What is company market

Assignment Help Operation Management
Reference no: EM131375345

What is a company’s market? Identifying a company’s market is an important but sticky issue. In general, a market is a group of potential customers with similar needs who are willing to exchange something of value with sellers offering various goods or services—that is, ways of satisfying those needs. However, within a general market, marketing-oriented managers develop marketing mixes for specific target markets. Getting the firm to focus on specific target markets is vital. Please explain.

Reference no: EM131375345

Questions Cloud

Determine the marketing strategy for this new product : Create a new product that would appeal to your market. Develop at least one question for each characteristic of the target market (demographic, geographic, psychographic, and behavioral) that will be important for you as you determine the marketing s..
Market is crucial-requires good understanding of customers : Product type should meet customer needs Product type describes the goods and/or services that customers want. Sometimes the product type is strictly a physical good or strictly a service. But marketing managers who ignore the possibility that both ar..
Construction firm was the low price bidder on plan : Your construction firm was the low price bidder on a plan to build three new runways at an airport. After winning the contract, you assured the airport commissioner that your work would far exceed the minimum quality specs in the contract. With or wi..
From generic markets to product-markets : From generic markets to product-markets To understand the narrowing-down process, it’s useful to think of two basic types of markets. In contrast, a product-market is a market with very similar needs and sellers offering various close substitute ways..
What is company market : What is a company’s market? Identifying a company’s market is an important but sticky issue. In general, a market is a group of potential customers with similar needs who are willing to exchange something of value with sellers offering various goods ..
What are the main challenges for change in organization : What are the main challenges for change in an organization? Identify examples within the case study below that relate to the challenges listed in question one?  The Board concluded that the post-Challenger changes “were undone over time by management..
Decision logic is critical part of requirements collection : Accurate recording of decision logic is a critical part of requirements collection. Decision tables offer a regular approach to managing the rules (conditions and actions) on which decisions are based. Walk through the discovery and analysis of a sim..
Fighting little fires within the existing operation : Sandwich Blitz Scenario: As part of your reading you were introduced to the business case study, Refer back to the description of the company and to your textbook reading on “Levels of Planning.” The business is owned by Dalman Smith, who is the Pres..
How is critical thinking defined : How is critical thinking defined? Provide a detailed explanation that demonstrates clear, insightful critical thinking. How can you apply critical thinking in your work? Provide a detailed explanation that demonstrates clear, insightful critical thin..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Advisable to place an illustration next to every major

It’s advisable to place an illustration next to every major step in instructions when

  Discuss the ethics of continuing to do business

Discuss the ethics of continuing to do business with this firm. In this discussion evaluate the economic, legal and ethical issues. Describe how a written code of ethics might impact your decision.

  Life choose event in your personal or professional life

Applying the Challenges of the Reputation Lens in Your Life Choose an event in your personal or professional life where you applied the reputation lens. This exercise will focus on the weaknesses of the lens as they apply to you and your situation. D..

  Operations management function

Which of the following is the best statement about the operating environment in which operations management function?

  Atmosphere of productivity paradox

Reflecting on your own experience, share a time in which you worked in an atmosphere of productivity paradox. What are some ways that an IT or Systems Manager can avoid this environment

  Performance practice and decision-making

Briefly describe the organization. What makes W.L. Gore successful? What is unique about the way the company is led? What type of management style does CEO Terri Kelly use? Is this any different than the styles of the founders? What organizational be..

  Bull how will you explain this situation to the project

a military project specifies a lighting fixture that is unique and is the centerpiece for a large conference room. the

  The importance of an integrated revenue cycle team

Anywhere Hospital’s CFO for the past 20 years, Jim Smith, just retired. He worked for the hospital for 40 years and was greatly respected by his staff. The hospital governing board has hired a new CFO, Todd White. Jim Smith utilized the silo approach..

  Firm as result of having lost this competitive advantage

What happened to cause blockbuster their competitive advantage to be lost? What happened to the firm as a result of having lost this competitive advantage?

  Paper on a construction-related fall accident

You are asked to prepare a Research Paper on a construction-related fall accident. To prepare you for the Research Paper, you will need to gain some knowledge and familiarity of construction accidents

  Shippers and carriers mitigate their impact on environment

Sustainability and the environment have captured the attention of ordinary citizens and also of shippers and carriers. What is the nature of the concern? How can shippers and carriers mitigate their impact on the environment?

  Marketing communications tools and promotional activities

Analyze how Walmart integrates its marketing communications tools and promotional activities. Your essay should display the following: Appreciation of the significance of the concept of integrated marketing communications (IMC) and its impact on mark..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd