Match the following component of a Porter’s 5 Forces analysis to the correct description: Supplier power       The ability of customers to influence the price which firms can charge for good/service       The number of firms offering a directly related product and the intensity of competition between them and the focal firm       The ease with which consumers can switch to a related, but different, good/service in place of the products offered by the company       How difficult is it for new firms to join the industry       The extent to which distributors can influence the cost of inputs for the firm

Q: The two types of integration for sport and non-sport products are, Select one or more: Traditional…

A: INTRODUCTION -  Integration is a marketing strategy that aims to combine two or more products or…

Q: Purchasing department can determine the right prices by: Select one: Using cost structure of the…

A: Determination of the right value may be a troublesome task. it's the most object of any organization…

Q: primary marketing objective of all competitors in mature markets is simply to: Increase price to…

A: Every company will create value for customers in terms of products and services. The company will…

Q: Price strategy is one of important component of service marketing. Why is the pricing of services…

A: Various businesses which provide services do not come up with a good and fair and profitable price…

Q: How can the three main approaches to service pricing be used to come to a good pricing point for a…

A: Some marketers enter into the market by offering services to the customers. These marketers offer…

Q: Which of the following accurately characterize a best-cost provider strategy? A. The strategic…

A: A product line refers to a group or set of related products or services offered by a company or…

Q: Who are the company or brand that practice market skimming? And profile the early adopters who are…

A: Price skimming, also known as skim pricing, is a pricing strategy in which a firm charges a high…

Q: 1. If you are the wholesaler, how would you propose to use supply contracts to increase the profits…

A: Supply Chain Contract Supply Chain Contracts are agreement between buyer and supplier on issues like…

Q: lérs usually under product bundle pricing mix various products and provide the package at higher…

A: Yes, Its True!   Price bundling, also product bundle pricing, is a strategy that retailers use to…

Q: What is cost-plus pricing? How does cost-plus pricing affect supplier behavior?

A: Pricing is use to determine the value a producer will get in the exchange of goods and services.…

Q: An approach services use to set prices according to changing market conditions is known as

A: Price is the monetary value assigned to a good or service, and it is the outcome of a complicated…

Q: Discuss the reasons why suppliers are sometimes reluctant to share price  information with buyers,…

A: Managers are responsible for overseeing the operation and other stages involved in the creation of a…

Q: How do you protect retail stores from competitive threats in terms of Price Strategy?

A: If we look at the old school ways of shopping, then we will find the customers go to a retail store,…

Q: If you were a buyer for zulily, what data would you like to have about past vendor performance?

A: The information that the buyer would love to extract about the past vendor performance will be:…

Q: Define the Product Market Boundary Structure of any industry of your choice. Explain Briefly.

A: There are different organizations and industries that are active these days. There are different…

Q: In the GE-Mckinsey Matrix, Industry Attractiveness indicates the potential for ______. Suppliers…

A: the GE-Mckinsey Matrix, Industry Attractiveness indicates the potential for different competitors.

Q: Explain what impact will technology have on supply base innovation and risk management and will…

A: Technology is growing at a breakneck pace these days. A company's ability to tackle a problem more…

Q: uires sellers to set prices without talking to comp Select one: O a. predatory pricing O b. price…

A: Option A is correct - PREDATORY PRICING

Q: How can you protect your retail store from these competitive threats in terms of Price Strategy?

A: Retailer: He/she is a person who purchases products or services in bulk quantities from…

Q: Which among the eight-vendor identification steps is crucial? Why?

A: It is very important to find a suitable vendor for the firm because lots of work will depend on the…

Q: As a purchasing manager for a manufacturer of domestic appliances you are to source the door seal…

A: An individual and organization to whom the company gives the contract to purchase the raw materials,…

Q: Toyota Motors is trying to assess the performance of two manufacturers that could supply music…

A: Toyota making a buying decision a supplier has to go through the manufacturer’s proposals first,…

Q: As a purchasing manager for a manufacturer of domestic appliances, you are to source the door seal…

A: Procurement and Supply Chain Management includes activities such as obtaining raw materials to…

Q: Explain who sets / drives prices in restaurants? Is it the the customers and/or suppliers?

A: The pricing of menu items in restaurants is a strategic process that involves a delicate balance…

Q: Discuss the advantages of fixed-price policy on the part of customer and marketer.

A: A fixed-price contract gives both the buyer and seller an anticipated outline, offering stability…

Q: Why or why not should food and wine be in a similar price range when matching them

A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…

Q: What sources of information are available to buyers when they start looking at potential sources of…

A: Sourcing is the process of choosing or procuring information resources from a reliable and detailed…

Q: Explain why a product or service’s contribution (selling price minus variable cost) is an important…

A: The product and service plays a very important role in creating right marketing decisions. It plays…

Q: You have recently been appointed as the executive director responsible for the purchasing function…

A: A company's purchase of materials, supplies, or equipment is the responsibility of a Buyer, or…

Q: Purchasing department can determine the right prices by: Select one: Using the system of selling.…

A: Purchasing department can determine the right prices by using cost structure of the product.

Q: Brands can be owned by any firm in the supply chain, whether manufacturers, wholesalers or…

A: Before getting into the question, let’s first understand the concept of brands at manufacture level…

Aggregate Planning Strategies

On the basis of the demand forecast, an organization can complete its business plans. When the business plans are complete, an organization can work backward from the completed total sales to the raw materials needed. Thus, annual and quarterly plans are divided into labor, raw material, working capital, and other demands for a medium-term period (6 months to 18 months). This process of evaluating moderate production requirements is known as aggregate planning.