Business Essentials (12th Edition) (What's New in Intro to Business)
Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
Question
Book Icon
Chapter 13, Problem 13.29C
Summary Introduction

Case summary:

In 2005, the editor of W Magazine, Person CA, wrote a book on the long tail. He suggested that the rise of e-commerce has relaxed the ways for the customer to search for a product. The internet has allowed the customer to look for a product they require. The long tail signifies the ending portion of the demand curve which is with the restricted shelf space and with increased use of distribution channels, goods can be economically attractive and available.

Person CA argues that the store only stocks expensive items but online retailers like company A can stock virtually which allows them to the sell various products. Instead of stocking special items by itself, company A offers a marketspace for its long-tail items.

Long-tails has offered the customer to access any kind of product which was once not available in the market. The Internet has allowed users to search for any kind of products and the suppliers to choose their segment of the market.

To determine: The methods to market the products or service when one start niche marketing business.

Blurred answer
Students have asked these similar questions
Define risk management in the context of WSS, the electricity company. What are some ofthe key risks WSS faces in its current meter-reading system? (8 marks)2. Identify two key risk management principles WSS should follow when considering thesmart meter upgrade. (4 marks)3. Name and explain two risk assessment tools that WSS could use to evaluate the risks of itscurrent meter-reading system and the proposed smart meter system. (6 marks)4. Suggest two specific mitigation strategies WSS could employ to reduce the risk ofinaccurate meter readings in its current system.  give citation and reference to each answer
Project Overview The Construction of 500 Low-Income Housing Project in the community of Perth, Manchester, Jamaica, is a national scheme implemented by the National Housing Trust (NHT). NHT is a statutory body established by the Government of Jamaica in 1976. This project seeks to improve the quality of life for low-income families by providing low-cost and climate resilient homes in 24 months. It will also ensure that individuals and families who currently earn up to minimum wage, approximately JMD 60,000 per month (USD 381), can improve their living conditions and afford their own property. This will include approximately 141 two-bedroom houses and 359 service lots at a cost of $19.2M to $19.95M and $6.3M to $7.1M (JMD), respectively. Project Stakeholders National Housing Trust (NHT) Government of Jamaica  Contractors (Suppliers, Tradesmen, Labourers, Project Team) Consultants (Engineers, Architects, Quantity Surveyors, Project Team) Manchester Municipal corporations/Parish Councils…
What is the board’s role in corporate governance — and how does that differ from management’s role? Please include references.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning