in which stage of a product's life cycle would marketers find the need to communicate what makes its product different from others products?
Answers
Marketers would typically find the need to communicate what makes a product different from others during the introduction and growth stages of a product's life cycle.
What constitutes different stage of product's life cycle?Each stage in indepth examination are as follows:
1. Introduction Stage: This is the initial stage when a new product is launched into the market. During this phase, marketers focus on creating awareness and generating interest in the product. Since the product is new, consumers may not be familiar with it or its unique features.
2. Growth Stage: In this stage, the product begins to gain traction and experiences increased sales and market share. Competitors might also enter the market with similar offerings. To maintain or expand their market position, marketers need to emphasize the unique selling propositions (USPs) of their product.
By effectively communicating what sets their product apart, marketers can position it as the superior choice and build brand loyalty among consumers. As the product moves into the later stages of its life cycle (maturity and decline), the focus of marketing efforts may shift towards other strategies such as maintaining market share, extending product life, or managing the decline phase.
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Related Questions
Do a minor research on at least 5 inventory optimization software providers.Analyze and compare the main services, features and technologies that powers these software's.
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Some options for inventory optimization software providers along with their main services, features, and technologies:
Fishbowl Inventory, Oracle, SAP, MDA software and Epicor.
Inventory optimization software providersHere are some options for inventory optimization software providers along with their main services, features, and technologies:
1. Fishbowl Inventory:Fishbowl Inventory provides software that enables companies to manage their inventory, create invoices, and generate reports. The software features a barcode scanner and supports real-time updates. Additionally, Fishbowl Inventory integrates with QuickBooks and supports a variety of manufacturing and order fulfillment features.
2. Oracle:Oracle provides a suite of software that includes inventory optimization features. Their software can be used to manage demand, create sales forecasts, and balance inventory levels. Additionally, Oracle's software can help companies optimize their supply chains and create more efficient purchasing and production processes.
3. SAP:SAP provides software for a wide range of business needs, including inventory optimization. Their software supports real-time updates and includes advanced analytics features. Additionally, SAP's software can help companies optimize their supply chains, reduce costs, and improve their overall efficiency.
4. JDA Software:JDA Software provides software for supply chain optimization, including inventory management features. Their software can be used to create demand forecasts, manage inventory levels, and optimize production processes. Additionally, JDA's software supports advanced analytics and can help companies reduce costs and improve their overall efficiency.
5. Epicor:Epicor provides software for inventory management, order fulfillment, and warehouse management. Their software supports real-time updates and includes advanced analytics features. Additionally, Epicor's software can help companies optimize their supply chains and improve their overall efficiency.
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2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to
calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the
estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
Answers
Answer:
=([Cost] * 1.07)
Explanation:
The question has missing details.
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
\(Total = Cost * (1 + Sales\ Tax)\)
\(Total = Cost * (1 + 7\%)\)
Convert percentage to decimal
\(Total = Cost * (1 + 0.07)\)
\(Total = Cost * 1.07\)
Hence, the Excel equivalent is:
=([Cost] * 1.07)
Answer:
=([Cost] * 1.07)
Explanation:
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
Total = Cost x ( 1 + Sales Tax )
Total = Cost x ( 1 + 7% )
Convert percentage to decimal
Total = cost x ( 1 + 0.07 )
Total = Cost x 1.07
Hence, the Excel equivalent is:
=([Cost] * 1.07)
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In terms of SUPPLY, what factors have contributed to the fall in oil prices?
Answers
explain the availability and use of factors of production as method of growing the economy
Answers
The availability and use of factors of production play a critical role in growing the economy. The four primary factors of production include land, labor, capital, and entrepreneurship. The land is the natural resources available for production, such as soil, minerals, and water. Labor refers to the human effort involved in the production process, including physical and mental skills. Capital refers to the physical assets used in the production process, such as machinery, tools, and buildings. Entrepreneurship refers to the process of combining the other three factors to create a business venture.
The availability of these factors determines the extent to which an economy can grow. For example, a country with abundant natural resources can use them to increase production and grow its economy. Similarly, a country with a large and skilled labor force can produce more goods and services, which can lead to economic growth.
Moreover, the efficient use of factors of production can increase productivity and growth. For instance, the use of advanced technology and machinery can reduce the labor required for production, leading to cost savings and increased efficiency.
Overall, the availability and effective use of factors of production can significantly contribute to economic growth and development.
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Without ____, it would be impossible to stay in business.
Group of answer choices
growth
profit
IPO
marketing
strategy
Answers
In a private company's accounting system, inputs are __________ and outputs are _________. Multiple Choice marketing strategy-type information; sales data results of surveys on consumer satisfaction; accounts payables transactions such as sales, payroll, and other expenses; financial statements transactions such as the cash flow statement; payroll taxes
Answers
Answer:
Explanation:
transactions such as sales, payroll, and other expenses; financial statements
The correct answer is Inputs are accounts payables transactions such as sales, payroll, and other expenses; outputs are financial statements transactions such as the cash flow statement.
Here is a breakdown of the answer:
Inputs: These are the data that are entered into the accounting system. In a private company's accounting system, the inputs would typically include accounts payables transactions, such as sales, payroll, and other expenses.
Outputs: These are the reports and documents that are generated from the accounting system. In a private company's accounting system, the outputs would typically include financial statements, such as the cash flow statement.
The other options are not correct because they are not typically included in a private company's accounting system.
For example, marketing strategy-type information and results of surveys on consumer satisfaction is typically not included in the accounting system. Payroll taxes are also not typically included in the accounting system, as they are usually handled by a separate department.
Thus , accounts payables transactions and financial statements transaction is the correct options.
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The income of consumers has decreased. You know that canned meat is an inferior good. What will happen to the equilibrium price and quantity of canned meat
Answers
Answer:
Since canned food is an inferior good, as consumers' income decreases, the demand for canned food will increase.
Explanation:
When consumer income decreases, the aggregate demand curve shifts tot he left. This will decrease the consumption normal goods, especially luxury goods. But it will also increase the consumption of inferior goods, such as canned food, noodles, etc.
Which two of the following would be private restrictions on property rights?
A. taxation and police power
B. easement and eminent domain
C. escheat and easement
D. deed restriction and mechanic's lien
Answers
Option d: deed restriction and mechanic's lien are the two of the following would be private restrictions on property rights.
Property rights defines the theoretical and legal ownership of resources and how they are used/utilized. These resources are both tangible and intangible and can be owned by individuals, businesses, and governments.
In many countries, including the United States, individuals commonly exercise private property rights, or the right of individuals to collect, retain, delegate, rent, or sell their property.
In economics, property rights form the basis of all market exchanges, and the distribution of property rights in society affects the efficiency of resource use.
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What are the three levels of strategy in organizations?.
Answers
Answer: Here are the three levels of strategy.
Explanation:
The three levels of strategy are:
1. Corporate level strategy: This level answers the foundational question of what you want to achieve. ...
2. Business unit level strategy: This level focuses on how you're going to compete. ...
3. Market level strategy: This strategy level focuses on how you're going to grow.
depessed need someone to help me through a war
Answers
Answer:
Find the happy things in life :)
Answer:
what kind of war should i help you with ?
Discuss the expenditure method of measuring gross domestic product.
3.2 Explain any two (2) challenges of using gross domestic product as a measure of economic growth.
Answers
The expenditure method of measuring gross domestic product (GDP) is an approach that measures the value of all goods and services produced within a country's borders during a specific period. This method of measuring GDP focuses on the sum of expenditures on all final goods and services at current market prices. The expenditure method considers four broad categories of expenditure: consumption (C), investment (I), government spending (G), and net exports (NX).
The formula for calculating GDP using the expenditure method is as follows:GDP = C + I + G + NXWhere,C is consumption expenditureI is investment expenditureG is government expenditureNX is net exports (the difference between exports and imports)Now, let's discuss two challenges of using GDP as a measure of economic growth:1. Ignores income distribution GDP as a measure of economic growth ignores the distribution of income among a population. It only measures the total output of an economy, but not how it is distributed among people.
If GDP is growing, but the benefits of that growth are only going to a small group of people, then it is not a true indicator of economic growth. Ignores non-monetary factorsGDP as a measure of economic growth ignores non-monetary factors such as social welfare, environmental sustainability, and quality of life. These factors are critical to the overall well-being of a society and cannot be measured by GDP.
For instance, GDP does not take into account the negative impact of pollution on health or the depletion of natural resources.ConclusionGDP is an important measure of economic growth, but it has its limitations. It ignores income distribution and non-monetary factors, which are critical to the overall well-being of a society.
Therefore, policymakers should use GDP in conjunction with other measures of well-being to get a complete picture of the state of an economy.
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The balance in Discount on Bonds PayableGroup of answer choicesshould be reported on the balance sheet as an asset because it has a debit balanceshould be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest methodwould be added to the related bonds payable to determine the carrying amount of the bondswould be subtracted from the related bonds payable on the balance sheet
Answers
Answer: would be subtracted from the related bonds payable on the balance sheet
Explanation:
The discount on the bonds payable is simply a contra liability account which leads to a reduction in the balance that's in the bonds payable account.
The balance in Discount on Bonds Payable would have to be be subtracted from the related bonds payable on the balance sheet.
How does cultural knowledge help a company achieve success?
Answers
Over the past 150 years, the U.S. economy has endured a recession on average about every:
A) one to two years.
B) four to five years.
C) 10 to 15 years
D) 50 years
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Over the past 150 years, the U.S. economy has endured a recession on average about every: B) four to five years. Thus, the correct answer is option B.
A recession is referred to a significant, widespread, and prolonged downturn in economic activity. Generally, recession can be calculated as:
two consecutive quarters of negative gross domestic product (GDP) growth mean recession, although more complex formulas are also used. Economists at the National Bureau of Economic Research (NBER) measure recessions by looking at nonfarm payrolls, industrial production, and retail sales, moving beyond the simpler two quarters of negative GDP measure.
Recessions are a normal part of the economic cycle, and they occur when there is a decline in economic activity for a period of time. The U.S. economy typically experiences a recession every four to five years, though the length and severity of each recession may vary. Thus, the correct answer is option B.
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It’s in the picture pleaseee I need this today
Answers
Answer:
Could you make it bigger?
Answer:
What are u asking
Explanation:
List the basic elements of business plan
Answers
Answer:
Company Description
Market Analysis
Competitive Analysis
Marketing Plan
Sales Strategy
Explanation:
Mark me the brainliest if it helped
In economic analysis, any amount of profit earned above zero is considered "above normal" because:
a. this would indicate that the firm was at least earning a profit equal to its opportunity cost.
b. normally firms are supposed to earn zero profit.
c. this would indicate that the firm's revenue exceeded its accounting cost.
d. this would indicate that the firm's revenue exceeded both its accounting and opportunity cost.
Answers
The correct answer is c. This would indicate that the firm's revenue exceeded its accounting cost.
In economic analysis, any amount of profit earned above zero is considered "above normal" because it indicates that the firm's revenue (or sales) exceeded its accounting cost (which includes explicit costs such as wages, rent, materials, etc.).
Option a is incorrect because earning a profit equal to its opportunity cost does not necessarily mean the profit is "above normal." Opportunity cost represents the cost of the next best alternative foregone, but it does not directly determine whether a profit is considered normal or above normal.
Option b is incorrect because firms are not necessarily supposed to earn zero profit. In economic theory, normal profit refers to the minimum amount of profit necessary to keep the firm in operation, covering all costs including opportunity cost. Any profit above this level is considered above normal.
Option d is incorrect because it includes both accounting and opportunity cost, while only the accounting cost is mentioned in the question.
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why personnel management is important to an office?Explain in details.
Answers
Answer: See explanation
Explanation:
Personnel management can be defined as the the effective management of the employees in an organisation. The importance of personnel management to an office include:
• Personnel management helps in bringing the gap that exist between the performance of the employees and the objectives of the organisation.
• An efficient personnel management is important as it gives a company and edge over its rivals.
• A good and effective personnel management helps in the creation and the maintenance of a working environment that's harmonious.
"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.
Answers
Answer:
entrepreneurship for them and
How did Ray conduct marketing-information management?
Answers
HELP ASAP Many employees quit working for Burger Bliss after six months, and the
company wants to convince employees to stay longer. Which of the following
activities would best help the company retain workers?
O A. The company provides discipline for bad behavior like giving
employees days off.
B. The company recruits college graduates instead of high school
graduates.
C. The company better plans for the number of employees to hire.
D. The company tells employees that their work matters.
Answers
Answer:
D. The company tells employees that their work matters.
Explanation:
Every employer desires to attract and retain the best workers. Employees are more likely to stay in an organization for longer if they feel appreciated. Other than monetary compensation, employees feel motivated to work when their efforts and contributions are recognized.
Burger Bliss should let their employees feel important. They should communicate to employees both in words and actions how much the company values their input.
It has been reported that 40% of U.S. Workers employed as purchasing managers are females. In a simple random sample of U.S. Purchasing managers, 70 out of the 200 are females.
Answers
Answer:
a. Population proportion = 0.40b. Sample proportion = 0.35Explanation:
Question wants to know the population proportion and the sample proportion.
a. Population proportion:
The population in this case is the U.S. workers employed as purchasing managers. The proportion that we are interested in is the 40% that are female.
Population proportion is therefore 0.40.
b. The sample proportion uses the sample details not the population details:
= Number of females employed as Purchasing managers in sample / Number of Purchasing managers in sample
= 70 / 200
= 0.35
6. What type of force is your answer in number 4?
Answers
Answer:
What was your answer in number 4?
what is the difference between product value and unique selling proposition?
Answers
Answer:
USPs and value propositions often get confused
there under two different umbrella .
Keep in mind that your USP doesn’t have to revolve around a product detail (such as quality, features, or price). It can also call attention to a unique aspect of your business more broadly speaking (service, selection, speed, convenience, dependability, guarantees, customization, philanthropy, and so on).
Value propositions are longer statements than USPs because they express the tangible results or concrete outcomes (“benefits”) a customer experiences from using a company’s products or services. They serve to convince your target market they’ll get “value for their money” by describing exactly what that value is.
which of the following commodities is a product of the primary or extractive industry
A. Cars
B. Gold
C. Hair Processing
D . Houses
Answers
You have invested in a commercial building that you are leasing to a national retail chain. The tenant has signed a 10-year lease agreement that cannot be canceled. You expect to collect $8,000 per month for the full term of the lease. Payments occur at the end of each month. What is the present value of this investment if the interest rate is 12% and compounded monthly? (Use the PV function in Excel to calculate the answer. Do not round any intermediate calculations. Round your final present value answer to the nearest whole dollar) The present value of this investment is
Answers
You have invested in a commercial building that you are leasing to a national retail chain. The tenant has signed a 10-year lease agreement that cannot be canceled. You expect to collect $8,000 per month for the full term of the lease. Payments occur at the end of each month. What is the present value of this investment if the interest rate is 12% and compounded monthly? (Use the PV function in Excel to calculate the answer. Do not round any intermediate calculations. Round your final present value answer to the nearest whole dollar) The present value of this investment is
1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
Answers
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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hussain after doing his graduation has decided to run a retail shop as a source of livelihood. ii. He procures the goods from the wholesalers according to the consumer's demand and maintains a regular supply of goods to his customers. [5] TGIS-Raipur 4 / 5 iii. Customers are well satisfied with his services due to which his sales turnover is very high and he is earning a good return on his capital employed. iv. Seeing his Successful business, two other retailers have also opened their shops in the same area giving him tough competition reducing his market share and margin of profits. But Rohit knows, in spite of his best efforts put into the business, there is always the possibility of inadequate profits or losses. a. Identify the economic activity Rohit is engaged in. b. Enlist the features of identified economic activity with reference to the underlined words in each sentence given above.
Answers
A) Business is an economic activity.
B) features are profit earning- as it is essential for survival growth and expansion of business
Dealings in goods and services on a regular basis - and not merely one single transaction of sale or purchase.
The four major economic activities are resource management, production of goods and services, distribution of goods and services, and consumption of goods and services.
Agriculture, fisheries, mining, and forestry. Manufacture of finished products. Manufacture of technology, consumer goods, furniture, vehicles, and clothing. The provision of intangibles is commonly referred to as a service.
Economic activity is the activity by which people provide, produce, purchase or sell goods and services to meet their daily needs. Economic activity includes all activities related to the manufacture, sale, or use of products or services.
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A person who is involved in the process of creating and managing a business to achieve his or her desired objectives is engaged in
Answers
Answer:
entrepreneur
Explanation:
An entrepreneur is an individual who initiates the process of creating and managing a business entity with profit motives. They start with developing a business idea and transform it into a successful venture. Entrepreneurs assume the risks associated with starting a new business. They risk their capital, time, and energy with the expectation to make profits.
Entrepreneurs are creative and innovative people. They spot business opportunities where others don't. Entrepreneurs develop products and services that address the community's needs.
Stanford University tells students that they will "Grasp the forces driving the change," while students at Ryerson University are attracted by "Wisdom. Applied." What are these slogans used for?
Answers
Answer:
Element of culture
Explanation:
Culture is a broad term that is often used in sociology to describe a combination of suggestions, customs, and social behavior of a particular individual or society. The elements of culture include the following: symbols, language, standards, significances, etc
Hence, in the situation, the correct answer is that these slogans are used for the Element of Culture.