Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 1.9AE
Summary Introduction
To determine: The degree of competition each store faces in its immediate environment.
Introduction:
A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Consider the following scenario and then answer the questions that follow:You intend to open a car battery sales and service store in a centre featuring two used cardealerships. You intend to differentiate your business based on excellent customer service.
Three types of business are found, namely: generative business, sharedbusiness and suscipient business. Identify your type of business and justifyyour choice by using examples.
A retail chain is considering expanding into a new market. What factors should they consider before making this decision, and how can they determine if the new market is a good fit for their business?
You have opened a clothing showroom in your area, a few years later, your business is thriving, and you want to open another showroom in another area. What difficulties would you encounter if you were to conduct your business from two locations?
Chapter 1 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 1 - Prob. 1.1QRCh. 1 - Prob. 1.2QRCh. 1 - Prob. 1.3QRCh. 1 - Prob. 1.4QRCh. 1 - Prob. 1.5QACh. 1 - Prob. 1.6QACh. 1 - Prob. 1.7QACh. 1 - Prob. 1.8QACh. 1 - Prob. 1.9AECh. 1 - Prob. 1.10AE
Ch. 1 - Prob. 1.11ACh. 1 - Prob. 1.12ACh. 1 - Identify a product, either a good or a service,...Ch. 1 - Prob. 1.14ACh. 1 - Prob. 1.15TECh. 1 - Prob. 1.16TECh. 1 - Prob. 1.17TECh. 1 - Prob. 1.18TECh. 1 - Prob. 1.19EECh. 1 - Prob. 1.20EECh. 1 - Prob. 1.21EECh. 1 - Prob. 1.22CCh. 1 - Prob. 1.23CCh. 1 - Prob. 1.24CCh. 1 - Prob. 1.25CCh. 1 - Prob. 1.26CCh. 1 - Prob. 1.27CCh. 1 - Prob. 1.28CCh. 1 - Prob. 1.29CCh. 1 - Prob. 1.30CCh. 1 - Prob. 1.31CCh. 1 - Prob. 1.32C
Knowledge Booster
Similar questions
- Look at advertisements for a two-bedroom apartment in 23518 zip code using a real estate listing website like Zillow.com.Links to an external site. Be sure to specifically search for rental properties. What is the price range for apartments shown? What amenities do the highest-priced apartments have that the lowest-priced apartments do not have?arrow_forwardChoose from the following agricultural/agribusiness industry that you are interested with. Be specific. Animal production or livestock industry Plant/horticulture industry Crop industry Fishery Others ( be specific) After choosing an industry, you are asked to research about it and be able to answer the following questions: How attractive is the market? In what way are competitors expected to respond if you enter the market? What is the current size of the market and how large is it expected to become? What are the current and projected growth rates?arrow_forwardAssume your company makes Laptop and Computer products. Make a list of all the companies that could be potential customers of your firm. Then identify all the markets from which their demand is derived. What factors might influence the success or failure of your business in these markets?arrow_forward
- Review the following hypothetical scenario and answer the following question: We are increasingly concerned about Over-the-Top programming. With HBO and Showtime offering their programming directly to consumers and some sports networks (e.g., NFL and MLB) considering the same, we are concerned that we might lose subscribers. We need to know how losing subscribers would affect existing networks and whether it might impact their decision to market directly to consumers. It would assist us if you would identify whether there are any network effects in the decisions of cable customers to “cut the cord” and networks to provide OTT programming. If more networks sell directly to consumers, how will this affect the demand for our cable television services? Also, will it impact the decision made by other networks. Finally, are there any strategic moves that we should be making to counteract this trend?arrow_forwardTake a trip to a shopping centre, mall or district within your community. Choose a retail store within this centre, such as a department store, DIY store, clothing shops or supermarket. The store you choose must be one that has the products displayed on shelves and which would allow shoppers to enter and walk around the aisles to view the products close up. Alternatively, you can visit your favourite supermarket so long as it allows you to enter the store, walk around the aisle and pick up your own grocery. Step 2: Once you have identified the store, enter the store and choose a product category within the store. Visit the product category and choose one product from this category to answer the follow questions in relation to that product Your Tasks Answer the follow questions in relation to that product which is Chebe hair shampoo Questions (1) Describe the product that you have chosen (2) Comment on the information provided on label (Informational or promotional)…arrow_forwardWhat are your personal and business goals if you are selected to own a business and be a delivery service partner with Amazonarrow_forward
- What would be the best questions comparing potential market, available market, qualified available market, and served market for a business?arrow_forward(Don't find answers in google) (Answer it in your Own perspective) The company brews and bottles a specialty tea beverage. The tea is rich in vitamins, anti-aging nutrients, and natural anticarcinogens. The tea is expensive to brew and has a suggested retail price of $3.00 per 16 oz. bottle. The company is located in your town. It can produce 5,000 bottles per day and DOES NOT SELL THE TEA DIRECTLY TO CONSUMERS. (I cannot sell this product directly to the consumer so it will be sold by Business to Business like retailers ,some store etc.) The strategic prospecting strategy should include: • How leads will be generated? • How leads will be qualified? • How sales prospects will be prioritized?arrow_forwardWhy is starting a business to solve a problem or need important?arrow_forward
- Calculate the approximate relative market share of a company whose market share is 76%, while the market shares of its three largest competitors are 13%, 22%, and 26%.arrow_forwardless profitable customers become more profitable when switched to ABC. Explain how this possibly occurredarrow_forwardChoose an organization that creates products that are sold to other businesses and uses at least two different sales channels (the organization may or may not use any intermediaries). Briefly describe the organization, its target market, its competitive situation, and the products that it produces (NOTE: If the company is very large and produces many diverse product lines, you should narrow your focus to just one division or product line of that company). Classify and describe the multi-channel distribution system for the product line and assess the appropriateness of its design in relation to its desired service output levels (e.g., lot size, waiting time, spatial convenience). Discuss the role that business-to-business e-Commerce plays in the marketing channel associated with the selected organization (e.g., eCommerce involving business-to-business transactions). Explain how the distribution system does or could operate as an integrated logistics system (i.e., use of information…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON