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When doing a Market penetration strategy, it is costly for small medium enterprise? Explain.
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- Why is diversification considered riskier than market penetration, product development, and market developmentstrategies?defensive diversification explanationAnalyze the industry Nike competes in using Porter's 5-Forces framework. Clearly define the industry that Nike operates in. Identify whether the force is high, moderate, or low for each force. Explain your rationale for each force. Using the conclusions of each force, suggest whether the industry is attractive (i.e., profitable) or not. Explain your rationale.
- Identify the business strategies used by both Walmart and Apple and briefly explain your answers.Using the Porter model, explain how Virgin America’s generic business-level strategy impacted its industry position.Kourdi (2009:3) has defined business strategy as a “plan, choice or decision used to guide a company to greater profitability and success.” Required Explain how the following strategies facilitate the achievement of success or profitability: Outsourcing Diversification Market Focus Market development
- Who is market challengers?Please explain (in 50-100 words), each type of diversification associated with Unrelated Diversification and provide an example. In addition, Please discuss (in 50-100 words) when would a company benefit from Unrelated DiversificationChoose an industry and a firm within that industry (which can be real or imaginary, but should not be one of the examples from the industry life cycle stages discussion in the PPTs). Using our explanation of what happens in each of the industry life cycle stages, describe one specific thing the firm would need to do to avoid going out of business during the “shakeout” stage and one thing the firm should do after that stage but not before it.
- 1.Describe how a company’s mission statement and objectives affect the way management plans its business portfolio. 2.What does the economic environment consist of as far as marketers are concerned, and why is it so important for them? 3.Who are the Gen Zers, and why will they become interesting to marketers in the future?what are some reasons why social ventures need different sustainability models compared to purely commercial ventures?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?