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Assoli18 [71]
3 years ago
15

We believe in creating loyal customers by providing a superior experience at a great value. We are committed to direct relations

hips, providing the best products and services based on standards-based technology, and outperforming the competition with value and a superior customer experience. This statement is a part of Dell's:______.a) functional objectives.b) mission statement.c) short-term strategy.d) near-term goals.
Business
1 answer:
Likurg_2 [28]3 years ago
3 0

Answer:

b) mission statement

Explanation:

A mission statement is a formal description that captures all what a company is set out to do in achieving their vision. It is a brief summary of a company’s philosophy, goals and objectives.

A mission statement is what gives a clear direction to a business, as the purpose of a business is well clarified. A mission statement which answers the basic question of “Why does your business exist” helps in increasing employee engagement as well as ensuring the vision of the company is actualized.

The statement of Dell as highlighted in the question above is part of Dell’s mission statement, as it tells why the business exist.

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motikmotik

Owners equity is $82365 - $70500 which gives $11365. Therefore when you add $70500 + $11365, this would give $82365.

4 0
3 years ago
Brenda sees a television advertised around $500. when she finally buys one for $450, she feels she got a good deal. in this case
Butoxors [25]

Brenda sees a television advertised around $500. when she finally buys one for $450, she feels she got a good deal. in this case, the $500 price acted as an anchor.

A cognitive bias known as the anchoring effect describes a common human tendency to excessively rely on the initial piece of information proposed when making a decision.

Anchoring occurs when people base subsequent judgments on an earlier piece of information during decision-making. Once an anchor is established, subsequent decisions are made by moving away from it, and there is a bias toward framing subsequent data in relation to the anchor.

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1 year ago
When most consumers who would buy a product are either repeat purchasers of the item or have tried and abandoned it, what stage
fiasKO [112]

Answer:

Promotional expenses are those expenses that a company bears to make its product more aware to the consumers. Maturity stage of product life cycle means the product has already been accepted wide spread and is at its peak in respect of sales but will eventually slow down in growth.

Therefore, promotional activities at the maturity stage are done by companies so that the existing customers would not shift their demand to any of other substitute product.

Explanation:

5 0
2 years ago
A manager feels confident that earnings will increase in the next few months and therefore believes it will benefit himself, his
labwork [276]

The decision of the manager has serious long-term consequences for the firm and does not align with a conscious marketing approach.

<h3>What is a conscious marketing approach?</h3>

A conscious marketing approach is adopted by firm with fairness and honesty over a long-term to ensure safety of shareholders funds, retained earning etc.

However, as he thinks about exaggerating the current earnings just a little, this will have serious long-term consequences for the firm.

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4 0
2 years ago
1) Conduct a 5 forces analysis of the brewery industry and explain why it’s a good or bad industry? 2) Why are true (not owned b
bixtya [17]

Full Question:

1) Conduct a 5 forces analysis of the brewery industry and explain why it’s a good or bad industry

2) Why has the beer industry been historically profitable? How are profits allocated among the “mega breweries?

3) How do you control supplier costs?

Answers:

1 Five Forces Analysis:

  1. Rivalry: Other Craft Breweries and “Better Beer” suppliers that may be able to create economies of scale and have better marketing efforts.
  2. Threat of Entry: Growing industry, home breweries are becoming more popular, this is usually the beginning of a larger brewery. Demand for the uniqueness provides the need for   supplies  from   other   breweries.  Barriers  to   entry  consist   of   government  laws  and regulations, supply availability, and customer loyalty.
  3. Bargaining Power of Suppliers: Limited supply, especially with specialized hops for the craft beers, prices can be increased.
  4. Bargaining Power of Buyers: Buyers may have price sensitivity. Many craft breweries are subject to limited distribution channels, making it harder to create a following as they’re not available in chain stores.
  5. Substitutes: Non-craft beer, wine, malt beverages. For people who don’t want to pay the“better beer” price, and people who don’t like the taste of largely produced beer.

2. The U.S. Beer market is one of the most complex industries. It has two product-segments: Lager and Ale, with lager being the overwhelmingly dominant segment. Historically,   the   industry   has   been   profitable  with more Profits   being allocated   among   the  mega breweries.

3. Controlling Supplier Costs:

Given the bargaining power of suppliers, the only to control them given their limited availability is through moral suasion or via legislative means limiting their powers.

Another way would be to get government to subsidise their cost of operations.

4. The effect of the general environment (such as demographic, socio-cultural etc)  on the brewery industry:

Economic factors affect the industry in determining price point and demand; Craft beer is more popular in already developed countries as those consumers can afford the higher price. Cultural factors are also a component; some cultures drink more beer as cultural experiences/ normality’s, while others are just beginning to develop a taste for the beverage. The climate in different places can also impact the type of beer consumed, warm weather lending to light beer, and tastes changing with every season, opening markets to a wider range of brews. Lastly, the industry is subject to political factors such as laws   and regulations about the  quantity, distribution, and packaging of  craft beers.

5. The importance of the craft brewery alliance is :

Craft   breweries   are   having   larger   growth   rates,   mega   breweries  are   growing   in   developing countries. Mega breweries still  have the largest profits,  but crafts are within  the top 10 for production volume. Craft breweries has high revenue due to higher price points.

Cheers!

6 0
3 years ago
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