Which of the following would be considered a strategic decision? OA Apple's Computer Products division building a plant in Mexico. OB Apple's Computer Product's division shutting down its operations during a snow storm OC.H&M Apparel store having an end of the season 50% off sale on certain items. OD. A and B only OE. A, B and C
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- Please answer all questions by explaining both right and wrong answers 1. In the BCG Growth Matrix an SBU which has weakened competition and requires no serious cash investments is called A. Dog B. Question Mark C. Cash cow D. Star 2. The most formal definition of marketing is A. Meeting needs profitably B. Identifying and meeting human and social needs C. The 4Ps (Product, Price, Place, Promotion) D. An organizational function and a set of processes for creating, communicating, and delivering, value to customers, and for managing customer relationships in ways that benefit the organization and its stakeholders. 3. An advertisement that is paid by several organizations is called A. Combined advertising B Cooperative advertising C. Integrated advertising D. Marked down advertising 4. The buying process starts when the buyer recognizes a A. Product B. An advertisement for the product C. A salesperson from a previous visit D. A problem or needWhich of the following is not a misconception quoted by Goldy Hyder, Business Council of Canada.O a. Less capitalO b. Losing Canadian proprietary informationO C. Less jobsO d. Loss of a footprint for Canadapost a response to the questions below (600 words each). • Identify a major professional league in the United States of America andexamine the factors that make the league profitable and how it showcasesthat it falls within a professional sporting category. Compare this to anamateur sporting league (providing evidence of this).ORSome people say that West Indies Cricket does not fall within the professionalsporting category while others say players are paid and experience celebrity typetreatment. Argue for or against this comment.• Research and create an infographic to illustrate the key differences between amateurs, recreational participants and professionals in sports.
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- Understanding the common vocabulary used in strategic management is important to theapplication of its concepts.Required:a. There are four general steps in conducting an external environmental analysis startingwith scanning of the environment. Briefly, explain all four steps. b. Choose any organisation of your choice and employ the “SWOT Matrix” to demonstratethe current strategic position of the organization and clearly indicate the strategy optionsavailable to help match that organization’s internal environmental elements against itsexternal environmental elements. c. Compare on contrast the following: i. Vertical integration versus horizontal integrationii. Divestiture versus Diversificationiii. Market development versus Product Development3) If the Company have no marketing strategy, explain the following consequence that might affect to their goals, mission and objectives. a) Losing out to competitors b) Losing market share to existing and start-up competitors c) Gaining and retaining fewer customers d) Missing out on opportunities for better targeting e) Lack of planning and discourage to execute good ideas. f) Easily collapse g) No direction in attaining the company’s goals and objectives h) Lack of managementAn entrepreneur has the following characteristics EXCEPT: Select one: a. Accepts risks or failure b. Initiative-taker c. Organized d. Apathy General Foods' introduction of a compact cereal box in response to the problem that the available boxes did not fit well on the shelf was not successful, as the problem of package size had little effect on actual purchasing behavior. To ensure the best results, this method should be used primarily to identify product ideas for further evaluation. Select one: a. Customer Survey b. Focus Groups c. Problem Inventory Analysis d. Brainstorming Although there is some variation in the distribution of adopters of new technology products and services, the single most common pattern is a Select one: a. Poisson Distribution b. Binomial Distribution c. Beta Distribution d. Normal Distribution In order to cross the gap and reach the take-off stage, the most important aspect is that you must: Select…
- Your team is about to introduce and lunch a product never seen before in Barbados, an Ultrasonic Pest Repellent, that repels pests (small insects) while causing no harm to your pets, yourself, or any animals in range. The target market is Prisons, Restaurants, and Government Buildings. 1) In your own word using the below format, state the market objectives your team wishes to attain with the lunch of this new product. Ensure your objective are written clearly and S.M.A.R.T. Fill the below accordingly Specific -___________________________________________________________________ Measurable - ________________________________________________________________ Achievable - _________________________________________________________________ Realistic - ___________________________________________________________________ Time-bound- _________________________________________________________________ ii) Identify any concerns that may affect the completion of the objective.I would like you to find a current article (no more than 6 months old) that describes a strategic issue being faced by a specific business organization. Briefly summarize the article and then analyze using a strategic concept from the first four chapters of the text. For example, you might find an article about how Nike is responding to a new Adidas marketing program. (Ch 3 external analysis - competitors). each article analysis should be no longer than two pages with the summary 1/2 and the analysis 1/2 of the paper. Use APA as your style guide and remember, this is a UWR course for the university.1. Ibrahim argues, that the skills needed to run a small company are not different from those required to run a larger firm. Do you agree with Ibrahim? If not, then justify your answer. 2. Crowdsourcing is a way of solving problems and producing things by connecting online with people that you otherwise would not know. How would organisations utilise this concept? 3. A business model is a description of how a company intends to create value in the marketplace. Elaborate/explain this statement. 4. What are the barriers to communicate an opportunity? How would you then overcome this?