Why is it important for a business to analyze the competition?
What will be an ideal response?
Analyzing the degree of competition facing a firm is critical to creating an effective marketing mix. A company operating in a monopolistic competitive environment will have a different marketing strategy than one operating in an oligopoly. The degree of competition affects a firm's production, pricing, promotion, and place (distribution) strategies. A successful business must be aware of the competition and always try to stay one step ahead.
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According to the text, which of the following is regarded as the most powerful ongoing training program in strong-culture firms?
A. Role models B. On-site training procedures C. Reward systems D. Organizational fundamentals
Which of the following scenarios carries the greatest risk of NOT being able to meet required payments (capital expenditure, dividend, interest and principal requirements) totaling $96 million?
A) Expected cash flow, $116 million, standard deviation $5 million B) Expected cash flow, $107 million, standard deviation $5.5 million C) Expected cash flow, $112 million, standard deviation $8 million D) Expected cash flow, $134 million, standard deviation $38 million