Regarding positioning a product, when is competitive analysis most important?
A. when determining how to segment the market
B. when competitors all appear to offer lower priced options
C. when a product is unique compared to what other firms are offering
D. when selecting a target market for a product
E. when competitors all appear to offer a similar good or service
Answer: E
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Answer the following statements true (T) or false (F)
1. Fixed overhead volume variance is a flexible budget variance. 2. The direct materials cost and efficiency variances make up the total direct materials variance. 3. The total product cost flexible budget variance is obtained by adding direct labor efficiency variance and fixed overhead volume variance. 4. The total fixed overhead variance is the total of the variable overhead cost variance and fixed overhead volume variance. 5. When evaluating variances, exceptions can be expressed as a percentage of a budgeted amount or a dollar amount.
Retailers offer value -added services to both manufacturers as well as customers
Indicate whether the statement is true or false
Which of the following is preferred usage?
A) Anyone who wants to attend the conference must submit his registration form by April 30. B) Anyone who wants to attend the conference must submit their registration form by April 30. C) All those who want to attend the conference must submit their registration forms by April 30.
After evaluating all the alternatives and the costs of each, Vegpro Kenya decided the most efficient way to quickly get its fresh vegetables from Nairobi to European cities was to use air freight. Which of the following approaches was used by the firm in making this decision?
A. total cost B. layered C. sustainability D. EDI E. diagonal