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BUSI 3250 EXAM 3 2024 MOST RECENT UPDATE EXAM TEST [MOST TESTED QUESTIONS]COMPREHENSIVE QUESTIONS AND VERIFIED ANSWERS FINAL EXAM TEST GET IT 100% CORRECT GRADE A+$0.00
BUSI 3250 EXAM 3 2024 MOST RECENT UPDATE EXAM TEST [MOST TESTED QUESTIONS]COMPREHENSIVE QUESTIONS AND VERIFIED ANSWERS FINAL EXAM TEST GET IT 100% CORRECT GRADE A+
BUSI 3250 EXAM 3 2024 MOST RECENT UPDATE
EXAM TEST [MOST TESTED QUESTIONS]COMPREHENSIVE QUESTIONS AND VERIFIED ANSWERS FINAL EXAM TEST GET IT 100% CORRECT GRADE A+
EXAM TEST [MOST TESTED QUESTIONS]
COMPREHENSIVE QUESTIONS AND VERIFIED
ANSWERS FINAL EXAM TEST GET IT 100% CORRECT
GRADE A+
Predictable Consumer Behavior - (correct answer) Analyzing
data to improve marketing (as an example)
Serendipity - (correct answer) Enjoying surprises through
coincidental discovers on social networks on through surprise
boxes of cosmetics and skin care products, monthly
subscriptions for dog items, makeup, clothes
What is broader than market screening? - (correct answer)
Environmental Screening
Environmental Screening - (correct answer) A procedure in
which the firm scans the world for changes in the
environmental forces that might affect it. Example - world
threats and opportunities
,Amortality - (correct answer) anti-aging trends for
millennials (market dedicated to anti-aging in the millennial
market)
Shareconomy - (correct answer) also called the Shortcut
society (MOOCs, Uber, AirBNB, renting your car to someone
else)
Cloaking - (correct answer) Creation of private pages or
closed groups on social media sites such as Fb, desharing and
unselfies - deleting or use of self-destructing messages and use
of anonymous website
Market Screening - (correct answer) A modified version of
environmental scanning in which the firm identifies desirable
markets by eliminating the less desirable ones
Looks at a market's basic needs and external environmental
forces. Application of environmental scan to markets -
(correct answer) Market Screening
,True or False: is just because imports of a product are low, does
not mean there isn't a market for that product.....the product
may be produced locally at a large scale, therefore reducing the
need for imports of a product. - (correct answer) True
A screening that uses countries as the basis for market
selection. Narrowing down to a country (or more). - (correct
answer) Country Screening
A screening that uses market segments, a within-country
analysis of groups of consumers, as the basis for market
selection (Within a country, for example China. Might only look
at the top 10 cities of China as a potential market.....or a region
within a country) - (correct answer) Segment Screening
Type of screening that is influenced by climate, geography, and
natural resources (Snowmobile demand in Russia versus Costa
Rica) - (correct answer) Initial Screening
Snowmobile demand in Russia versus Costa Rica is what type of
screening? - (correct answer) initial screening (basic needs
potential)
Second Screening is Financial and Economic Forces - (correct
answer) True
In what screening phase would you see trends in inflation,
currency exchange, interest rates, credit availability, paying
habits, rates of return on similar investments - (correct
answer) Second Screening
a statistical technique that divides objects into groups based on
similarity; looking to group based on similar characteristics -
(correct answer) Cluster Analysis
a statistical technique used to estimate future values by
successive observations of a variable at regular time intervals
that suggest patterns - (correct answer) Trend Analysis
Trend Analysis - (correct answer) Using the past
information/data to predict the future
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