The question given is incomplete.
Following is written the complete question.
http://www.viddler.com/embed/bc9e993
After watching the video answer the following questions:
1. What are the points of difference, or unique attributes, for GoPro products?
2. What are GoPro’s primary target markets?
3. Describe the new product development process used at GoPro. How is it similar to and different from the process described in your lesson and the textbook?
4. Which of the eight reasons for new product failure did GoPro avoid to ensure the success of its products?
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The answer for the above question is given below.
I hope it will help you!
Explanation:
Answer:
b. Golfanatics did a better job because its inventory turnover was higher.
Explanation:
Inventory turnover is defined as the number of times a business sells off its inventory in a year. Businesses target higher inventory turnover as this implies that they are making more sales.
The inventory turnover of Golf Inc was 5 times in the year.
The inventory turnover of Golfanatics was every 65 days, so in a year turnover would have been= 365/65 = 5.615
So Golfanatics turned over their inventory more times (5.615 times) than did Golf Inc (5 times).
Answer: TREND WATCHING HELPS MARKETERS TO PREPARE AND PREVENT THE RECURRENCE OF NEGATIVE IMPACTS ON THE BUSINESS.
TREND WATCHING IS RELEVANT IN BUSINESS.
TO PREVENT AND PREPARE FOR POSSIBLE MARKET RISKS.
Explanation:Trend watch is a process through which an analysis is carried out to understand the existing situations in a business Environment and make adequate preparation or take steps aimed at controlling any possible risk .
Trend watch is very relevant as it prevents a business entity from losses and it helps Businesses to prepare for and control possible risks,most Marketing Organisations usually do trend watching in order to improve overall performance and profits.
Answer:
a. Supply increases, Supply curve shifts to the right
b. Demand decreases, Demand curve shifts to the left
c. Demand increases, Demand curve shifts to the right
d. Supply decreases, Supply curve shifts to the left
Explanation:
a. There have recently been some important cost-saving inventions in the technology for making paint- Supply will increase due to lower cost in production. Shifting the supply curve to the right. Price of paint will fall and quantity will increase.
b. Paint is lasting longer, so that property owners need not repaint as often- Demand for paint will fall due to its long lasting. This shifts the demand curve to the left decreasing the price and quantity of paints.
c. Because of severe hail storms, many people need to repaint now- Demand for paint will increase shifting the demand curve to the right increasing the price and quantity of paints.
d. The hail storms damaged several factories that make paint, forcing them to close down for several months- Supply of paint will decrease as factories close down. This will shift the supply curve to the left increasing the price of pain and decreasing the quantity of paint.
A monopoly is the best example of a company with substantial market power
