Question No: 01 Q.1a. Suppose you are the owner of a retail clothing store. Discuss the various basis of differentiation and explain which is best suited for your retail clothing store. Q.1b. Organizational feasibility focuses on financial resources of the organization. Do you agree with the statement? Why or why not?
Q: Describe how the characteristics of services influence the development of marketing mixes…
A: Marketing helps the company to build customers and the brand value. It is a vast topic including…
Q: 18. In class, I suggested that there are three levels of ethics through which we need to consider…
A: answer Managing a company ethically by placing a high priority on employees, merchandisers,…
Q: Describe Architecture of CRM system
A: CRM stands for customer relationship management. It is a process and technology in which, firms…
Q: As the HR manager of Tata motors, explain how you would address the challenges faced by Tata motors…
A: As an HR manager at Tata Motors, I'm responsible for conducting both external and internal analyses…
Q: Evaluate the following statement: “Appropriate advertising media are always available if a company…
A: Advertising media refers to the various media platforms used for advertising. Advertising media is…
Q: How can a business use blogs to develop relationships with customers?
A: Every company will create customers and try to retain them for long. This will increase the customer…
Q: With the advancement of better information technologies, it is possible that control systems aiming…
A: Technology improves an association's effectiveness and boosts its affair. Bringing technology into…
Q: Q3. With the help of the diagrams, explain the possible channels of distribution from a…
A: Disclaimer - As per the Bartleby authoring guidelines, only the 1st question can be answered. Please…
Q: Why it is important to listen to the Stakeholders?
A: Customers, workers, community members, politicians, the media, creditors, suppliers, investors,…
Q: Why is Internal Environmental Analysis critical?
A: External and internal variables combine to make up the organizational environment. To determine the…
Q: What are electronic communities?
A: Electronic communities are social aggregations of critical masses of individuals on the Internet who…
Q: Explain how culture or subculture was used in analysis the selected target markets for both nandos…
A: Marketing is a business function that the firm takes up to create customers. For this, marketing…
Q: What are the elements of Graeter’s marketing mix? Which are most likely to be affected by external…
A: Marketing is most important activity along with production in any company. There are very as areas…
Q: What are the most important of these obstacles? What precisely are the risks involved, as well as…
A: The transmission of various hardware and software program offerings through the net via far-off…
Q: What is social media marketing?
A: Social media marketing (SMM) uses social media—the platforms on which users create social networks…
Q: Appraise each of the different forms of product differentiation
A: Product differentiation is a marketing approach used to set its products or services apart from its…
Q: Discuss the development of a marketing strategy for auniversity.
A: Marketing helps the company to create customers and brand value. It is the primary activity for the…
Q: State the popular objectives for social media companies.
A: Social media is an essential tool for reaching end customers with cost-effectiveness. It is because…
Q: Describe advertising and its different types.
A: Firms produce goods and services. Firms producing goods and services have to incur various costs.…
Q: What is meant by search engine optimization?
A: Digital marketing or internet marketing is primarily done on the Keyword search parameter. When a…
Q: What is the difference between the advertising e-businessmodel and the brokerage e-business model?
A: An e-business model is generally a traditional business’s strategy to transform into a lucrative…
Q: What does a business model represent?
A: Planning is the step by step actions jotted down for achieving any goal. Planning is one of the most…
Q: Discuss the major factors that help to determine a retailstore’s image. How does atmosphere add…
A: Store atmosphere can be explained as the environment of a store in which a buyer makes purchase…
Q: List and elaborate on the numerous ways in which the customer relationship management software save…
A: Suppose a person has a progressive business set-up that prioritizes the long term relationship with…
Q: State the steps to build a social media plan.
A: Businesses use a number of sources to market their products. Social media is used to reach out to…
Q: What are the three major degrees of brand loyalty?
A: Brand is said to an identification mark which business develop as its unique name. It means any…
Q: Define the term mobile marketing.
A: Marketing refers to process in which, firms initiate certain actions or various type of business…
Q: need the answer quickly
A: A team is where people from different backgrounds will come together to Achieve a common objective.…
Q: How does branding benefit consumers and marketers?
A: An organization's image is viewed as one of its most essential and imperative resources. Indeed,…
Q: Identify three kinds of full-service wholesalers. What factors are used to classify wholesalers into…
A: The term "wholesaler" can be referred to as a merchant intermediary who sells goods in huge…
Q: Business marketing plan
A: Marketing is an essential part of the organisation as it is the only unit that can help in…
Q: Suppose you are brand manager or marketing team leader of a pharmaceutical industry. Now in the…
A: Marketing is done to build customers and retain them for long. Marketing helps the company to bring…
Q: What types of problems does a weak product cause in aproduct mix? Describe the most effective…
A: When a product becomes unprofitable, keeping it in the product mix can cause problems. A poor…
Q: What is co-branding?
A: Many businesses use co-branding to increase their customer bases, profitability, market share,…
Q: What is a line extension, and how does it differ from aproduct modification?
A: A product line extension may facilitate corporations in continued to expand as well as the intended…
Q: ide definition and example to this consumer sales promotion, 1. PRIZES
A: A marketing method for influencing customers to buy a product is consumer sales promotion.The…
Q: and discuss 8 stages in a new product life cycle/ development
A: Every company will create new products to bring profits. These profits are created only in the…
Q: Define what is meant by ‘attitudes’ in a marketing sense and explain what the individual components…
A: An attitude is an acquired proclivity to behave regularly in a positive or negative manner toward a…
Q: Explain to Salman what the strengths and weaknesses of a family business are. (Mention 3 strengths…
A: When you start or join a family business, as a family member you may benefit from a variety of…
Q: How may regions and zones help improve application resilience, availability, and performance?
A: In this answer, we will be discussing a few significant ways in which regions and availability zones…
Q: For a business, why are crisis and reputation management, listening to stakeholders, and targeting…
A: Crisis and reputation management is the two-step process by which a company tackles big events that…
Q: Describe the possible objectives of promotion anddiscuss the circumstances under which each…
A: The initial step of a marketing campaign is to create a brand identity with visuals and slogans,…
Q: Explain the nature and functions of wholesalers
A: Wholesalers play a very important role in setting up a marketing channel. In many cases they perform…
Q: Critique the seven different ways consumers use digital media.
A: Any data transmission which uses one or more encoded machine-readable data formats is referred to as…
Q: purposes of raising revenues but also to distribute equally the wealth of the nation and protect…
A: In every capitalistic structure there will be private companies who will be free to choose their…
Q: Assume a type of industry of your choice which involves the activities of supply chain. Detail the…
A: Management of the movement of products and services through a business's supply chain is called…
Q: Do you agree that the goal of marketing can be simplified down to just three words get build and…
A: Marketing mix give the foundation framework for developing strategies for business and value for…
Q: Suppose you are brand manager or marketing team leader of a pharmaceutical industry. Now in the…
A: Promotion of a Product or Product's Promotion: It is any significant method to run sales and raise…
Q: Describe strategic issues in marketing channels, including leadership, cooperation, and conflict.
A: A marketing channel is the set of people and organizations that work together to transfer goods and…
Q: What is the advantage of crowd voting?
A: Crowdsourcing can be referred to as spreading consumer awareness through informal chains through…
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- Practice Question 1 BackgroundKC Mechanic Shop was established by Mr. John, a seasoned mechanic who has over 20 years ofexperience in the automotive repair industry. Sales figures for the last ten months are as follows:-Months Actual Sales1 30,0002 39,0003 42,0004 50,0005 55,0006 61,0007 70,0008 77,0009 81,50010 90,000Spare Parts Use a three-period and a four-period weighted moving average to forecast salesfor the 12th month. (Use weights of 1,2,3 and 1,2,3 4). From the data provided in the case, use MAD to determine which forecastingtechnique is more accurate. If forecast for month 7 is $72,000, with an alpha of 0.4, use exponentialsmoothing to forecast sales for months 8 and 9.QUESTION 1.3 If any research endeavor. Errors in data collecting can have an impact on the results of a study, ultimately leading to erroneous results. The methods used to collect data for impact evaluation differ on a scale. Quantitative data gathering methods are at one end of the scale, while qualitative data collection methods are at the other. Choosing a particular data collection strategy will be determined by the accuracy of the information produced as well as practical issues such as the availability of staff, time, equipment, and other resources. Analyse the different data collection techniques, evaluate their respective purposes and assess their strengths andlimitations in order to create a critical understanding.Question 5: Quality Control and Inspection a) Describe the importance of quality control and inspection in ensuring product/service quality. b) Discuss the different types of quality control techniques, such as statistical process control and acceptance sampling, and explain how they can be used in an organization to monitor and control quality. Bonus Question Explain how the u Explain how the use of technology, such as automation, artificial intelligence, and data analytics, can impact operations management and total quality management in organizations. Provide examples of how organizations can leverage these technologies to improve their operations and quality management practices.
- Question 1 (Marks: 25) The IT industry is constantly evolving which causes roles within the industry to change. Choose any two of the professions or roles from your course material and conduct additional research to answer the following questions Q.1.1 Write a paragraph of no more than 400 words where you provide an explanation (20) of your chosen roles AND how this role is likely to change in the future.QUESTION 5 The resource-based view (RBV) is a managerial framework used to determine the strategic resources a firm can exploit to achieve sustainable competitive advantage. Evaluate on how RBV leads to achieving a sustainable competitive advantage (SCA) and recommend ways to address any shortcomings of the RBV model in achieving SCA.Question 38 Pasensya Ka Na Ha God Bless Co., an investment company, is constructing a complex of four residential rental buildings that will have more than 100 units. The complex is in a geographic area that has a long rainy season. Which of the following steps would likely be most essential to monitoring and mitigating the risk of rain damage? a. Assuring compliance with local codes during construction b. Establish a reserve for capital expenditures, if needed c. Actively encouraging renters to report possible problems d. Monthly inspection by internal maintenance staff and annual assessment by external engineering firms Question 39 Which of the following is the best approach in assessing an organization's risk management approach? a. Consider multiple components of an organization's industry, culture, and objectives to determine the most effective risk management approach b. Find out what is the most common framework being used by competitors in the industry c.…
- Question 04 a) “The practice of investment refers to the buying of a financial product or any valued item withan anticipation that positive returns will be received in the future.” Brief the statement in termsof investment management.b) “How different stage of industry life cycle can motivate fundamental analysis of investmentdecision”. JustifyQuestion no 1: If you are a manager of a shoes manufacturing company, which strategy you would use to deal with the competitors.Question 1: The Best Person for the Job After 25 years, Kevin is finally ready to retire and take it easy. Kevin teaches accounting and general business courses at Youngstown Community College. Kevin over the years has taught hundreds of accounting students and helped them obtain internships and find employment in the community. Kevin’s golfing buddy sometimes jokes that every bookkeeper in town has been through Kevin’s accounting classes. Besides, the regular accounting classes and internships, Youngstown maintains an accounting lab where students can get tutoring help if needed. The current lab tutor is David, who was hired two years ago when Dianne retired after nearly 10 years as the accounting tutor. David is a former student of Kevin and holds an associate’s degree from Youngstown and a bachelor’s from State. The lab job is part-time, which works out perfectly for David, leaving him plenty of time to pursue his MBA in accounting at State. David wants to teach accounting at…
- Question 5 Total Quality Management (TQM) is perhaps the most significant of the new ideas which have swept across the operations management scene over the years. These are TWO reasons for thus: first the ideas of TQM have great perspective attraction for many people - most of us want to achieve "high quality" and secondly, a TQM approach to improvement can sometimes result in dramatic increases in operational effectiveness. Please use Mecerdes Benz or Coke Cola and critically analyze how quality is measured in the organizationQUESTION ONE(a) Mr. Sak is interested in developing and marketing a new drug. The cost of extensiveresearch to develop the drug would be 100,000. The manager of research programme saidthat there is 60% chance that the drug will be developed successfully. The market potentialis assessed as follows with present value of profit:Market conditions Probability Present value of profits.Large market potential 0.1 500,000Moderate market potential 0.6 220,000Low market potential 0.3 80,000The present value figures do not include the cost of research. While Mr. Sakala wasconsidering this proposal, another similar proposal came up which also required theinvestment of 100,000. The present value of profit for the second proposal was 120,000.The return on the investment in the second proposal is almost certain.i. Draw a decision tree for Mr. Sak indicating all choices and eventsii. What decision Mr. Sak should take regarding the investment of 100,000?iii. If Mr. Sak is a risk averter, should he…Question 1: TerraCycle management has asked you to highlight how “The Internet of Things” can be utilised for potential improvements within the business. They would like specific examples of how it might bring operational benefits. Within your briefing paper, you should: A)Explain “the Internet of Things” briefly. What does it describe and how is it different from other sensors and data? B). Identify three different sensor applications that TerraCycle could use in its operations and the data that may be collected from them. C) Make recommendations for how that data might be used to improve operations at TerraCycle Recycling Centres. Support your recommendations with two specific applications of this data to TerraCycle’s operations and discuss how this will help them Achieve their operational performance objectives.