Technological segment - Study guides, Class notes & Summaries

WPC 480 midterm Exam Questions And Answers 100% Solved 2024/2025 All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - answerd Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase customers' switching cost...

BUSA 4980 Exam 1 with Complete Solutions the general environment ANSWER composed of dimensions in broader society that influence an industry and the firms within it seven environmental segments ANSWER demographic economic political/legal sociocultural technological global sustainable physical demographic segment ANSWER population size age structure geographic distribution ethnic mix income distribution economic segment ANSWER inflation rates interest rates trade deficits ...

SEVI 3013 Strategic Management Questions and Answers Already Passed who you define as your competition also depends on your industry boundary What is an Industry? - Set of firms that produce similar products. - Industry boundaries can change rapidly, typically not always as result, off innovation. - industries not always well defined When you are examining your industry, be conscious of this. - Be willing to change your perception of industry and have multiple perceptions of your industry. te...

MGT 8803 – Marketing Latest Update 100% Pass Marketing Strategy Finding opportunities and developing profitable strategies to capitalize on those opportunities: Specifies a target market and related marketing mix. 5 Cs of Marketing Customer: buyers with needs the company aims to fulfill Company: goods or services provider fulfilling customer need Competitors: Orgs aiming to fulfill the same need as company Collaborators: external entities that work with company to create value Context: Envir...

The Four P's of Marketing - Answer-1. Product 2. Pricing 3. Place 4. Promotion The Fifth P of Marketing - Answer-Purchaser Industrial Products - Answer-Sold to a business Consumer Products - Answer-Sold to consumer Product Life Cycle - Answer-Product Development Introduction Growth Maturity Decline Market Segments - Answer-Groups of people who share one or more of the following characteristics: Geographic Demographic Psychographic Behavioral Four Pricing Strategies - Answer-1. ...

BPL 5100 Study Test Questions with Answers Perceptual acuity - Answer-the ability to sense what is coming before the fog clears environment awareness - Answer-scanning, monitoring, and gathering competitive intelligence, and using these inputs to develop forecasts. competitive intelligence - Answer-a firm's activities of collecting and interpreting data on competitors, defining and understanding the industry, and identifying competitors' strengths and weaknesses. Environmental foreca...

BUSI 490 Key Points (Chapter 2)Understand the importance of developing forecasts of the business environment - correct answer Managers must analyze the external environment to minimize threats and exploit opportunities. Effective managers proactively anticipate and detect early warning signs, which may represent key threats or opportunities to their business model Explain why environmental scanning, environmental monitoring, and collecting competitive intelligence are critical inputs to forec...

Define competitive strategy - Answer-Specific efforts to position yourself in the marketplace, please customers, ward off competitive threats, and achieve a competitive advantage. What is the purpose of competitive strategy? - Answer-To build customer loyalty and outcompete rivals. Identify the 5 generic competitive strategies - Answer--Low-cost provider -Broad differentiation -Focused low-cost provider -Focused differentiation strategy -Best-cost provider Low-cost provider strategy - An...

AIPMM CPM Certification Questions and Answers Rated A+ Product lifecycle stages 1. Introduction 2. Growth 3. Maturity 4. Decline Product manager Product Managers investigate, select, and drive the development of products for an organization, performing the activities or product mgmt. Product Marketing Manager Act as the voice of customer to the rest of the product team and company. Business Model Framework that describes the rationale of how an org. creates, delivers, and captures value Reas...

"Why do some companies outperform other companies?" correct answers What is the key question examined by strategic management? 1. plan 2. ploy 3. pattern 4. position 5. perspective correct answers What are the 5 P's of strategy? Plan correct answers carefully crafted set of steps that a company intends to follow in order to be successful Ploy correct answers specific move designed to outwit or trick competitors Pattern correct answers The geometric or regular arrangement of somethin...