Chapter 158 Distributions to Shareholders: Dividends and Repurchases ANSWERS TO END-OF-CHAPTER QUESTIONS 158-1 a. The optimal distribution policy is one that strikes a balance between dividend yield and capital gains so that the firm’s stock price is maximized. b. The dividend irrelevance theory holds that dividend policy has no effect on either the price of a firm’s stock or its cost of capital. The principal proponents of this view are Merton Miller and Franco Modigliani (MM). They
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Skagen Designs: Becoming an international player in designed watches Towards the end of 2006 Charlotte and Henrik Jorst can look back at 15 hectic‚ but successful years. Their company was founded in an apartment in New York‚ from where its first marketing efforts took place. The two entrepreneurs started selling relatively expensive watches bearing a logo that American companies might use as company presents. During the Gulf Crisis it was‚ however‚ very difficult to sell watches in that price range
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Channels of Distribution Lesson 20 Channels of Distribution Are you aware that the study material of Business Studies‚ which is now in your hands‚ is prepared at the headquarters of the National Institute of Open Schooling (NIOS) situated at New Delhi. How did it come to your hands? Was it available at your study centre or you bought it from the market? If you got it from your study centre‚ then just think for a while: how did it reach your study centre? Actually‚ after publishing the
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Chapter – 1 Market – driven strategy What is strategic marketing ? Ans : Marketing is the process of identifying ‚ creating & delivering customer value in exchange of profit . In other sense ‚ Marketing is managing profitable customer relationship . Strategic marketing is the concept of developing market driven strategy to develop superior customer value & long term customer relationship . Why we need to know about strategic marketing ? Ans : In a competitive situation each
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seven major sectors which is growing in many sectors 7 Step Framework Model We have used 7 step framework to formulate the strategy to enter into African market. The frame work helps in understanding the following things. Market Opportunities: Understanding our target market‚ Value proposition: What expertise we have to offer‚ Market entry strategy: How do we enter the market with minimal risk‚ Sourcing our projects: locally or import?‚ Manufacturing: How do we implement our projects?‚ Synergize:
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Analyse the turbulent background and market failings of the company in the 1990s in comparison with today’s current successful marketing strategies‚ tactics and new direction of ‘Marks & Spencer’ In the mid 1880’s Michael Marks established a small penny bazaar‚ this was to be the beginning of a highly anticipated British success story‚ however in the midst of there success was an unfortunate decline. Tom Spencer formed a partnership with Marks to create the company Marks and Spencer. The first
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Go to Market Strategy Chapter 4: Aligning With Your Customers What causes a product‚ channel or marketing initiative to fail? They never start with the customer. The success of every decision you make depends on how well you understand your customers. Their specific needs must shape and define your products and services. The Two Traps You Absolutely Must Avoid 1. The ’no research’ trap • Decisions based on ’gut feeling’ • If research is done‚ it’s by purchasing third party reports • Example:
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Journal of Business Research 51 (2001) 61 ± 72 The impact of market and organisational challenges on marketing strategy decision-making: a qualitative investigation of the business-to-business sector Denise Jarratta‚*‚ Ramzi Fayedb‚1 a School of Marketing and Management‚ Charles Sturt University‚ Bathurst 2795‚ Australia b International Marketing Institute‚ Level 8‚ 25 Bligh Street‚ Sydney 2000‚ Australia Received 1 December 1998; accepted 2 December 1998 Abstract Technological advances
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distributed and the challenges faced using the various channels of distribution. INTRODUCTION A service can be defined as an essentially intangible benefit either on its own right or as a significant part of a tangible product which through some form of exchange satisfies an identified need (Palmer‚ 2001). From the dictionary it is said to be a system or organization that provides for a basic public need. Distribution is the process of making a product or service available for use or consumption
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Target Market Selection and Positioning Strategy Forever Fitness will enter into Brisbane’s already thriving fitness industry‚ a market that has been steadily growing as the population’s interest in keeping fit and healthy increases. However‚ while a vast majority are gyms and clubs with a wide audience‚ there is not much of a provision of establishments focusing on the needs of the elderly‚ as mentioned previously with Green Apple Wellness Centre in Bald Hills being the only registered elderly
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