Commoditization - Study guides, Class notes & Summaries

LSUS MKT701 - Mansion Kim - Exam 1 Questions With 100% Correct Answers 2024

MBA 706 Exam 1 Questions and Answers 100% VerifiedMBA 706 Exam 1 Questions and Answers 100% VerifiedMBA 706 Exam 1 Questions and Answers 100% VerifiedMBA 706 Exam 1 Questions and Answers 100% VerifiedMBA 706 Exam 1 Questions and Answers 100% VerifiedCommoditization - ANSWER-the curse of mature markets whereby products lack any real means of differentiation and customers see competing products as offering roughly the same benefits Environmental scanning - ANSWER-involves the analysis of econom...

BUAD 331 Chapter 1Essence of Business - correct answer Generate and manage customer demand by fulfilling or supplying customer demand Porter's Value Chain - correct answer Providing value to customers that will result in profit and market share Supply Chain Management Activities - correct answer Inbound logistics, operations, outbound logistics, marketing & sales, service. (primary activities) Firm infrastructure, human resource management, technology development, procurement (secondary a...

What is the blue ocean strategy correct answers go where the profits and growth are and where the competition isn't Technology and Globation correct answers -info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently correct answers -Iphone in 2007 (1 billion units have been sold) -Ipad in 2008 (4...

COM 400 Midterm 2 Exam Questions With Verified Answers. One difficulty that employees face when organized into a matrix structure is that Question options: 1) they each report to two bosses. 2) there is no clear path for advancement. 3) functional area managers make unreasonable demands. 4) there is no clear way to physically arrange people to facilitate communication. - answer1) they each report to two bosses. The key components of an organization to be considered in the structurin...

Marketing plan - correct answer written document that provides the blueprint or outline of the organization's marketing activities, including the implementation, evaluation, and control of those activities. Comprehensive, flexible, consistent, logical - correct answer Four qualities of a good marketing pan Executive Summary - correct answer a brief overview of the entire marketing plan Internal, external, customer - correct answer The situation analysis contains a summary of these thre...

MKT 701 - LSUS Exam 1 Questions & Answers 2023/2024 What is commoditization? - ANSWER-The result of mature markets where goods and services lack any real means of differentiation. What are challenges and opportunities in today's economy? - ANSWER-•Power shift to customers •Massive increase in product selection •Audience & media fragmentation •Changing value proposition •Shift in demand patterns •Privacy, security, and ethical concerns •Unclear legal jurisdiction S...

ExDM Exam 5, Review Questions and answers, rated A+ What are the 5 components of an experience? - -1. Planning 2. Anticipation 3. Travel 4. Experience 5. Remembering Commoditization - -Pressure to make things cheaper; prices that might be charged to get the best value; products differentiated only by price ie gas, milk, paper towels Customization - -differentiate product based on something other than price to sell at premium; tailored to one person commodity - -taken from the eart...

scoop - Answer-the UT magazine that a particular class creates true - Answer-true or false? magazines are highly demassified populist style - Answer-popular and entertainment style of magazines, often near checkout counters elitist style - Answer-Smithsonian and national geographic type of info mag style economic imperative - Answer-the need to make money to stay in business Economic Imperative - Answer-this is the reason there are more populist styles of magazines convergence - Answer-the...

3 Design Thinking Constraints - 1. Desirability: What makes sense to people and for people 2. Viability: What is likely to become part of a sustainable business model 3. Feasibility: What is functionally possible within the foreseeable future 4 Economic Distinctions - Commodities: taken from the earth, traded Goods: manufactured Services: delivered, other person does the work and provides the good Experiences: staged, want to spend time on 4 Experience Realms - Entertainment, Educational,...