Q: techniques we can improve communication in organization?
A: Communication is a vital part of anyone or business. If the goal is to tell the employees about new…
Q: some Social-Cultural examples for PUMA
A: Puma is one of the leading brands in the world associated with sports accessories such as footwear.…
Q: Explain penetration pricing.
A: Pricing means the price which is given to product based on its production cost, competition and…
Q: Why pricing strategies are flexible during the maturity stage?
A: Product Life cycle is said to life cycle which is present in a diagramatic form to get clear…
Q: Explain The Cost Determinant of Price?
A: The price is a section of the marketing mix that is of great concern for both the consumers and…
Q: A fairly recent technology-related tool that many companies use to solicit feedback from customers…
A: The interaction between an organization and its consumers regarding the feedback of an existing or…
Q: Explain odd-number pricing.
A: Pricing consists of the process of setting the value that a firm receives by selling its product or…
Q: How might buyers’ perceptions of price influence pricing decisions?
A: Price is important because it can influence whether or not a customer buys a product. After all,…
Q: What are the challenges of cultural diversity in an organization?
A: Business executives perceive that doctrine education adds completely different views to a team,…
Q: Imagine you are the managing director of a full service restaurant. One day you receive a complaint…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: What is the condition that the diversity program will be successful?
A: Diversity management refers to the effort made by the leaders of the organization to promote talent…
Q: What does FOB destination indicate?
A: A supply chain is a network of businesses and their suppliers to produce and sell to the final…
Q: In the context of levels of products, the ___ product promises the target audience a benefit they…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: Why interview is the most widely used selection technique?
A: The activity of selection allows the understanding of being able to accomplish the considerations…
Q: The Ministry of Tourism has no need for marketing research? Critically discuss this statement.
A: Research is backbone for every successful event or action. Tourism too needs Research for better…
Q: Explain the maturity stage?
A: An item's life cycle is from an item initially being acquainted with buyers until it is eliminated…
Q: Demonstrate how the product life cycle, competition, distribution and promotion strategies, customer…
A: The price a seller charges needs to consider, and be consistent with, the objectives and costs of…
Q: How does the marketing environment affect a firm’s marketing strategy?
A: When developing and presenting a new product, everything your company must consider is the marketing…
Q: List and explain a variety of pricing objectives?
A: Pricing objectives refers to various type of goals that give suitable guidance to a firm, in order…
Q: What is the difference between place utility and form utility?
A: The economic utility can be defined as the total amount of satisfaction gained from consuming a…
Q: What was the purpose of the Americans with Disabilities Act (ADA)?
A: A person must have a physical or mental impairment that significantly limits one or more major life…
Q: What is status quo pricing?
A: Pricing is best described as the step by step practice of determining the right price for the…
Q: Describe cost-oriented pricing strategies
A: Pricing methods are the techniques used to determine the final price of goods and services by taking…
Q: State the major components of human resources management.
A: HR department is secondary activity which supports the primary activities of marketing and…
Q: Managers try to keep search costs low yet examine every potential market or location when screening…
A: Markets- A set-up where there are two or several parties engaged in an exchange of products,…
Q: How does a change in price affect the demand and supply of a product?
A: The law of supply and demand is an economic theory that explains how supply and demand are related…
Q: Explain International Organization for Standardization (ISO).
A: The International Organization of Standardization (ISO) is an international organization that looks…
Q: Explain the process of job redesign.
A: Skills are the knowledge or expertise in a specific field that will be required to execute a given…
Q: What is the reason that a product declines?
A: A decline is a fall or descent, and the decline stage in the product life cycle represents similar…
Q: What is the difference between an exclusive distribution and intensive distribution?
A: Many manufacturers do not sell products or services directly to consumers; instead of relying on…
Q: Why is sales forecasting important?
A: To make informed decisions, an accurate forecast of future sales is required. Sales forecasting is…
Q: How would you describe the departmentalization and the organizational structure at Graeter’s? Do you…
A: Organizational Structure- It is a system that outlines how some activities are directed in order to…
Q: It is important for companies to eliminate ways in which customers are turned off, and build loyal…
A: You understand as a business owner that your customers are the lifeline of your operation. That is…
Q: What are the different levels in Maslow’s hierarchy of needs?
A: Maslow's hierarchy of needs is one of the best theories of motivation. This theory explains that the…
Q: How marketing concept is implemented?
A: A solid marketing implementation strategy aids in the transformation of plans into processes. It…
Q: Technology is a crucial driver to change and innovation. Select one: O True O False
A: Throughout the ages, many product and services organisations have contributed greatly towards the…
Q: A service cooperative promotes and undertakes savings and lending services among its members.
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: What is meant by Flextime?
A: The employees of any company or business are their biggest assets. Companies spend around 70%-80% of…
Q: Understand the concepts of dynamic pricing and yield management systems?
A: Price is the economic value set by the company on the manufacturing products produced by it. It is…
Q: How accurately can managers plan for future human resources needs?
A: Human resources are an important component of any business's success that may either help or hinder…
Q: Define Profit Maximization?
A: Profit maximization has an indirect impact on economic and social well-being. When a business makes…
Q: Define marketing
A: Market is the place for interaction between customers and business where business sells their…
Q: What steps have U.S. firms taken to regain a competitive edge in the global marketplace?
A: The measures adopted by American businesses to reclaim a competitive edge in the global marketplace…
Q: How marketers collect primary data and secondary data?
A: Market research provides marketers with valuable data to help them make decisions. Although primary…
Q: What are the major advantages of family branding?
A: Brand is said to any unique name, symbol, logo or design which is used by marketers for the purpose…
Q: What is meant by comparison discounting?
A: Determining the present value of a future payment or stream of payments is known as discounting.…
Q: How packages play an important promotional role?
A: Packaging is the act of designing an appropriate packet or box which would provide sufficient safety…
Q: Explain what motivation is.
A: A human being needs self-urge and motivation to begin something new, some motivating factors to…
Q: Explain negotiated pricing.
A: Pricing will be set by the marketers so that the company can earn profits from the product and…
Q: State the advantages of Self-Managed Teams.
A: A team consist of members with common objective and different contrasting skills for given project.…
What is marginal revenue (MR)?
Step by step
Solved in 3 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?What is the distinction between simulated and anticipated average demand:What is the distinction between simulated and projected average demand:
- Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: TWO LAST THIS YEARS AGO UNITS YEAR UNITS YEAR UNITS 4,805 3,505 4,305 3,005 3,505 2,705 3,490 2,405 3,195 2,105 2,705 1,705 II II II II IV IV IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Period Forecast (Units) II II IV · = = >Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: LAST THIS YEAR TWO YEARS AGO UNITS YEAR UNITS UNITS 4,785 3,495 2,696 3,475 3,210 2,078 2,705 1,695 I I I II 3,475 4,195 II II III III III IV 2,995 IV 2,375 IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Period Forecast (Units I II III IVDoes variation in demand matter? What is its respective implications? (High/low)
- Kamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $22,400 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $32,400 so he can obtain the bank's approval for the loan. % of sales Sales 280,000 100% Cost of supply chain purchases 201,600 72% Other production costs 28,000 10% Fixed costs 28,000 10% Profit 22,400 8% Part 2 a) What percentage…1) Assume that you are a manager of one of the hotels in the UAE. As you know, UAE has an excellent weather from October to April, so the room occupancy rate is high during this period. However, the occupancy rate becomes low during the period from May to September due to the hot weather and this happens every year. Based on the above information: 1- What is type of demand state that you face in this situation? Explain it? 2- And explain how can you manage this demand state in detail? 2) In this course, you were requested to provide relevant recommendations to intensive growth strategies for a selected hotel of your choice in the UAE, write a report to explain each one of them and show their relevant recommendations as follows: 1- Market penetration strategy (explain and write recommendations) 2- Market development strategy (explain and write recommendations) 3- Product development strategy (explain and write recommendations) 4- Related diversification strategy (explain and write…The operations manager of a company extracted the following annual demand data from the research and development department of the company. Use it to answer questions 23-30. Year Price (¢) Demand Jan 6. 9500 Feb Mar April Мay June July 8 9000 8000 6800 5000 11 18 24 32 3500 40 2000 23. What is the percentage change in demand for transport services between Feb and May? (a) 0.44% (b) 4.44% (c) 44.4% (d) 45.4% 24. What is the average demand for the period \(a) 6257 (b) 6527 (c) 6752 (d) 7245 25. The percentage change in price between Jan and May is: Ya) 45.45% (b) 45.54% (c) 54.45% (d) 54.54% 26. How will a passenger pay for this transport service is he travelled six times in May? (a) 44 (b) 84 * (c) 144 (d) 244 27. How much more or less will a passenger pay if she travelled five times in April and three times in July? (a) 30- (b) (30) (c) 60 (d) (60) Page 5 of 16 Pcu IDL/supp' 636-19 28. What is the price elasticity ofr demand for this transport service hetween Inn and Muy (u) 0.319 (b)…
- approaches to constructing revenue modelsDemand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,240 February 4,340 March 4,040 April 4,440 May 5,040 June 4,740 July 5,340 August 4,940 September 5,440 October 5,740 November 6,335 December 6,030 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 4 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: TWO YEARS AGO UNITS 4,815 3.515 4,315 3,015 I || III IV || III IV Period I LAST YEAR I III IV UNITS Forecast (Units) 3,510 2,715 3,515 2,415 THIS YEAR I || III IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) UNITS 3,215 2,116 2,695 1,695