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Elena-2011 [213]
3 years ago
13

Marketing is considered both an art and a science. how do the 4ps, or marketing mix, help us bridge the gap between art and scie

nce?
Business
1 answer:
Ivan3 years ago
7 0
<span>Marketing balances the need for data with that of creativity. </span>
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Answer:

rivalry among existing competitors

Explanation:

The Porters' 5 forces is used to analyse the competitiveness among firms in an industry.

Porter's 5 forces include :

  • Competition in the industry : the higher the number of companies in the industry, the lower the power an individual firm possesses. For example, if an industry increases it price, a consumer can easily shift to the consumption of substitutes
  •  Potential of new entrants into the industry : If there are low barriers to entry in an industry, firms in the industry experience greater competition  
  • Power of suppliers : the higher the number of suppliers in the industry, the higher the bargaining power of firms in the industry and the greater the power they possess
  •  Power of customers : the larger the number of customers, the greater the power firms possess
  • Threat of substitute product : if there are little or no substitutes for the goods produced by companies, the greater the power the firms possess
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Kylie has been practicing repeating phrases such as, "I know I don’t wear the latest fashions, but I am comfortable. Surely othe
Alex787 [66]

Answer: Self-affirmations

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Define federal reserve system.​
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