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- What is a firms micro environment, and why is it important?What do you think are the key success factors in :a) Fashion and clothing industry andb) Supermarkets Identify the success factors under two dimensions- What do customers want? and How do firms survive competition?How did Dunkin' Donuts position bakery sandwiches product in the market?
- What are the benefits of concentratedmarketing?1. How has the internet influenced the five forces with an industry?2. What are the two ways that can achieve cost and price advantages according to the paper? Which is better?3. Does the internet overturn the traditional way for doing business? What are some reasons given?Is Michael Porter still important in today’s fast and connected markets?
- How important is it to know our market first before establishing our business?How can retailers take advantage of emerging trends in CRM to gain a competitive advantage over the next two years?3. Virtual Reality and Augmented Reality is known as one of the top trending technologies in recent years. How do you interpret its applicability in the people life and also in different businesses around the world? Explain in detail.