advantage in which the…

Q: How does the market society ensures that the market is competitive  in nature?

A: The competitiveness of the market depends upon the supply and demand of the market. A competitive…

Q: In light of the COVID 19 virus outbreak, list the primary benefits and challenges that information…

A: The COVID-19 pandemic has significantly impacted the educational sector globally, and Ghana is no…

Q: 4-5 Identify consumer and marketer reactions to the state of the economy

A: State of the economy is important from business point of view. Firms have to understand the state of…

Q: Describe the characteristics of businessto-business markets and business-to-business market demand…

A: Characteristics of business to business market are: In comparison to the overall number of…

Q: List 3 drivers that push companies to engage in the circular econom

A: 1) PRODUCTS AS SERVICESGoods merchants embrace the idea of themselves as service providers in…

Q: How is intervention related to technology

A: In the recent past, there have been many significant inventions in the field of information…

Q: Which theory of consumption best explains the consumption behavior of consumers of our economy.

A: Consumer behavior is known from what type of products the consumer choose . It is…

Q: Discuss how economic forces affect marketing

A: Various economic forces influence an organization’s ability to compete with the consumer's tastes…

Q: What are internal and external environmental factors? and explain the importance of them with…

A: The business environment is the total of internal and external factors that have a direct or…

Q: What is Circular Economy in Fashion? Explain.

A: The objective of the question is to understand the concept of a circular economy in the context of…

Q: Why is transparency among the people important in the market society?

A: Transparency means being honest towards the operations which one adopts.  It means doing your work…

Q: Explain the importance of understanding the market-place and customers and identify the five core…

A: The idea of the market essentially rose up out of the idea of an exchange. We can characterize the…

Q: Discuss the impact of current trends in the economic environment on consumer spending and buying…

A: Every economy requires strong policies and free market to grow. Economic health of a nation is very…

Q: Describe the market oppertunities and threats that can be identified from the gathering of…

A: Environmental Data -These are those data that are gathered on the measurement of the environmental…

Q: Name any two services regarded as social indicator

A: Social indicators are particular quantifiable measurements used to assess an organization's…

Q: In what ways would you characterize the expansion of Internet use throughout the globe

A: Every single innovation which is beneficial for humans who is the humanity forward. But there are…

Q: How can we solve the various ethical issues caused by widespread usage of digital technology like…

A: The widespread adoption of digital technology, from personal computers (PCs) to local area networks…

Q: Psychological factors determine how consumers perceive and interact with their environments and…

A: Consumers are the king of the market. They rule the market. Consumers have a perception of products…

Q: Enumerate the change in shopping and entertainment and how they adapt to new challenges that are…

A: The change in the shopping and entertainment environment is due to changing consumer behavior. They…