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What is the most common way firms differentiate between consumer group?
based on age and gender
What ia the most common way firms differentiate between consumer groups?
Firms commonly differentiate between consumer groups using demographic segmentation, which includes factors such as age, gender, income, education, and family size. This approach allows businesses to tailor their marketing strategies and product offerings to meet the specific needs and preferences of different demographic segments. Additionally, firms may also consider psychographic factors like lifestyle and values to further refine their targeting.
An important principle for firms desiring to export is?
A) sell to countries with high standards of living.
How does product customization achieve the speed and efficiency of mass production?
this much faster time to market ad customizing capability is beginning to provide American firms with tremendous advantage over foreign competitors including the japanese, who seem bewildered by this new development.
What are the benefits and costs of involving customer and suppliers in the development process?
there is increasing evidence that involving suppliers in new product development (NPD) is important, and for many firms even inevitable, there is also evidence that not all such efforts are successful. Firms aiming at implementing this strategy effectively have to pay close attention to several contingency factors on the organizational level and properly manage supplier involvement on the project level. The exploratory case study research underlying this article explores key issues to be considered when involving suppliers in NPD and the counter measures they can take. Our research shows that companies differentiate between so-called "know-how" and "capacity" projects, and that they manage them differently. Furthermore, this research shows that firms outside the automotive and high-tech manufacturing industries are likely to intensify supplier involvement in the future
Why is it important for the firms to differentiate themselves from competition?
It is necessary. But, at the end of the day I found its amazing.
What is the importance of competitors within firms?
it is to improve the competency of all firms in providing goods and services to the general public.
Is licensing proprietary technology to foreign competitors is the best way to give a firms competitive advantage?
Licensing proprietory technology to foreign competitors is the bes way to up a firms competitive advantage discuss
What is the most common way firms differentiate between consumer group?
based on age and gender
What are the major elements of specific environment and how each elements impacts firms?
CUSTOMERS SUPPLIERS regulators competitors
Why people use going-rate-pricing for their business?
Most firms are influenced by the prices that their competitors are charging.A business cannot ignore the prices being charged for similar goods by other firms in the same area.The normal situation is for firms in the same area to charge similar prices.A business that charges higher prices than its competitors would soon be out of business.
What does heightened competition mean?
Heightened competition refers to an increase in the number of competitors within a market or industry, leading to intensified rivalry among businesses. This can result in companies striving to improve their products, services, and pricing strategies to attract and retain customers. Consequently, heightened competition can drive innovation and efficiency but may also lead to reduced profit margins for businesses. Overall, it creates a dynamic environment that challenges firms to differentiate themselves.
What are some Executive Search Firms in NC?
RSI Charolette is one of the biggest search firms in all of North Carolina. It has the most employees and is highly rated compared to its competitors in the area.
The concept of competitive advantage in business organizations?
A Competitive advantage describes the ability of a firm to be better at something than all other firms in that industry. This advantage allows the firm to differentiate their product/themselves by being 'better' than their competition. Not to be confused with comperative advantage, which focuses on a firms ability to be better at something COMPARED to another firm.
What is the environment of business firms?
These include customers,competitors, suppliers, government, and the social, political, legal and technological factors etc.
How firms compete with each other and how they attain and sustain competitive advantage is the essance of what type of management?
The essence of how firms compete and achieve sustainable competitive advantage falls under strategic management. This field focuses on the formulation and implementation of major goals and initiatives, taking into account resources and the external environment. By analyzing competitors, market trends, and internal capabilities, firms can develop strategies that differentiate them and create value. Ultimately, effective strategic management enables organizations to adapt and maintain their competitive edge over time.
What factors do firms have to take into account when promoting goods in?
the costs to be involved in promoting it the target population the competitors in the market the potential of the consumers
