What Is a Product Mix? Product mix‚ also known as product assortment‚ refers to the total number of product lines that a company offers to its customers. For example‚ a small company may sell multiple lines of products. Sometimes‚ these product lines are fairly similar‚ such as dish washing liquid and bar soap‚ which are used for cleaning and use similar technologies. Other times‚ the product lines are vastly different‚ such as diapers and razors. The four dimensions to a company’s product mix include
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(1991)‚ “product differentiation is one of the pervasive features of modern economies” and “most of the real world markets are characterised by product differentiation”. Goods‚ even if they satisfy identical needs‚ are not always identical‚ homogenous. At the same time‚ consumers are not identical either: they can have different willingness to pay (or income) and different preferences regarding some product characteristics. The literature distinguishes between horizontal and vertical product differentiation
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affected by a company’s actions. 3. Identify the four main sources of business ethics‚ and describe four rules that can be used to help companies and their employees behave ethically. 4. Describe some methods companies can use to strengthen their ethical rules and positions. 5. Appreciate the important ways in which a nation’s business laws and regulations affect business commerce‚ occupations‚ and organizations. WHY IS THIS IMPORTANT ? A friend who is an A-student has offered to write your
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Chapter Sixteen; Strategic Launch Planning The firm should think of product commercialization in two sets of decisions: 1. Strategic Launch Decisions a. Strategic platform decisions (overall tones and directions) b. Strategic action decisions (define to whom we are going to sell and how) 2. Tactical Launch Decisions a. Marketing mix decisions such as communication‚ promotion‚ distribution‚ pricing‚ etc. b. Strategic givens (already established; difficult or costly to change
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‘MY FAIR LADY’ Henry Higgins is a professor of phonetics and believes that an important factor in establishing one’s own social status is by the way a person speaks and presents themselves. Every division of a society is marked by linguistic differences but Higgins believes that there is a perfect and proper approach to the English Language. Higgins speaks Standard English which is a widely accepted form of English in the United Kingdom also known as Received Pronunciation (RP). Non-standard grammatical
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Introduction It is well acknowledged that fair trade works to re-embed commodity chains in a framework of social and ecological responsibility. By having a business model that embodies the principles of fair trade‚ Cafedirect coffee presents an alternative to the prevailing model of international trade and agricultural production (Raynolds‚ 2009)‚ and the success of Cafedirect has made a significant contribution to the mainstreaming of fair trade in the UK (Nicholls and Opal‚ 2005). Critically
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Ethical Dilemmas 1) You are a prosecutor in a jurisdiction that does not use the grand jury system. An elderly man has administered a lethal dose of sleeping tablets to his wife ‚who was suffering from Alzheimer’s disease. He calmly turned himself in to the police department‚ and the case is on the front page of the paper. It is entirely up to you whether to charge him with murder. What would you do? What criteria did you use to arrive at your decision? 2) You are a probation officer and
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Caledonia Products Company is introducing a new product. With previous fallouts from the company and ranging a 34% marginal tax bracket with a 15% required rate of return or cost of capital the change of direction is to initiate the new plan. Mr. V. Morrison‚ CEO‚ Caledonia products is asking for professional guidance to analyze his current cash flow statement to determine if the project of adding two mutually exclusive projects is profitable. Therefore‚ as an Assistant Financial Analyst‚ is take
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“Completely free trade would be fair. ‘Fair trade’ encourages people to stay in uncompetitive sectors in which they will always be poor.” Discuss. The concept of the ‘Fair Trade’ initiative can be summarised with reasonable simplicity; “Fair Trade works to alleviate poverty in the global South through a strategy of ‘trade‚ not aid‚’ improving farmer and worker livelihoods through direct sales‚ better prices and stable market links‚ as well as support for producer organizations and communities”
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Title: Eroticism and Consumerism in Art Nouveau and how sex sells. Question: Discuss‚ using specific examples of design and promotion‚ how themes of eroticism and consumerism were bound up in Art Nouveau design. Name: Hayley Rawlingson Student Number: 12415555 Module Code: 2DD1003 Art Nouveau was hugely popular between 1890 and 1910. It originated from the British Art Movement known as The Arts and Crafts Movement. The style of Art Nouveau is highly
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