Immediate rivals, potential entrants, customers, suppliers and substitute products are the five aspects that are used to evaluate competition.
<u>Explanation</u>:
Porter's Five Forces is a framework or tool for analyzing the competitive environment of the company. The profit of the company is influenced by company's competitors, potential new market entrants, suppliers, customers and substitute products.
Michael Eugene Porter- a famous economist of America postulated Porter’s Five Forces. This tool helps in determining the competition intense of the company. The position of the company can be affected with the new entry of rivals in the same market. The company should be able to possess strong and durable barriers to withhold its position.
Answer:
To eliminate bias when they're making a decision.
Explanation:
Every individuals have our own preference. Including the people who work in a marketing team.
Often times, the preference that the members of marketing have can be different to the preference of their target market. What the marketing team think as a 'Good product' might not be seen as such by the customers.
Researches through objective method follows a rigid scientific process in order to find an answer to a certain question. The end result of such results will eliminate emotion or personal bias and only factors in all relevant factors that can actually be used as hard data.
This is why they conducted researchers through objective method to measure the market's perception toward their product.
The correct answer is <em>C) "personal appeals"</em>.
When a speaker is searching for support in an audience it is very effective to refer to the friendship and loyalty that this audience has had towards the speaker until that moment and ask once again for their support regarding the upcoming decision-making process. This is a technique which political candidates use quite often during political meetings in the days prior to the election day. Proposals and the appliance of techniques such as exchange are no longer effective with such a tight deadline, leaving the personal appeal as the best way to reach an audience's emotions and get the necessary buy-in.
Answer:
yes socializing effort is a commom
The answer is A. I hope this helps
