a. heterogeneous shopping b. specialty c. homogeneous shopping d. convenience e. business ANS: B Williams Sonoma brand kitchen wares are expensive and no substitutes are acceptable to this consumer. PTS: 1 REF: 154-155 OBJ: 10-2 TYPE: App TOP: AACSB Reflective Thinking | TB&E Model Product 27. Evan Zimmermann loves watches. He collects vintage Rolex sport models made between 1950 and 1960. He paid $1,500 for his first watch in 2000. Now, the watch is worth $15,000. For Evan, the vintage watches are an example of a(n) _____ product. a. specialty b. consumer c. convenience d. business e. unsought ANS: A The fact that Evan will only purchase the vintage Rolex sports watches made between 1950 and 1960 shows that the watches are a specialty product. PTS: 1 REF: 154 OBJ: 10-2 TYPE: App TOP: AACSB Reflective Thinking | TB&E Model Product 28. When deciding on distribution plans for specialty products, companies generally ensure that the items are: a. made available only as private brands b. made available in a large number of stores in a geographic area c. made available only through the mail d. distributed to a considerable number of stores in a geographic area e. distributed to only a few stores in the geographic area ANS: E Specialty products are searched for extensively, and substitutes are not…
2. They need to figure out what their company has to offer in comparison to their competitors. What’s their competitive edge?…
The new Hostess is establishing only three bakeries, located in Indianapolis, Columbus, and Emporia. The plan behind this idea is to make these three factories as efficient as possible with streamlined production and a $20 million Auto-Bake system. This is the fastest and most efficient system to get the job done, requiring only 500 employees to produce over 400 million Twinkies a year. Bertoni compares the new Hostess output to their past, “output that under the old regime required 14 plants and 9,000 employees”(Bertoni, 2015). The innovation is responsible for Hostess’s competitive advantage, something they didn't have before. Another change that Hostess wants to develop sometime in the future is having the company go public, “Our plan would be to make it a public company”(Jargon 2015). Top management, in this case the CEO, is developing a strategic goal, that when the time is right, will be implemented. With the new strength behind Hostess’s production innovation and new goals being developed by top management, prospects are looking up for the once failing company.…
In this work MKT 421 Week 3 Learning Team Marketing Plan Phase II you can find solution of the following task:…
5 . By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?…
4. Determine the best possible pricing strategy for at least one of the products or services offered by…
6. The economics problem is essentially one of deciding how to make the best use of…
We decided to initiate a Bakery with the name and style of LadyDi’s First Class Bakery, Our bakery will provide freshly prepared bakery and pastry products at all times during business operations. Six to eight moderate batches of bakery and pastry products will be prepared during the day to assure fresh baked goods are always available. We strive to be a leader using the latest technology and engineering to carry us into other areas such as new products or new automated equipment. We are committed to a safe work environment for all those employed. We believe growth is necessary to provide opportunities on an ever increasing scale for our people. Therefore, we are dedicated to profitable growth, growth as a company, and growth as individuals.…
“Brownies,” by ZZ Packer is about a Brownie troop of fourth-grade African American girls from suburban Atlanta, Georgia, who go to summer camp. (Gale) At the camp, they have an altercation with another troop called troop 909 which were all white girls. They believed that one of the white girls addressed them with a racial insult by calling one of them the “N” word. Apparently they feel offended and seek revenge. So, they decide to beat up the white girls to resolve the conflict. Eventually they find out that the girls from troop 909 are mentally challenged. (Gale) The story “Brownie” by ZZ Packer demonstrates reverse racism and emphasizes the issues of hypocrisy and double standards.…
4. Discuss, using appropriate theory and examples from any industries and countries of your choice, how a manager would deal with a brand that needed:…
b) Strengths – healthy and tasty, low start up costs, high demand product, relaxing environment, student owned, large traffic, providing service isn’t found in area…
2. Evaluate the achievability of the company objectives for Montreaux USA. Identify the most salient aspects of the chocolate confectionery industry, globally and domestically, that bear on a new product introductiom. Provide support for your conclusions.…
Driving concept: to provide a premium specialty bakery and café experience to urban workers and suburban dwellers.…
Bakery as an open system of organisation need raw materials in making bread and building bakery and its facilities, human resources, capital, technology and information as its inputs. Raw materials includes the following inputs, with the corresponding employees’ work activities as processes and the result or outputs:…
The Parle unit deals with the wastage from two main sources. Firstly, the biscuit unit and secondly from the wafer unit.…