Michael Porter's 5-forces framework is designed to analyze? factors affecting profitability in a industry factors limiting product differentiation within a product category elements of opportunity in cost cutting for a firm the limits to arbitrage in the secondary market

Q: why is a marketer's experience important in making decisions about the product portfolio despite…

A: The product portfolio refers to the combination of variety of products that a seller or brand sells…

Q: Define the nature and scope of the questions you must answer with regard to your market. Identify…

A: A marketing plan is a vital tool for achieving all sales and profit goals within any company.…

Q: What criteria should a lawn equipment company use in assessing the attractiveness of market…

A: The lawn equipment companies generally refer to the companies that provide products of the…

Q: Explain the five (5) stages of the consumer buying decision process. Provide an example for each…

A: The process that a customer goes through for purchasing a product or service to solve a specific…

Q: Organizational culture has utility for workers and managers because Strong cultures lead to better…

A: Organizational Culture Organizational culture or work culture is the atmosphere and environment of…

Q: There are many different types of business-to-business consumers/buyers. Discuss different types of…

A: Introduction: A business to business process is where a firm or business purchases products or…

Q: It is sometimes argued that marketing is not of any value for the consumer. Respond to this…

A: These days all the organizations have gone global. The organizations are trying to gain market…

Q: What are the main advantages of a market-oriented approach Why might a market-oriented approach be…

A: In market-oriented approach the organization’s core motive is to work for the satisfaction and needs…

Q: In business buying behavior the buying center concept presents a major marketing challenge. Explain,…

A: The buying center is the dynamic unit of a purchasing association. The buying center is made out of…

Q: How can market analysis benefit a business?

A: Definition of Market analysis, A market analysis is a scientific study of a market within a…

Q: whats the common target market groups, their purchasing habits and the ways companies try to attract…

A: Target Market - It refers to a group of customers to whom the Company sells its product and…

Q: How do we spot business opportunity basing on the lifestyle of the target market

A:

Q: Describe what a car manufacturer should do if he decides to pursue; Production orientation Product…

A: Orientation is business refers to the core value of business that helps the organization to fulfill…

Q: Business markets have several characteristics that differ from the consumer market. Distinguish…

A: In a business market one company sells goods and services to another, which then resells or uses the…

Q: Describe the current competitive market for your product. Can you identify the number of brands or…

A: Every market will have different competitive structure and number of competitors. Depending up on…

Q: Why business buyers are better informed than consumers?

A: A buyer is a person or an entity who will take part in the exchange with the other company. He will…

Q: How might you apply consumer market to business-to-business settings?

A: On the digital marketing platform, there are different types of businesses, including…

Q: In this learning activity, we will develop skills related to explaining market segmentation and…

A: Marketing strategy is a process that can enable an organisation to focus its limited resources on…

Q: How does the price of the whole wheat pasta compare to the prices of similar products in the…

A: Price of Product The price of a good or service is the amount of money that consumers must pay.…

Q: How are consumer markets and business markets different from each other? Identify the points of…

A: Business Marketing is the sale of products or services (or both) by one organisation to other…

Q: Consumers can be vulnerable. They may easily believe and be manupilated when marketers have their…

A: Consumer Vulnerability Consumers can be vulnerable depending upon the different circumstances and…

Q: Being locked into a product or technology is a problem only if such a product can be clearly shown…

A: Digitalization has already taken up the world. There is an internet that is being accessed all over…

Q: what are the aspects towards the impact of high prices of goods and services on household spending,…

A: Following things are the aspects towards the impact of high prices if good and services:1. Erodes…

Q: Being first to market can be an advantage and a disadvantage. Provide at least one reason for each

A: Being front typically permits a corporation to build a strong brand perception and customer…

Q: In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy,…

A: Viable market should be practicable, it should be capable of success and continuing effectiveness,…

Q: FIVE (5) reasons why young consumers are more interested in purchasing products they need (e.g…

A: The young generation groups of today known as generation Y or the millennial generation are…

Q: What is the difference between a need and a want? How do marketers create wants? Provide examples.

A: Needs and wants are two different terms and there is difference between these two terms. Needs are…

Q: Does Marketing Create or Satisfy Needs? Marketing has often been defined in terms of satisfying…

A: The objective of this question is to understand whether marketing creates or satisfies needs. This…