Commoditization - Study guides, Class notes & Summaries
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Module 2 - MBA 703 (Sadhya) ALL SOLUTION LATEST EDITION 2024 GUARANTEED GRADE A+
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5 components of an information system 
1. Hardware 
2. Software 
3. Data 
4. Procedures 
5. People 
Examples of hardware 
desktop computers 
laptop computers 
mobile phones 
tablet computers 
e-readers 
storage devices, such as flash drives 
input devices, such as keyboards, mice, and scanners 
output devices such as printers and speakers 
 
Less traditional, but becoming more computerized: 
automobiles 
refrigerators 
beverage dispensers 
digital device 
Devices that processes electronic si...
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MAR 4480 Exam 1 FSU || with A+ Guaranteed Solutions.
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Commoditization correct answers Consequence of mature industries where slowing innovation, extensive product assortment, excess supply and frugal consumers force margins to the floor 
 
If a product is a commodity... correct answers The product is exactly the same as your competition 
 
Having a commodity is correct answers Not a good thing, because it drives down the prices 
 
Marketing Planning and Strategy correct answers All organizations require effective planning and a sound marketing stra...
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MKT 353 - Chap6-Part1 || Questions and 100% Verified Answers.
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Marketing Program correct answers The strategic combination of the four marketing mix elements 
 
The product receives the most attention because it is most responsible for fulfilling the customers' needs and wants 
 
The Marketing Program correct answers Involves creating an offering that is an array of physical (tangible), service (intangible), and symbolic (perceptual) attributes designed to satisfy customers' needs and wants 
Due to commoditization, the core product typically becomes incap...
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MAR 4480 EXAM 1 || A+ Graded Already.
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What is the definition of utility as it pertains to a product correct answers Features or attributes that set them apart from competition. High form utility would mean high quality products. The total satisfaction or value that you get from a product. 
 
Know what is used to focus on the internal factors and external factors that give the firm certain advantages and disadvantages correct answers 
 
Know the difference in primary and secondary research correct answers Primary data collection is ...
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MAR 4480 Exam 2 FSU || with 100% Accurate Solutions.
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Strategic combination of marketing mix elements correct answers Aimed at maximizing tangible, intangible, and perceptual attributes of a complete offering 
 
You do not want your product to be a correct answers Commodity 
 
To avoid commoditization ... correct answers Most organizations try to enhance the service and symbolic elements of their offerings by changing price, distribution, or how they promote the product or organization 
 
Most critical strategic decision in a marketing plan correct...
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MAN 320F Exam 2 questions with solutions 100% correct
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MAN 320F Exam 2 questions with solutions 
100% correct 
What is the blue ocean strategy go where the profits and growth are and where the 
competition isn't 
Technology and Globation -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 -Iphone in 2007 (1 billion units have been sold) 
-Ipad in ...
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MAN 320F EXAM 2 QUESTIONS AND ANSWERS
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What is the blue ocean strategy - Answer-go where the profits and growth are and where the competition isn't 
 
Technology and Globation - Answer--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 - Answer--Iphone in 2007 (1 billion units have been sold) 
-Ipad in 2008 (450 million units) 
-I...
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MAN 320F Exam 2 (Accurate 100%)
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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...
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LSUS MKT701 - Mansion Kim - Exam 1 Questions With 100% Correct Answers 2024
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LSUS MKT701 - Mansion Kim - Exam 1 Questions With 100% Correct Answers 2024
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BUAD 331 Chapter 1 questions well answers 2024
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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...
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