Decide what you must know about (a) your future customers, (b) your future competitors, and (c)...

Decide what you must know about (a) your future customers, (b) your future competitors, and (c) other critical forces in the task environment if you are to be successful.

Expert Solution

jeff jeffy answered 1 year ago

WHO ARE YOUR COMPETITORS? Once you determine who and where your customers are, you must determine...

WHO ARE YOUR COMPETITORS? Once you determine who and where your customers are, you must determine whom you have to share them with. Find out if similar products are carried in retail outlets. Once identified, search for information on competitors in industry directories, either in print or online databases. WHAT PRICE DO THEY CHARGE? Establish what your competitors charge and list the selling points of their product or service. Try to find your industry's wholesale and retail prices. WHAT PRICE...

You will be graduating in two years and are thinking about your future. You know that...

You will be graduating in two years and are thinking about your future. You know that you will want to buy a house five years after you graduate and that you will want to put down $60,000. As of right now, you have $8,000 in your savings account. You are also fairly certain that once you gradu- ate, you can work in the family business and earn $32,000 a year, with a 5 percent raise every year. You plan to...

Your country needs to decide on a health care system. Based on what you know about...

Your country needs to decide on a health care system. Based on what you know about your economic, demographicand political situations, describe a health care system that would make the most sense for your country . Explain how this system will impact different segments of your population (rural/urban , poor/rich , male/female , etc). craft your thoughts into a coherent 250 word description of your ideal health care system Note You'll need to include at least one scholarly source

A manager must decide which type of machine to buy, A, B, or C. Machine costs...

A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost A $ 60,000 B $ 50,000 C $ 60,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Product Annual Demand Product Annual Demand Processing time per unti (minutes) A B C 1 25,000 1 1 5 2 14,000 1 6 3 3 20,000 1 3 4 4 6,000...

(a) Define ‘trade secret’. (b) What must you do to protect your company’s trade secrets? (c)...

(a) Define ‘trade secret’. (b) What must you do to protect your company’s trade secrets? (c) Do you think all wrongful taking of protected trade secrets should be a crime, punishable by criminal fines and prison? Or would civil (tort and/or contract) remedies provide enough protection? Explain your views.

You are about to shoot a shell with an artillery. You must decide which targets you...

You are about to shoot a shell with an artillery. You must decide which targets you can hit. Your muzzle velocity is 980 m/s and your shell is aerodynamic enough to ignore the drag. What is the maximum range if you are attempting to hit a target at the same elevation as you? What is the maximum range if you are attempting to hit a target that is 50 m below in elevation as you? What was the flight time...

How does a company identify its competitors? What do marketing managers want to know about the...

How does a company identify its competitors? What do marketing managers want to know about the companies identified as competitors?

In understanding "where we are now", businesses must identify customers, competencies, and competitors. Explain this concept...

In understanding "where we are now", businesses must identify customers, competencies, and competitors. Explain this concept using an example.

Your firm is considering investment projects, A, B, and C. Given the budget constraints, you must...

Your firm is considering investment projects, A, B, and C. Given the budget constraints, you must choose either A or B, but not both. Project A will provide a net return of either $40, $50, or $60, respectively, depending on whether there will be a recession, normal conditions, or a boom. The figures for Project B are $20, $30, or $80, respectively. Project C’s figures are: $30, $40, or $70, respectively. Forecasts indicate that, given the current trends in appropriate...

How well do you really know your customers? And how well did they want to know...

How well do you really know your customers? And how well did they want to know you right?

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