1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blondinia [14]
3 years ago
13

An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales

have grown at 15%-20% per year in recent years and are expected to grow at 10%-15% per year over the next 3 years, still well above the economic growth rate. 2. Some U.S. manufacturers are attempting to enter fast-growing non-U.S. markets, which remain largely unexploited. 3. Some manufacturers have created a new niche in the industry by selling directly to customers through mail order. Sales for this industry segment are growing at 40% per year. 4. The current penetration rate in the United States is 60% of households and will be difficult to increase. 5. Manufacturers compete fiercely on the basis of price, and price wars within the industry are common. 6. Some manufacturers are able to develop new, unexploited niche markets in the United States based on company reputation, quality, and service. 7. Several manufacturers have recently merged, and it is expected that consolidation in the industry will increase. 8. New manufacturers continue to enter the market. Characteristics _______ would be typical of an industry that is in the start-up stage.
Business
1 answer:
mina [271]3 years ago
3 0

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

  • Following characteristics would be typical of an industry that is in the start-up age :
  • 4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
  • The households between $1 million and $2 million in net worth is given below :
  • $1,000,000 in wealth is near the 88% in America.
  • Around 15,117,804 are households that matched this bracket or more.
  • 5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
  • There are certain strategies which includes
  • price matching,
  • evaluating the competitors,
  • product re-branding,
  • creative advertising and marketing
You might be interested in
Explain and compare between administrative marketing and entrepreneurial marketing
Simora [160]
Business Orientation: While traditional marketing is defined by customer orientation, entrepreneurial marketing is defined by entrepreneurial and innovation orientation. ... Entrepreneurs interact with customers through activities like personal selling and relationship marketing.
Entrepreneurial Marketing: 6 Characteristics of Entrepreneurial Marketing
Proactive Orientation: ADVERTISEMENTS: ...
Innovativeness: ...
Focus on the Customer: ...
Utilizing an Opportunity: ...
Risk Management: ...
Value Creation: A contemporary definition that meets the present scope in which entrepreneurial marketing is defined as: “The proactive identification and exploitation of opportunities for acquiring and retaining profitable customers through innovative approaches to risk management, resource leveraging and value creation.” Traditional marketing has many facets. For instance, it includes tangible items like print ads in magazines or newspapers, business cards. It can also include commercials on radio or TV, posters, brochures and billboards. Anything except digital ways to promote your brand is traditional marketing. The four main sources of entrepreneurial marketing ideas are the new markets for existing products, new products, turning ideas into business opportunities and innovative approaches to existing markets.
3 0
3 years ago
Mesia has come to you for help. For the third time this month, she has recorded a cash receipt twice. She wants you to record a
gayaneshka [121]

Answer:

Any adjustment section in the Accounts ought to be assessed and ought to be endorsed by the controller before posting it. The supporting clear archive to be delivered and held with the voucher for review reason.  

Here, the case is money receipt is recorded twice, and requirements to book revising passage. Necessities to examine about the section, and need to cross check with money equalization and deals balance, Cash receipt number etc.to ensure this is a real case and ensure no fraud is occurring.

4 0
3 years ago
Help please!! Facilities managers and records and information managers are two categories of what type of job?
Elena-2011 [213]

Answer:

B.

Explanation:

This is the answer

Facility Manager= B.

3 0
2 years ago
Careers in the Hospitality and Tourism career cluster are
son4ous [18]

Answer:

The correct answer is: B. Bountiful and expected to continue to grow.

The tourism and hospitality industry is a fast growing and developing industry, so in the future,  it is expected to grow, and become more bountiful.

Let me know if this helps!

8 0
2 years ago
Read 2 more answers
Who is required to provide information through the "right to know" law?​
Murrr4er [49]

Private Employers.

The Right to know law discusses workers rights to know about dangerous chemicals/substances in the workplace and is overseen by OSHA ..

4 0
3 years ago
Other questions:
  • Carla is not wealthy but attends a school in the wealthy part of her city. She works at a grocery store after school. Other girl
    14·1 answer
  • Indra nooyi, ceo and chairman of pepsico is considered the most powerful woman on fortune’s 50 most powerful women’s list, uses
    10·1 answer
  • Heidi's Accessories bought 50 necklaces for $10 each on account. The invoice included a 6% sales tax and payment terms of 2/10,
    9·1 answer
  • Which of these is a pro of being a wage earner?
    14·2 answers
  • Using this table, calculate the profit at each level of running shoe inserts production.
    10·2 answers
  • Kiosks and carts are ideal locations for
    13·2 answers
  • St. Claire Manufacturing expects to produce and sell 6,000 units of Big, its only product, for $20 each. Direct material cost is
    9·1 answer
  • You plan to retire in 30 years and plan to contribute the same amount of money each year to your retirement fund. The fund earns
    5·1 answer
  • Emily Corporation has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. Vacation
    14·1 answer
  • The Berkshire Hathaway annual meeting, a famous yearly event, can be attended by any ________, which is someone who owns at leas
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!