Commoditization Study guides, Class notes & Summaries

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...

CISA EXAM 1|45 Questions with Verified Answers 1. An IS auditor should expect which of the following items to be included in the request for proposal (RFP) when IS is procuring services from an independent service provider (ISP)? A References from other customers B Service level agreement (SLA) template C Maintenance agreement D Conversion plan - CORRECT ANSWER The answer is A An IS auditor should look for an independent verification that the ISP can perform the tasks being ...

ExDM Exam 5, Review Questions and answers, rated A+ What are the 5 components of an experience? - -1. Planning 2. Anticipation 3. Travel 4. Experience 5. Remembering Commoditization - -Pressure to make things cheaper; prices that might be charged to get the best value; products differentiated only by price ie gas, milk, paper towels Customization - -differentiate product based on something other than price to sell at premium; tailored to one person commodity - -taken from the eart...

QUESTIONS AND ANSWERS

Chain Management Final T/F A United Nations (UN) commission defined sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." - TRUE The UN introduced a framework identifying economic, environmental, and social sustainability as the "three pillars" of sustainable development. T/F - TRUE Walmart started its focus on sustainability as a defensive move given the criticism it was receivi...

Chapter 01 Globalization True / False Questions 1. Globalization refers to the shift toward a more integrated and interdependent world economy. True False 2. Tastes and preferences of consumers in different nations are beginning to converge on some global norm. True False 3. A company has to be a major multinational corporation to facilitate, and benefit from, the globalization of markets. True False 4. Because of globalization, companies rarely need to customize marketing strategies...

CISA EXAM 1|45 Questions with Verified Answers 1. An IS auditor should expect which of the following items to be included in the request for proposal (RFP) when IS is procuring services from an independent service provider (ISP)? A References from other customers B Service level agreement (SLA) template C Maintenance agreement D Conversion plan - CORRECT ANSWER The answer is A An IS auditor should look for an independent verification that the ISP can perform the tasks being ...

Revenue Management Final Exam Questions with Correct and Verified Answers Revenue - Correct answer The total amount of sales achieved in a specified time period" "Revenue is calculate as: - Correct answer Number of Units Sold x Unit Price" "Effective managers of an organization's revenues MUST do three things - Correct answer 1. Understand the importance of revenue management 2. Understand the many complex factors that influence revenue management strategy and tactics 3. Beco...

Hospitality Revenue Management final exam review Question & Answers What is the industry term used to describe the sum of prices paid by a business's customers? - Correct answer total revenues" "Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Correct answer costs" "What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Correct answer profit=sales-costs" "What is the name for the net value achieved by b...

FINC 112 Chapter 6 The Marketing Program QUESTION ANSWERS WITH REFERENCE MULTIPLE CHOICE 1. refers to the strategic combination of the four basic marketing mix elements. a. The marketing plan d. The strategic mix b. The marketing program e. Implementation c. Strategic control ANS: B PTS: 1 DIF: Difficulty: Easy NAT: BUSPROG: Analytic STA: DISC: Strategy TOP: A-Head: Introduction KEY: Bloom's: Knowledge 2. Most firms today compete in mature markets characterized by commodi...