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stellarik [79]
3 years ago
9

John Cleaver is the CEO of Tech World, which is a retail store that sells computers, monitors, cameras, televisions and many oth

er electronic products. John and his executive team are meeting to brainstorm new ideas on how to grow the business. One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry. After performing a Porter's Five Forces analysis John determines that all of the forces are high in this new industry. What should John do?
Computers and Technology
1 answer:
ohaa [14]3 years ago
4 0

Answer:

not introduce the product

Explanation:

Based on the information provided within the question it can be said that in this scenario the best thing for John to do would be to not introduce the product. This is mainly due to the fact that all of the Five Forces are strong therefore this would be an extremely highly risky business strategy that may lead to massive losses.

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The way that the understanding branding help explain why those who go viral for public behavior get fired is option  C. Their behavior shapes consumer understanding of the employer’s brand.

<h3>How would you define branding?</h3>

A brand is a good, service, or idea that is publicly set apart from similar ones. This makes it simple to convey and generally promote. The process of developing and promoting a brand's name, attributes, and personality is known as branding.

Note that Branding is defined as the marketing strategy of developing a name, symbol, or design to identify and set apart a product from competing goods. You get a significant competitive advantage in marketplaces that are getting more and more cutthroat.  So, it goes a long way to tell what a company stand for.

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1 year ago
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