Niche markets Study guides, Revision notes & Summaries

Industry conditions Competitive pressures Market standing vis-à-vis rivals Competitive strengths and weaknesses What is the firm's present situation? New buyer needs to satisfy •Growth opportunities to pursue •Markets to deemphasize or abandon •How to measure success What direction to head and what performance targets to set? Strategy for competing successfully How to attract customers Deciding what market position to stake out Actions to achieve performance targ...

FIN2603 Exam Study Notes. Latest Document. The Financial goal of a firm. 1. Introduction. • Firms exist because they satisfy a need by providing a product or service. • Firms do not only meet the need for consumers but also the needs of other firms. • The emphasis on customers needs and on providing a quality product/service to meet the needs of customers is normally stated in the firms mission statement. • Mission statement - describes the fundamental purpose that sets a firm ap...

visitor attractions are permanent and charge admission. attract tourists. include natural, cultural, or built assets with visitor experiences buildings converted for visitors castles, monuments, historic houses, archaeological sites museums and galleries art, cultural, historical natural sites gardens, natural parks, forests, beaches, caves religious sites religious buildings, pilgrimage centers visitor centers cultural, industrial, transport, heritage (ex. Grand Central Station) the...

What is the blue ocean strategy correct answers go where the profits and growth are and where the competition isn't Technology and Globation correct answers -info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently correct answers -Iphone in 2007 (1 billion units have been sold) -Ipad in 2008 (4...

What is a Business? - Answer-an organization that provides goods and services to earn a profit What is a nonprofit? - Answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - Answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - Answer-- employment -production of goods/services we want/need - innovation of new goods/services - community leadership/suppor...

STCO 546 Midterm Exam Questions With Answers (Latest Update 2023/2024 Graded A+). Which of the following completes the sentence: '______ describes a process that harnesses the collective knowledge of a large group of people to solve problems and complete tasks'? Selected Crowdsourcing Answer:  Question 7 2 out of 2 points Vertical networks are sites designed around object sociality. They are most comparable to ______ in the physical world. Selected Answer: Niche-markets.  Que...

What is the blue ocean strategy correct answers go where the profits and growth are and where the competition isn't Technology and Globation correct answers -info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently correct answers -Iphone in 2007 (1 billion units have been sold) -Ipad in 2008 (4...

Business-Level Strategy - a plan that indicates how a division intends to compete against its rivals in an industry Corporate-Level Strategy - A plan that indicates in which industries and national markets an organization intends to compete. Emergent-Strategy - any unplanned strategic initiative bubbling up from the bottom of the organization Functional-Level Strategy - Strategic scope and direction at the operating division, department, or project level. This type of strategy is driven b...

ANSC 1401 - TTU (Lab Final Review) Questions with Complete Solutions Which of the following situations would likely lead to agitation or excitement of a gregarious animal? separation from the group Which of the following might be a reason for working cattle through a squeeze chute? ear tagging, vaccination, and palpation Which of the following animals would likely have the largest flight zone? extensively raised cow True or False: Livestock will rarely balk or hesitate to move fr...

______ are arguably the most socially important healthcare products pharmaceuticals pharmaceutical development is a high risk undertaking, many promising leads prove dissapointing Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full screen pharmaceuticals medicines and vaccines for human and animal use (brand name or generic, prescription or OTC) diagnostic equipment and supplies used in screening, detect...