Question

In: Economics

What are the key make or buy success factors?

What are the key make or buy success factors?

Solutions

Expert Solution

  • Key make are the combination of facts .
  • To accomplish desirable business goals.
  • Key success factors also known as critical success factors.
  • The term for elements necessary for an organization to achieve its goals.
  • There are several key success factors in a business.
  • Like marketting,investment, skills etc.
  • Our business may have unique critical success factors.
  • Like domain, building of property in the middle of the desert.
  • A variety of critical success factors lead our business..
  • In the right direction.
  • And offers success to us.
  • Key success factors functions
  • Activities or business practices.
  • Defined by the market not the company.
  • Viewed by customers.
  • Critical to the company.
  • They are generally three factors to five areas:-

1. Brand image:-

  • Consumer's perception of a brand.
  • Successful Brand image for a customer.
  • The brand image grew in popularity.
  • Evidences proved that the emotions associated with brand .
  • Were key in buying influences.

Marketting development:-

  • Strategy of offering existing products to new markets.
  • Increasing sales by developing new customer group.
  • Market ranging from targetting customers.
  • Focussing on a fresh, section of the market.

Marketting strategy:-

  • Decisions on organization makes satisfy its target market.
  • Support the organizations overall business strategy.,

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