Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 5CC
Summary Introduction
To determine: The difference between manufacturing business, a service business and marketing intermediary.
Introduction: Manufacturing businesses is a process involves in processing different materials into substantial products. Service businesses manufacture business services or administrations. Marketing intermediaries purchase items from producers and after that exchange them.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
How To Market A New Business efficiently? Explain in detail
How does the ''Political and Social Environment'' affect the marketing and operation functions of a business firm? Explain with examples.
Select an industry and consider how the life cycle of the industry has affected the company's business strategy in that industry over time. In your answer, address each phase: introduction, growth, shakeout, maturity, and decline.
Chapter 1 Solutions
Foundations of Business - Standalone book (MindTap Course List)
Ch. 1 - Prob. 1CCCh. 1 - Prob. 2CCCh. 1 - Prob. 3CCCh. 1 - Prob. 4CCCh. 1 - Prob. 5CCCh. 1 - Prob. 6CCCh. 1 - Prob. 7CCCh. 1 - Prob. 8CCCh. 1 - Prob. 9CCCh. 1 - Prob. 10CC
Ch. 1 - Prob. 11CCCh. 1 - Prob. 12CCCh. 1 - Prob. 13CCCh. 1 - Prob. 14CCCh. 1 - Prob. 15CCCh. 1 - Prob. 16CCCh. 1 - Prob. 17CCCh. 1 - Prob. 18CCCh. 1 - Prob. 19CCCh. 1 - Prob. 20CCCh. 1 - Prob. 21CCCh. 1 - Prob. 22CCCh. 1 - Prob. 23CCCh. 1 - Prob. 24CCCh. 1 - Prob. 25CCCh. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Prob. 5DQCh. 1 - Prob. 6DQCh. 1 - Prob. 7DQ
Knowledge Booster
Similar questions
- How can wholesalers foster innovation in their operations and services?arrow_forwardGive your own description of the following terms: 1. Market 2. Types of market 3. Business 4. Types of business 5. Accountingarrow_forwardIn terms of strategic planning, why is it important for a retailer to be focused on the objective of increasing market share related to its direct competition?arrow_forward
- Explain the following below 4. Technology transfer approach. 5. Commodity approach. 6. Advisory approach.arrow_forwardWrite an assignment about Introduction and background of the Nestle company or Unilever company. Don't cut and paste please.arrow_forwardDescribe your industry, including its current size and historic growth rate as well as other trends and characteristics(e.g., life cycle stage, projected growth rate). (nails industry)arrow_forward
- Differentiate the business model of a home-base to a web-base type of business.arrow_forwardI have to come up with my own company I have a company called Paws and Delights Cafe which is an animal pet-friendly cafe. I have to write and include the following in my business plan The following parts of the business plan are due: Parts 4, 5, 6. 15 points-5 points for each of the three parts. Part 4 Definition of the market What to Include: Industry Description and Outlook – Describe your industry, including its current size and historic growth rate as well as other trends and characteristics (e.g., life cycle stage, projected growth rate). Next, list the major customer groups within your industry. You can research industry information by going to the library's database: Business Insights Essentials and selecting industry from the top of the page and then search for the industry your business is in, such as retail, restaurant etc. Information About Your Target Market – Identify your target market and provide a profile of your targeted clients. Narrow your target market to a…arrow_forwardChoose 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.arrow_forward
- What are the main differences between traditional and entrepreneurial marketing?arrow_forwardArrange the six elements of PESTEL based on their level of importance to an entrepreneur. And explain why these elements were arranged in that manner?arrow_forwardChoose an e business that you might like to do in the future and make a SWOR analysis to help you decide if your business is feasible.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,
MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSON
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning