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- A strategy is A. the purpose for which an organization is established. B. a functional area of the firm. C. an action plan to achieve a mission. D. established prior to establishing a mission.Requirement You are the Strategic Manager- Mark Operation (Marketing) investigation Trading Platforms 1. Request information from THREE other departments (See table above) that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (Unit 3 types of output) The type of outputs are: Projection, Query respnses Special Reports decision analyses Summary and Exceptions report Detailed report, List Example of answer layout a)Department- Research Science & Analytics (R&D) Type of output: Special Reports (Decision Analysis): As the Manager of Market Operations in the Marketing department, I would request a special report from the Research Science & Analytics department to provide a comprehensive analysis of the current cryptocurrency market trends. This report should be geared towards decision analysis, helping us make informed choices about our marketing strategies and user engagement initiatives.…21. The aspects of the product offering that are ____________ to the offerings of like competitors. Select one:a. Largely similarb. Largely distinct c. Relatively distinct d. Relatively similar
- 20) Simple product line extensions that do not require changes in the administrative systems are considered diversification a) True b) FalseWhich of the following best defines Strategy? A)Values B)Product mix C)Guiding Principle that estabishes the direction of the firm D)Customer Value PropositionWhich of following is correct? (a)The value chain explains why an entity has a competitive advantage; (b) The value chain examines how an organisation has a competitive advantage; (c)It provides answers on how an organisation elects to compete; (d) It helps an entity to determine the steps to be taken beat its rivals on price
- 33- Which one of the following is an important consideration when determining the sales organization structure? a. The trend towards creating additional levels with an organization b. Level of distribution system c. The size of the company is less important due to automation d. The use of the internet to minimize geographic market coverage requirements20-An information system is designed specifically to implement an organizational strategy meant to provide a competitive advantage through which one or more of the following? a. Deliver a product or service that is differentiated b. All of the given options c. Deliver a product or a service at a higher cost d. Help an organization focus on a whole marketDiscontinuing a product or segment is a huge decision that must be carefully analyzed. Which of the following would be a valid reason to continue an operation? a. Variable costs are more than revenues. b. Variable costs are less than revenues. c. Allocated fixed costs are more than revenues. d. Losses are minimal.
- 13- Which one of the following options is the most widely used performance standards among business organisations around the world? a. Sales expense ratio b. Sales quotas c. Sales converge effective index d. Average cost/call7) When order requests come in, the designers of Modern Furniture often go to a client's location to note their requirements, budget, and expected date of delivery. In this way, Modern Furniture is successful in tailor-making products for its customers. This is an example of _______. A) market diversification B) undifferentiated marketing C) mass customization D) differentiated marketing E) trigger-based marketing 8) Power Corporation is an automobile manufacturer known for producing efficient, durable, and low-priced cars. Recently, the company launched a new range of luxury cars to broaden its market appeal and to add prestige to its existing line of cars. This is an example of ________. A) social marketing B) product line filling C) product line stretching D) internal marketing E) cannibalization 9) Kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. When sales starts to pick up in the new markets, the company increases its…Data mining is the process of O a. Sharing of data between sales,marketing and service b. The identification of meaningful patterns and rules from large amounts of detailed data O c. Maintaining a database of only customer complaints d. Ensuring that third party data is integrated in the warehouse