The philosophy which <em>Vineyard Vines is utilizing </em>by understanding its customers’ needs is known as:
- Societal marketing orientation
<h3>Societal marketing orientation</h3>
This refers to the type of marketing where a company makes its marketing decisions based on the long term interests of the society and not just based on current demand.
With this in mind and from the complete text, we can see that Vineyard Vines makes use of this concept to market their goods.
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Answer:
A process whereby managers direct employees to perform certain tasks.
Explanation:
Coordination plays a very important part in the success of an organization. With a number of different people and departments working towards a common goal, it presents a lot of advantage to help keep the efforts synchronized and integrated.
Cordination is an ongoing process for achieving a specific goal in the organisation.
Managerial coordination ensures unity of action among the employees in carrying out various activities and tasks to ensure the growth of the organisation.
Answer: B. regressive taxation
Explanation:
Regressive taxation is a form of taxation where people who earn higher income pay a less percentage of income as tax while those who earn less income pay a higher percentage of income as tax.
Progressive taxation is a form of taxation where people who earn higher income pay a higher percentage of income as tax and those who earn less income pay a lower percentage of income as tax.
Answer:
b. When there is a lack of importance of the buyer to the supplier group
Explanation:
According to Porter there are five forces that can cause rivalry in a production industry. These are supplier power, threat of new entrants, buyer power, threat of substitutes, and degree of rivalry.
Supplier power is when suppliers are able to benefit from the producers by increasing prices of inputs and gaining some industry profit. Since suppliers supply input and labour to the producer they have a greater control of there is lack of importance of the buyer to the supplier group.
This means that the supplier group has more control on price and quality it supplies to the buyer with buyer having little choice but to buy.
If however buyer is more important to the supplier it means they can control price and quality of inputs
Answer:
goal
Explanation:
Goal interdependence is when members of a group share common goals.
