If management of a firm want to enhance or buy new technology in the future, are there any factors that need to be taken into consideration first?
Q: Explain the five (5) stages of the consumer buying decision process. Provide an example for each…
A: The process that a customer goes through for purchasing a product or service to solve a specific…
Q: What are strengths of perceiver character
A: Perceiving personality types, or Ps, are unconcerned about their physical appearance. They overcome…
Q: lating implementing business processes with the help of information technology. Explain how an IT…
A: The advancement of information technology has enabled the digitization of information, as rising…
Q: When benefits do we get when Cost-Oriented Tactics are applied?
A: Pricing methods are the techniques used to determine the final price of goods and services by taking…
Q: prepare a case study on future technology (support systems for running the business and management;…
A: New technologies imply fundamental changes in the way distribution operates, so the eCommerce…
Q: Identify the major components of strategic planning,and explain how they are interrelated.
A: Strategic planning is the process through which an organization's executives outline their vision…
Q: Bicycles: More than Pedal Power Please read the attached case picture and also please answer the…
A: Due to advancement in technology, modern bicycles are not only pedal power but a comfort and need of…
Q: The threat of substitutes may be high if: Select one alternative: a. the substitute product does…
A: Businesses operate in a very dynamic environment. Many internal and extremely factors come into play…
Q: What evidence exists that being socially responsibleand ethical is worthwhile?
A: Businesses are discovering that being socially responsible benefits both the bottom line and staff…
Q: Explain Television home shopping.
A: Home shopping in India has long been plagued by counterfeit goods. The entry of Star CJ into the…
Q: Why must firms introduce new products?
A: The development process of product is strategy in which firms make improvements in products quality,…
Q: Explain how competitive factors affect an organization’s ability to compete.
A: Marketing environment: It incorporates elements or forces, which can be internal and external to the…
Q: Under what conditions does product modification work best?
A: The reasons why a company may decide to change or modify existing products are: • To change in…
Q: Directly related to the production of a firm's products and distribution or services
A: answer primary activities Primary operations include the creation, sale, maintenance, and support…
Q: John is the Head of IT Systems and Applications at AAA corporation. His job has been redesigned to…
A: * In Case of John who is an IT systems head at a organization and his job experiences continuous…
Q: State the types of Shopping Centers.
A: Every manufacturer will create goods like products for customers. But the customer cannot go to…
Q: Why retailers are the final link between producers and consumers?
A: Every company will create value in terms of products and services for consumers. Companies will be…
Q: Name the categories of wholesalers.
A: A wholesaler is one of the significant elements of the product supply chain. A wholesaler is a…
Q: Business and individuals are choosing online or electronic communications rather than face-to-face…
A: Electronic Communication or E-communication is a technique of communication in which a person or a…
Q: What are the benefits of FOB origin pricing?
A: Pricing methods are the techniques used to determine the final price of goods and services by…
Q: Define Profit Maximization?
A: Profit maximization has an indirect impact on economic and social well-being. When a business makes…
Q: When considering the strategic planning process,what factors influence the development of a…
A: A marketing aim identifies the goals that will be achieved through marketing operations. Product…
Q: Why lifestyle shopping center model is popular?
A: Lifestyle shopping center model refers to shopping center catering to multiple consumer needs under…
Q: Let's choose a product, then analyze PRODUCT COMPENENTS (everything customers think about before…
A: Let us consider the case of a smartphone, which a customer is willing to purchase. The different…
Q: ✓ Choose two companies from the following companies: Netflix, Amazon Prime, Hulu, PPTV, iQiyi, YouKu…
A: Mixed marketing, also known as marketing mix, includes the set of actions that a company uses for…
Q: WHAT INDUSTRIES/ MARKET USES COMPETITIVE PRICING STRATEGY? WHAT ARE THE PROS AND CONS OF…
A: To set the effective and efficient pricing startegies is very important as the revenue, profits, and…
Q: What is Status Quo Pricing?
A: Status quo pricing is used when one chooses to provide something at the same price as everyone else.…
Q: Invest some time in exploring Alibaba.com and looking at some examples of the products that are…
A: If we carefully observe both the platforms, which are a marketplace for different clients and…
Q: Why do products have to be deleted from a product mix?
A: No manager wants to be associated with a product failure, so he or she may either abandon the…
Q: Explain space as a variable of intercultural communication.
A: Intercultural correspondence is a discipline that concentrates on correspondence across various…
Q: What is marginal revenue (MR)?
A: Marginal revenue (MR) is the expansion/additional in income that comes from the offer of one extra…
Q: Describe the concept of intellectual ownership in relation to primary and secondary research
A: Both data custody and data responsibility are included in data ownership. Power and control come…
Q: Define marketing research and its importance to decision makers.
A: Every company will need to take many decisions in various department to work smoothly. Data is very…
Q: 1. Why do role models have an impact on a person's decision to become an entrepreneur? Do you think…
A: Role models are increasingly recognized in the media as a significant component in explaining why…
Q: Using information on the smartphones’ industry evolution
A: Smartphones are now a vital resource in most people's daily life, whereas mobile phones were…
Q: Explain what a communication channel is and list the many kinds of communication channels that…
A: In the current business world, marketing and promotion is of great importance. With proper marketing…
Q: Why shipping by railroad is considered the most important modes of transportation in the United…
A: A common carrier can be denoted as the carrier that usually transports goods or products from one…
Q: 5. How are we going to evaluate the competitive position of a development and how this will affect…
A: *Introduction and explanation - Before diving deep and understanding the impact of the competitive…
Q: What are some key concepts that food market organisations should consider when using CRM systems in…
A: The concepts, procedures, and guidelines that a corporation follows when communicating with its…
Q: What is Penetration Pricing?
A: Pricing is a Marketing concept. Marketing has a company to build customers and retain them for long.…
Q: pend a little bit of time perusing Alibaba.com and looking at some samples of the things that are…
A: Transportation is one of the most important pillar of any commercial activity. A brick and mortor…
Q: Why is marketing important in our society?
A: Marketing as a term basically means, informing or educating about the product or service to the…
Q: How comparison discounting can impact customers’ decisions?
A: The discounts are calculated by the sellers by multiplying the discount percentage with the initial…
Q: What is Break-Even Pricing?
A: Marketing is a method of bringing paying customers in the company. It is a vast topic including…
Q: What is Inflation?
A: Inflation means a general rise in price of goods and services on constant bases with decreased…
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: Which of the following is NOT likely to be found in a company with a marketing orientation?…
A: Humans are doing business since many centuries. The style and management of carrying out this…
Q: marketers believe that product performance is the be all and end all. Other marketers maintain that…
A: A brand is unique Identity created by the company in the market. This unique Identity is created…
Q: Create a COVID-19 exit strategy for students
A: An exit strategy refers to a contingency plan used by a business owner, investor, or any individual…
Q: What is The Sacrifice Effect of Price?
A: Price is the monetary value side by the company to create an exchange with customers for gaining the…
If management of a firm want to enhance or buy new technology in the future, are there any factors that need to be taken into consideration first?
Step by step
Solved in 3 steps
- What are the benefits of using internal sources for developing new technologies, products, and/or processes? What are the potential disadvantages?It is important that you consider both technical implications and business advantages before making a final decision. Make linkages to current technology and be specific. Is it beneficial to the task if you have worked on or seen similar instances or situations?Case of High Technology Business In recent years, the world has witnessed a dramatic increase in the number of high technology businesses. These companies have emerged as some of the most innovative and disruptive players in the global economy. However, the road to success in high technology business development is far from easy. It requires a deep understanding of the complex dynamics of the market, as well as the ability to navigate the ever-changing landscape of technology and innovation. With this in mind, consider the following scenario: You are a consultant hired by a high technology startup looking to expand their business. They have identified a new market segment they want to target, but they are unsure about the best approach to take. As a consultant, your task is to provide them with a comprehensive analysis of the market, identify the key challenges and opportunities, and recommend a strategy that will help them achieve their goals. In light of this scenario, answer the…
- How much progress has been made in technology over the last several decades, and what different sorts of technological infrastructure are there for people to select from?When administrators intend to acquire or enhance their company's technology in the future, are there any considerations that must be taken into account?What should managers consider when purchasing new technologies or upgrading their present systems in their businesses?
- What plan can be used to secure enterprise systems inside and outside of the enterprise?The advantages of having proficiency in using computers and several other types of technology equipment. Are the potential advantages of integrating technology into communities, companies, and education worth the possible costs?When it comes to technology, are there more advantages than drawbacks?
- Why is it so important to create new products and services for business survival in information technology?Give me 1 article link on Pros & Cons of Technology (can be career specific, business, or life). Write a 4 sentence summary of the article (telling what the article was about, key takeaway of the article, something new you learned or something you want to learn more about. 1 article link on How different generations view technology. Write a summary of each article (4-5 sentences telling us what the article is about, key takeaway of the article, something new you learned or something you want to learn more about.What are the four types of technology that make it possible to do business online?