Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 6.5, Problem 6.5AQ
Summary Introduction
To determine: The way in which internet and other technological advancements helps a company to serve its global customers.
Introduction:
The customers to whom goods and services are provided residing in different parts of the world by a company is known as global customers.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What are the advantages and disadvantages of Rebecca Minkoff operating its own stores and e-commerce business as well as selling products wholesale to hundreds of other retailers?
The picture is an illustration of targeting potential market and a potential market need. To identify your new potential markets, you consider every
target demographic that you currently sell, as well as those which are not yet targeted. Consider yourself as an entrepreneur and ask the following
questions.
1. What other products do my customers need now?
2. What related products will they need in the future?
3. Who else could make use of the products I am selling now?
4. What demographic information do I have with my current customers?
You are an artist-entrepreneur and you would like
to incorporate contemporary art in your business .
Think of innova-
tive ways to incorporate contemporary art in your
business . Write a business plan that describes
how the use of con-
temporary art will help your business. Your
business plan will be read by your business
partners.
Chapter 6 Solutions
Understanding Business
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- respond to the following as to why this is a good choice for a teleheath company The company I chose that provides mental health services through telehealth is www.NAMI.org The company provides support and education to those who are affected by mental illnesses and have 600 local affiliates and 49 state organizations. The organization lists 5 values in which assist in the possibility of recovery in which applies to the service of their mission to provide equality and hope to those struggling. There is no fee as the organization accepts donations and has volunteers. NAMI also offers DIY fundraisers and gifts of stock. I believe a benefit to this telehealth service benefits to those that are struggling with a mental illness as they provide help to kids, teens, young adults, and veterans whereas some organizations only focus on one age group. Some potential drawbacks I feel would consist of the patient not being consistent with calling in or not engaging fully as there is no in person…arrow_forward1 write five (5) main issues (problems, challenges, solutions) facing entrepreneurs in your personal context?arrow_forwardAdd more to this paragraph Amazon Business's economic impact on businesses is notable. Through Amazon Business, small and medium-sized businesses have access to a vast customer base, which can help them expand their market reach. Economically, Amazon has played a significant role in shaping the e-commerce industry and has contributed to economic growth.Additionally, Amazon offers competitive prices and excellent customer service, which can help businesses save costs and improve their efficiency. However, Amazon's dominance in the e-commerce sector has led to the displacement of traditional retailers, affecting their economic viability. This has led to concerns about the concentration of market power and the potential negative impact on small businesses, which could negatively affect the economic pillar of sustainability. Additionally there are also concerns about Amazon's market monopolisation and the impact this may have on smaller businesses. Therefore, responsible management…arrow_forward
- How would managers view the structure of the markets in which they sell their products or services for a company like Publix?arrow_forwardCan you provide an example of how the internet has helped to improve a certain aspect of business? Have an example handy, and how would you rate its commercial viability?arrow_forwardSubject; Entreprenurship Need unique and different business idea model as your own or as it is but you should be able to explain and proof the viability of the business idea in Pakistan.arrow_forward
- why do you want to work in this industry?arrow_forwardHow have Uber’s successes and challenges measured against its competitors (like DoorDash, Lyft and other taxi companies) and other companies within the software industry?arrow_forwardHow do we use technology in business? How does technology potentially help people in business? How does technology potentially hinder people in business? Debate: Technology creates an advantage/disadvantage for business.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you