Answered: The macroenvironment consists of the…

The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics Select one: True False

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Q: Companies that focus on gaining customer knowledge and developing insight into this knowledge, can…

A: Burger King's locations are designed and laid out in the structure of a classic fast-food chain…

Q: Tech Products Inc. is one of the world's leading technology companies known for its innovative…

A: PESTLE analysis is a strategic management tool used to assess and analyze the external…

Q: " Factors influencing opportunity exploitation are customer value of product or service, stakeholder…

A: The question is related to true or False. In general, factors influencing opportunity identification…

Q: What factors do we consider when putting up restaurants/food service facilities? Are there special…

A: Food Service and Hospitality comprises of businesses and organizations that deliver a meal outdoor…

Q: Briefly explore the business plan of the organization in terms of: Market Competition External…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Conduct a SWOT Analysis of Tropical Leisure based on the images provided and Elaborate on 5…

A: SWOT analysis helps in defining the strengths and weaknesses of an organization against the factors…

Q: Why BDO Unibank provides their best resources and opportunities to grow their business and improve…

A: BDO is a universal bank that offers a wide range of services. Lending (corporate, middle market,…

Q: Tech Products Inc. is one of the world's leading technology companies known for its innovative…

A: Tech Products Inc., a leading technology company recognized for its innovative products such as the…

Q: Tech Products Inc. needs to adopt, to allow them to achieve their objectives as mentioned in the…

A: Emergent strategy is characterized by flexibility, adaptability, and continuous learning, which…

Q: using the Ansoff matrix for any one of the following companies identify and explain the corporate…

A: Ansoff growth matrix is a matrix made out of product and market parameters. It discuss the 4…

Q: In a customer segmentation matrix, which quadrant would a customer be in if your main priority was…

A: A customer segmentation matrix is used to divide the customers into different quadrants based on…

Q: An industry's key success factors A) can be determined from studying the "winning" strategies of…

A: Key success criteria sometimes referred to as competitive emphasis or strategic posture, list the…

Q: Tech Products Inc. is one of the world's leading technology companies known for its innovative…

A: Tech Products Inc., a prominent technology company facing escalating challenges in the dynamic…

Q: What is the connection/relationship between the Second Law of Thermodynamics and the Christian…

A: The Second Law of Thermodynamics states that in all energy exchanges if no energy enters or leaves…

Q: Using named food examples, what are the 4 main types of competitors in the Competitive environment?

A: In business, competition refers to the struggle or rivalry between organisations that sell…

Q: This External Environmental Factor is the most dynamic. Select one: O a. Competition O b. Political…

A: Correct answer will be (c) Natural

Q: Tech Products Inc. is one of the world's leading technology companies known for its innovative…

A: The dynamic nature of the technology sector presents businesses with significant obstacles due to…

Q: Identify the business strategy that defines the major actions Comcast organization builds and…

A: Business strategies are actions/plans formulated and implemented to become successful and for…

Q: What is the outcome of a successful business strategy? above-normal market share, when compared to…

A: Business strategy is the set of decisions and actions that guide an organization in achieving its…

Q: Tech Products Inc. is one of the world's leading technology companies known for its innovative…

A: In today's dynamic and competitive business landscape, organizations must possess a keen…

Q: See if you can identify the value chain relationships that make the businesses of the following…

A: The objective of the question is to identify the value chain relationships that make the businesses…

Q: Tech Products Inc. is one of the world's leading technology companies known for its innovative…

A: Tech Products Inc., a leading technology company renowned for its innovative products such as the…

Q: Select an organization or a company of your choice, use SWOT & PESTEL analysis tools to firstly…

A: SWOT and PESTEL analysis are used to make a systematic and thorough evaluation of a new business or…

Q: Select a business organization and describe its competitive environment for the products or…

A: Cereals brands have so much have so much of competition. It is a product that is available so much.

Q: Read the following case study and then answer the question that follows:InvestSure has created what…

A: A group of 3 members in South Africa came up with some innovative ideas for countering digital…

Q: In your own point of view, what are the characteristics of a good decision in terms of…

A: Decision making refers to choosing or deciding the alternative that best suited to all the…

Q: ABC Company is a mid-sized manufacturing company operating in a highly competitive market. The…

A: In today's fiercely competitive business landscape, companies across various industries must make…

Q: Once you have performed your feasibility analysis, it is important to determine that a new venture…

A: When starting a new business, it is important to consider the industry and market in which you will…

Q: How does the PESTEL analysis framework contribute to the external environmental scanning process in…

A: In the realm of strategic planning, a thorough understanding of the external environment is…

Q: Use Michael Porter’s 5 forces to analyse competition on a local, regional and international level…

A: The objective of the Porter Five (5) Forces Model was the assessment of the positioning and…

Q: Systems analysis affects purchasing.

A: Systems analysis, as a process of examining, identifying, and improving the components and structure…

Q: A clothing company made $800 million worth of revenue on backpacks this year. The total market for…

A: Market share is the measure of what percentage of total customers has your firm covered from the…

Q: Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from…

A: The marketing communication is one of the 4 P's of marketing mix which falls under Promotion.…

Q: Firm Market Share (%) 22 20 C 20 D 20 E 18 Refer to the data. The Herfindahl index for this industry…

A: Herfindahl index, also known as Herfindahl-Hirschman Index (HHI) is a measure to determine the…

Q: What should a company do related to their positioning and the company's business model for…

A: Customer service is a standard for customer satisfaction, which is the planning of every retailer to…

Q: Create a PEST Analysis (Political-Legal, Economic, Social-Cultural, Technological for the APPLE…

A: PEST analysis includes political factors which can be influenced by government policies,…

Question

The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics Select one: True False

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.

Similar questions

the food and dairy company is it a customer-oriented or a product-oriented company?
How can organizations effectively identify and leverage the often-overlooked elements within the value chain to create a sustainable competitive advantage?
Tech Products Inc. is one of the world's leading technology companies known for its innovative products, including the TechPhone, TechPad, Tech computers, and software services. At present, Tech Products Inc. is now facing significant challenges in an evolving industry landscape due to increasing competition and the introduction of similar products on both the local, regional and global markets. The company is aware that internal and external drivers play a crucial role in shaping the strategic direction and overall performance of an organization, and that to remain relevant they must be able to understand and respond to these drivers in an effective manner. To assist them in formulating a comprehensive strategy that can help the company navigate the complex business environment it faces, Tech Products Inc. has hired you as a Strategic Management Consultant. Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not been keeping abreast with…
Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI Investment. WhereIsMyTransport has secured R42-million in funding from Naspers Phuthi Mahanyele-Dabengwa, South Africa CEO of Naspers comments on the importance of supporting innovations that address mobility issues. “Mobility remains an obstacle for billions of people in high-growth markets across the world. Our investment in WhereIsMyTransport is a testimony of our belief that great innovation and tech talent is found in South Africa, and with the right backing and support these businesses can provide solutions to local challenges that can improve the lives of ordinary people in South Africa and abroad.” WhereIsMyTransport, Founded in Cape Town in 2015, the mobility tech startup maps formals and informal public transport networks and uses this data and…
Identify two current organizations—one organization facing a low-risk competitive environment and one facing a high-risk competitive environment. For each of these organizations, explain why you have evaluated its competitive environment as either low risk or high risk, using strategic planning and analysis concepts (such as Porter's Five Forces Model) For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.
Identify some of the rules and regulations of one of the following industries that you feel exist, or should exist, and how they could impact the market: A. construction B. medical field C. restaurants
How can an organization effectively identify and leverage untapped elements within its value chain to gain a competitive advantage in the market?
Oligopolists will sell their products by reducing the price of their products. Select one: O True O False
Please select the analysis, which focuses on the analysis of the environment only. Select one or more alternatives: Strategic management model PEST Porter Five Forces SWOT
Case Studies in Management: Bank of America Corporation - 2011 Briefly discuss the organization and its product and services. Discuss the strategic dilemma that your company is facing. Show existing vision, mission, objectives and strategies. Evaluate the mission statement. If the mission statement does not exist or needs to be revised, please craft one or revise the existing mission and tell why it needed to be improved. Identify all of the organization's external opportunities and threats. Highlight and explain the three most significant opportunities and the three most significant threats. Identify and discuss at least 3 major competitors. Compare your organizations performance with the performance of their competitors. Identify all of the organization's internal strengths and weaknesses. Highlight and explain the three most significant strengths and the three most significant weaknesses. Calculate and discuss key financial ratios. Please include at least one ratio from each…
How can an organization optimize the integration and coordination of different elements within the value chain to enhance overall operational efficiency and create a competitive advantage in the market?
How can an organization effectively identify and leverage the "support activities" within the value chain to gain a sustainable competitive advantage in the market?