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Doss [256]
4 years ago
6

What is the first thing a company does when analyzing​ competitors? A. Assess the​ competitor's objectives and strategies. B. Id

entify the​ company's competitors. C. Select which competitors to attack. D. Assess​ competitor's strengths and weaknesses. E. Select which competitors to avoid.
Business
1 answer:
Cerrena [4.2K]4 years ago
7 0

Answer:

The answer is B. Identify the company's competitors

Explanation:

In any given industry, there are always different companies in the business of pleasing the same customers, and the customers will invariably continue to do business with the company that exceeds their expectations.

That being said, any company that aims to out perform its competitors and please customers the most will carry out a Competitive Analysis. This analysis is carried out in order to determine the strengths and weaknesses of a company's competitor.

The first step in a competitor analysis is to identify the company's competition, both current and potential. This identification of competition is very important, because a company in the hotel industry can not compete with a company in the transport industry.

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Discuss some ways a large insurance company such as allstate, progressive, or state farm might use social media tools such as mi
Talja [164]

Answer:

Yes, service companies have advantages in the use of this type of tools compared to production companies.

Explanation:

These companies can make massive use of social networks to increase their coverage and satisfaction, and this is achieved by identifying the needs of people to be able to offer services with security and confidence. Any person can require insurance of any kind at least once in their life, and it is at this point that it must be established in such a way that all the offer for which potential customers can decide is known.

Insurance companies have a great advantage over other sectors, and that is that they can easily offer their services through electronic means, online advertising, banners, etc., on the other hand, a company that is dedicated to producing must establish a penetration strategy offering its services or products to potential stakeholders who identify themselves in the sector.

6 0
4 years ago
Jon is always willing to trade one can of Coke for one can of​ Sprite, or one can of Sprite for one can of Coke.
marshall27 [118]

Answer:

For each can of soda he gets one in return.

Explanation:

If he gets one soda for another the logical answer is that for each trade he gets a soda but it also could mean that those are his two favorite.

7 0
4 years ago
Teal Mountain Inc. issues $5.0 million, 10-year, 8% bonds at 101, with interest payable on January 1. The straight-line method i
Troyanec [42]

Answer:

Dec. 31

Dr Interest expense $405,000

Cr Discount on bonds payable $5,000

Cr Cash $400,000

Explanation:

Preparation of the journal entry to record interest expense and bond premium amortization on December 31, 2022

Dec. 31

Dr Interest expense $405,000

($400,000+$5,000)

Cr Discount on bonds payable $5,000

[$5,000,000 - ($5,000,000 x 101/100)/10]

Cr Cash ($5,000,000 x 8%) $400,000

(To record interest expense and bond premium amortization)

8 0
3 years ago
The four Ps make up the marketing mix, which is the __________ set of decisions or activities that the firm uses to respond to t
Alexeev081 [22]

Answer:

clear and effective strategy comprising

Explanation:

The four Ps make up the marketing mix ,which are product, price, promotion, and place. These four components help determine a clear and effective strategy to bring a product to market. Each element is crucial in its own right and needs to be given due focus .

The product is either a tangible good or an intangible service that is seem to meet a specific customer need or demand. All products follow a logical product life cycle and it is vital for marketers to understand and plan for the various stages and their unique challenges .

Price covers the actual amount the end user is expected to pay for a product. How a product is priced will directly affect how it sells. This is linked to what the perceived value of the product is to the customer rather than an objective costing of the product on offer. If a product is priced higher or lower than its perceived value, then it will not sell. This is why it is imperative to understand how a customer sees what you are selling.

The marketing communication strategies and techniques all fall under the promotion heading. These may include advertising, sales promotions, special offers and public relations.

The place or placement deals with how the product will be provided to the customer. Distribution is a key element of placement. The placement strategy will help assess what channel is the most suited to a product.

5 0
3 years ago
Because supply curves slope upward, this supports the law of supply that as prices __________, more goods will be supplied.
antoniya [11.8K]

Answer: increase

Explanation:

The supply curves slope upward due to the fact that there's a direct relationship between the price of the good and the quantity that's supplied.

This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.

3 0
3 years ago
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