vu eco401 Mid Term Subjective Solved Past Paper No.4
vu eco401 Economics Solved Past Papers
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Strategic Planning offers ideas on how to match the organization's design to its products and capabilities, goals and resources. This process is much easier to execute once you have obtained a basic knowledge of exporting value-added food products, understand the marketing research process, and analyzed the elements of the marketing mix. Proper organization, both internally and externally, allow the firm to become more efficient in its operations and expansion.
After the information the first step in building a successful export strategy is determining the firm's readiness to export. The following are guidelines on preparing an export business plan, developing export marketing skills, designing a template for an export marketing plan and considering marketing tools prior to engaging directly in promotional activities.
To run a group brainstorming session effectively, do the following:
Find a comfortable meeting environment, and set it up ready for the session.
Appoint one person to record the ideas that come from the session. These should whiteboards, or computers with data projectors.
be noted in a format than everyone can see and refer to. Depending on theapproach you want to use, you may want to record ideas on flip charts,
If people aren't already used to working together, consider using an appropriatewarm-up exercise or ice-breaker.
Define the problem you want solved clearly, and lay out any criteria to be met.possible.
Make it clear that that the objective of the meeting is to generate as many ideas as
Give people plenty of time on their own at the start of the session to generate as many ideas as possible.
Ask people to give their ideas, making sure that you give everyone a fair opportunity to contribute.
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Low-cost producer in an industry can be especially effective when the market is Composed of many price-sensitive buyers, when there are few ways to achieve product differentiation, when buyers do not care much about differences from brand to brand, or when there are a large number of buyers with significant bargaining power The basic idea is to under price competitors and thereby gains market share and sales, driving some competitors out of the market entirely. Page#86
The 1st reason for acquisition and merger to combine is that they believe that synergy exist and by joining both of us can achieve something more than we can get individually.
Acquisition and merger join to spread its risks and exploit new markets.
Acquisition is essential for growth.
Companies seek an acquisition because they believe that a good investment is capable of generating a high return for the parent company's shareholders.
- Governments
- Suppliers
- Distributors
- Consumers
- Competitors
