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2 years ago

Is it essential that business market managers recognize which prospective customer firm is having a buying orientation.

1 answer:

5 0

It is essential that business market managers recognize which prospective customer firm is having a buying orientation. The statement is correct.

<h3 /><h3>What is Business?</h3>

Business refers to the activity performed by an individual or the group of the people produce the product for selling to the prospective customer in order to earn profits.

It is very important for the business to know the customers preferences and the habits in order to sell their product. Customers satisfaction is necessary for the growth and the survival of the firms.

Customers are the ones who have to purchase the product produced by the firm. Thus is makes very critical for business managers to have the knowledge about the buying habits of the customers.

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Which of these is a characteristic shared by both oligopolies and monopolies?a. Normal profits in the long runb. Significant bar

sveta [45]

Answer:

The characteristics which is shared among both monopolies and oligopolies is that they have significant barriers to the entry into the market.

Explanation:

Oligopoly market is the market structure which have a small number of firms, and could not have significant influence. The market have the barriers for entering into the market.

Monopoly market is the one which have a market structure having a single seller, selling the unique product, faces no competition and no substitute available with customers. In this market, there is also barriers for entering into the market.

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3 years ago

The owner of a store that sells fine-quality fabrics for home seamstresses bemoans the fact that few young women know how to do

eduard

Answer:

The answer is: A) core competencies that have become core rigidities.

Explanation:

The core competencies of a business are what makes that business have an strategic advantage over its competition. In this case, the store sells the best high quality fabrics.

In the past the store had an strategic advantage since they sold a great product, but nowadays very few people are interested or willing to buy their fabrics. So what once was a core competency has now become a core rigidity. The store relied for too long on their core competency until it became obsolete. A textbook example for this is Kodak and its photographic film.

3 0

3 years ago

brown's, a local bakery, is worried about increased costs particularly energy. last year's records can provide a fairly good

Marina86 [1]

Answer:

Increase in the production of energy means that the energy was saved

Labor productivity also increased

Explanation:

Change in energy producton

Previous Year: (1,500x12)/3,000

=18,000/3,000

=6.0 loaves per unit

Current Year: (1500*12)/2,750

=18,000/2,750

=6.55 loaves per unit

The above calculation indicates a positive change in energy production. This means that there was some degree of energy saving.

Change in labor

Previous Year: (1500x12)/350

=18,000/350

= 51.43 loaves/labor hour

This Year: (1500x12)/325

= 18,000/325

= 55.38 loaves/labor hour

This calculation also signifies an increase in labor productivity.

Change in Investment

Previous Year: (1500x12)/15000

=18,000/15,000

= 1.2 loaves/$ investment

This Year : (1500x12)/18000

=18,000/18,000

= 1.0 loaves/$ investment

Investment is lowered which is a positive sign.

4 0

4 years ago

What of the following forms the basis for a financial advantage when making a business decision?multiple choiceWhether opportuni

raketka [301]

Answer: whether the differential benefits exceed the differential costs

Explanation:

8 0

2 years ago

What is the definition of the product/service bundle?.

Bond [772]

Answer:

In marketing, product bundling is offering several products or services for sale as one combined product or service package.

Explanation:

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2 years ago