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How do you use information systems to beat your competitors?
Knowledge of what your competitor is doing or planning to do is the only way to beat your competitor. This would involve stuff like their current clients, prices, and also stuff like their future plans about their products, etc. All this is possible only through good information systems.
Can there ever be too much competition?
Yes, if too many companies or businesses offer the same services or products in the same area of town, there may be too much competition. They could lose money or go bankrupt.
Why gillette is so successful brand?
Gillette is a successful product because there few competitors. Schick is a competitor. Gillette has done allot of TV advertising and has a large grip on the shaving market. It also seems that their products work better.
Organizations can avoid financial difficulties by marketing products that generate a significant rate of growth in sales revenue... true or false?
true
Why is economic efficiency important to a free market economy?
Generally speaking, a company in a free market economy must set prices for its products that are "competitive" with other companies in the same line of business. If a company is inefficient in its operations, it won't be able to remain in the market of its competitors and may go bankrupt.
Can a company get bankrupt for selling unsafe products?
Yes, selling unsafe products can result in going bankrupt. Particularly if the company is the target of many law suits.
What is Feature Analysis?
The comparison of your product's features against competitor's competing products.
What following is a way that companies attempt to get consumers to buy their products instead of their competitor's products?
Branding. Product Placement Free Advertising
How do companies get consumers to buy their products instead of their competitor's products?
They use commercials, tv shows, social media and pay actors to show it.
What dolls and stuffed toys company is Mattel's largest competitor?
Mattel's closest competitor in the dolls and stuffed toys industry is Hasbro, Inc., many of whose products are geared towards boys.
How will you react to competitor challenges such as under pricing or new products that make yours obsolete?
Redefine your product and its purpose
What is an indirect competitor of a beauty salon?
An indirect competitor to a beauty salon is any store that sells products for shampooing, conditioning, coloring, cutting, perming, and styling your hair at home without the aid of a professional stylist.
What is Inferior But Marketable?
Tjob ofThe thinking behind this is that was that IBM produced inferior products,but did a better job of marketing them than competitor companies that produced superior IT products.
What is it call when an appliance manufacturer buys smaller competitor companies that make similar products?
horizontal expansion A+
What following is a way that companies attempt to get consumers to buy their products instead of their competitor?
Branding. Product Placement Free Advertising
Why competitor hate primerica?
Because they don't like how Primerica exposes the truth about their products. The competitors know their products are ripoffs, but they make their agents sell it as a great fantastic product. Primerica provides quality products that help families financially.
What is made in Oman?
There are no significant products made in Oman.
