Answer:
C. If consumers are informed about products, prices, and costs across countries
D. If consumers are particularly important to the seller
YES. As having a complete information will allow for arbitrage between areas and if they are a big fish of the seller business the seller will be less likely to roll-over the consumer in negociation.
Explanation:
A. If switching to competing brands or substitutes is expensive
NO. If switching is expenses then, the exit-barrier is higer thus, less bargaining power as we are less likely to leave
E. If consumer demand is rising
NO. Is demand rises then the supplier will have bargain power as it has where to sale the product if we leave
Answer: Yes
Explanation:
Even though the scrubber system is expensive, it is worth it as it is improving human health in the society. This will count towards the sustainable development of the society as well as the social responsibility of the company.
And if the company is worried about profits, installing this system will show that they care about the society and its people which will probable increase their customer base when they include this deed in their marketing campaigns. People generally love a "compassionate" company so this is a strong likelihood.
Answer:
Explanation:
simple interest formula: I = PRT
850=4200*2*(R)
850=8400*R
850/8400=R
Rate = .1011904761904762
Situations and scenarios affects the ability of managers to make rational decisions.
Let understand that an approach of making rational decisions is based on obtained data which effectively allows decision-making, thereby reducing chances of errors, assumptions and all causes for poor judgments
- Thus, the main key for decision-making strategy is information and data management.
- The problem cited by Hebert Simon is because some of decision made by managers are based on assumptions.
In conclusion, quick and rational decisions should be embraced by manager although its requires keeping a track of information and data of different scenarios.
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Explanation:
Market pull can be defined as a strategy in which the organization develops a new product or service for customers to look for the company, which means bringing customers closer and gaining the advantage of loyalty and increasing the customer base.
The first example shows the market pull by developing a consumer need such as high-speed internet to replace a slower internet, that is, the company attracted consumers from a need that was not met in the market.
The advantages of this strategy are consumer loyalty
, and the disadvantages may be the difficulty in designing a new product that meets the real needs of consumers and is well accepted in the market.
The "technology push" is the strategy used when companies are already recognized in the market enough to influence the demand for their products and services, and then launch new technological products with the expectation of creating the need in consumers from the value that the company have on the market.
The advantages of this strategy can be the increase in the brand value in the market, and the disadvantages can be spent on technological developments that may not be well accepted by consumers.
