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navik [9.2K]
4 years ago
9

What are the five key things you must know in order to identify opportunities in your area of work?

Business
1 answer:
jasenka [17]4 years ago
6 0

Answer:

The answer is below

Explanation:

Five key things you must know in order to identify opportunities in your area of work are:

1. Study industry trends and insights, by checking the latest or current infographics on your industry.

2. Study top executives in the industry, through interviews, magazines profiles, and their company websites.

3. Pay attention to both existing and potential clients' needs.

4. Understand the present challenges in the industry and think the solution

5. Attend conferences and seminars relating to your industry.

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jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to e
Natasha_Volkova [10]

Based on the actions of Jameson Machinery Inc, we can infer that they want to benefit from<u> First Mover Advantage. </u>

<u />

First Mover Advantage:

  • Involves being the first company or brand to enter a certain industry
  • Gives the brand a competitive advantage and customer loyalty over other competitors
  • Allows company to perfect services offered

In trying to get to South America first and having their brand established, Jameson hopes to benefit from first mover advantage which would see them have a competitive advantage over competitors that come later.

In conclusion, Jameson hopes to benefit from First-Mover Advantage.

<em />

<em>Find out more at brainly.com/question/14663095. </em>

3 0
3 years ago
2. What are the advantages of utilizing a targeted marketing strategy?
aleksklad [387]

Answer:

Explanation:

Target marketing is a way of focusing your advert on specific people, location, age group, interest, in order to have a maximum yield.when utilizing target marketing strategy, there are a lot of advantages that are attached to it as discussed below;

  1. Precise advertisement ; when you have a target market you are aiming at you will not waste your energy in running numerous advertisements to the target area you only advertise what they need. e.g if a certain area in London demands for ladies bags so often and you make both female bags and male bags, your advert will definitely be on the bags that are demanded more often.
  2. It saves cost ; cost of running advert for so many goods and services will be reduced because you already know your target customers you only advertise what they needed with little money and more result.
  3. Loyalty; when you channel your strength in an area of target you become more reliable and trustworthy and you start to gain loyalty from your existing customers and referrals from them.
  4. Increased customer base your customer base will increase because your customer base has friends and family so they introduce you to them and from there your customer base increases.
8 0
3 years ago
Read 2 more answers
Caroline's Jewelry and Gifts is located between a hardware store and a sports bar. While her target market is adult women of med
Vikki [24]
The husbands? since the store is near to asport bar and hardware store (which i assume are the places full of men customer), those guys might wanna buy cute jewellery for their cute wives
4 0
3 years ago
Read 2 more answers
Business professionals value workplace relationships and professional behavior; therefore, it is vital to understand the charact
____ [38]

Answer: <em>Polish, Civility and Social Intelligence </em>

Explanation:

The following are the synonyms for the professional behavior: Civility, Polish and Social Intelligence. Social intelligence is referred to as or known as the capacity of an individual to know himself/herself and other individual.  Civility is referred or as known as the civilized conduct  i.e. considered to be a polite act or an expression .

6 0
3 years ago
Portions of the financial statements for Alliance Technologies are provided below. Alliance Technologies Income Statement For th
Dmitrij [34]

Answer:

Net cash flow from Operating activities  $       97,000.00

Explanation:

The problem can not be solved on the answer box here, that is why i made use of the microsoft word table in other to understand the solution properly

Download docx
3 0
3 years ago
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