Q: How product life-cycle leads to new product development?
A: Marketers, executives, and designers all benefit from understanding the product life cycle. It…
Q: Explain the process of Computer-aided manufacturing (CAM).
A: Computer-Aided Manufacturing (CAM) allows us to create physical objects, whether they are products,…
Q: Explain Statistical Process Control (SPC).
A: During World War II, the United States saw a significant increase in the use of control charts to…
Q: What are the reasons for IKEA’s success around the world (e.g. India, Japan) while other retailers…
A: IKEA is a furniture and housewares brand with operations across the globe. It has been able to…
Q: Why is a company's strategic map important to create
A: Every company is a collection of individual factors in a value chain that leads to results and…
Q: advantages of model of franchise that a business
A: Franchising or a business establishment model, is an authoritative plan of action or relationship by…
Q: Define differential pricing.
A: There are various pricing methods used by firms. For example, there is price skimming method, in…
Q: Why large number of women, minorities, and immigrants have entered the U.S. workforce?
A: Workforce diversity is really an issue for organizations and is of top importance for human resource…
Q: Why is selecting a supplier important?
A: Distribution channel implies about entire procedure that deals with making products available to…
Q: State the three major pricing methods that firms employ.
A: Pricing is a Marketing concept. It helps the company to generate profits for shareholders and for…
Q: State the important features of a product.
A: Any item or service that you give to meet a customer's need or desire is referred to as a product.…
Q: What is the importance of managing customer relationships?
A: Marketing is a very broad concept of business. It includes various activities that are used to sell…
Q: Describe the seven types of business goods and services
A: Goods are said to items having physical existence while services lack physical existence. It means…
Q: Define the term Compensation.
A: The companies require human resources for performing various business functions. Without the support…
Q: How AirAsia encourging domestic tourism in Malaysia during Covid-19 pandemic?
A: AirAsia - It is a multinational airline headquartered in Kuala Lumpur (Malaysia). AirAsia is…
Q: Briefly discuss the steps used in non‐experimental quantitative research.
A: Non Experimental research is a descriptive research without use of independent variable for the…
Q: What pricing strategy is used by local water utilities to charge water bills?
A: Introduction: Pricing strategy is a method of setting up a proper price for a product or service…
Q: Give two examples of how the political / legal forces can impact the performance of the hospitality…
A: Political factors: Any country's hotel sector is heavily reliant on tourism, and also on a country's…
Q: Which pricing is more profitable: premium pricing or captive pricing?
A: Captive pricing-One of the example of Captive pricing is razor blades for shaving razors. With this…
Q: What is meant by a brand name?
A: A brand name is a corporate name or domain name that allows the public to identify and distinguish…
Q: How does a consumer market differ from a business-to-business market?
A: Marketing is gives the undertaken for the purpose of ensuring that customers know about products'…
Q: Discuss both the positive and negative aspects of learning online with the assistance of artificial…
A: These are some of the benefits and drawbacks of artificial intelligence. Every new technology or…
Q: Explain what is a commercial database?
A: Commerce is very important for the world. As a result of increase in commercial activities, there…
Q: What is meant by performance appraisal?
A: The performance evaluation frequently includes the organization's core competencies and the…
Q: What in the media now would you like to change? Prefer to remain? How would you do it?
A: The media nowadays has a big influence on how people act. With a few mouse clicks, information,…
Q: Research and give at least 5 examples of co-creative service design.
A: Introduction: Co-creation is a method where a business allows its consumer to take active part in…
Q: What is Commercialization?
A: Commercialization is the process of bringing new products or services to market. A wide range of…
Q: Ten (10) different models from each of the five (5) randomly selected laptop brands were subjected…
A: The process of market research cannot be executed effectively without sampling. Market research…
Q: Explain the five types of discounts for business products.
A: The discount and allowance facility is particularly important in the selling and distributing of…
Q: SALES AND PROFITS (in Rs.)- Introduction Growth Maturity Decline TIME Fig. 6.1. Stages in Product…
A: There are different market strategies at every stage of product life cycle. From introduction to…
Q: How can technology help to build long-term customer relationships?
A: Long-term customers are considered loyal buyers by marketers. Loyal customers are created as the…
Q: How would you describe the departmentalization and the organizational structure at Graeter’s? Do you…
A: Organizational Structure- It is a system that outlines how some activities are directed in order to…
Q: How packaging is a vital part of the product?
A: First impressions are very important, and your packaging is often the first consumer introduction to…
Q: State the types of utility.
A: The concept of usefulness gives utility its economic meaning. The utility of a product is entirely…
Q: Why organizations find it difficult to delete a product?
A: Company will create products and services as solutions for customers. Every product will go through…
Q: How does a customer’s decision-making time vary with the type of product?
A: Consumer behavior is said as thei personality and attitude of customers having different…
Q: Define Non-price competition.
A: Competition in market is said to be inevitable which means it cannot be eliminated but could be…
Q: What is Multiple-unit packaging?
A: The packaging depicts the wrapping or the outer cover of the product to prevent the product from any…
Q: Which is most important to Huy Fong’s segmentation strategy, and why?
A: Huy Fong's Food Inc. is a California-primarily based totally organization that sells Sriracha sauce.…
Q: Explain penetration pricing.
A: Pricing means the price which is given to product based on its production cost, competition and…
Q: Explain the Indiana-based Berry Global company.
A: Berry Global is an international company. It specializes in manufacturing and marketing of plastic…
Q: State major historical perspectives on motivation.
A: Motivation is the reason for will, desire, and goals. The word motivation is derived from motive.…
Q: With the advent of e-commerce, customers are buying in ways they have never done before. The…
A: M-commerce is a technological development that takes place on a wise phone. it's a phrase made-up by…
Q: How branding helps a firm to introduce a new product that carries a familiar brand?
A: By limiting branding to its aesthetic component: visual identity, it was misunderstood. Some people,…
Q: The Ministry of Tourism has no need for marketing research? Critically discuss this statement.
A: Research is backbone for every successful event or action. Tourism too needs Research for better…
Q: An effective policy to reduce a trade deficit in a small open economy would be to:
A: D) is correct answer. Increase taxes . An effective policy to reduce a trade deficit in a small open…
Q: Explain the term Utility in business.
A: Utility assists the marketers to evaluate consumer purchasing decisions and also pinpointing the…
Q: Explain functional modifications of the product.
A: The products are main item which brings sales revenue and profits for the business. It means the…
Q: Write down two conditions (there can be more than two) under which some consumers' decisions of…
A: Marketers rely largely on systems that collect behavioral data from customers to create marketing…
Q: Define line extension.
A: Line extensions occur when a company introduces new flavors, forms, colors, added ingredients, or…
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- What does the golden rule signify and what is the reason?You have been asked by the CEO of your software organization to hire and manage a small group of software developers in an attempt to reverse engineer the latest release of the software by your leading competitor. The goal of the group will be to identify features that could be implemented into the next few releases of your firm's software. Would you consider hiring software developers from your competitors to start this group? Why or why not? What sort of legal and/or ethical questions might be raised by this reverse engineering effort?Which alternative would you choose if you were in Jane's position?
- What are some effective strategies for resolving disputes between business partners or shareholders?If you were going into the lodging segment, which type of property would you prefer to work at and why?What are the various types and what are some of the methods that are available to manage conflicts of interests in the business world?