sustainable competitive advantage in the product or services‚ first of all the company must focus on the core competencies. Core competencies is the things you can do better than your competitors in the critical‚ central areas of the company where the most value is added to company;s products. If a core competencies yields a long term advantage to the company‚ it is said to be a sustainable competitive advantage. A good core competencies is the one that able to open doors to other opportunities and able to
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Chapter 8 Product‚ Services‚ and Branding Strategies: Building Customer Value 1) We define a ________ as anything that can be offered to a market for attention‚ acquisition‚ use‚ or consumption and that might satisfy a want or need. D) product 2) ________ are a form of product that consists of activities‚ benefits‚ or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything. B) Services 3) A product is a key element in the ________. At
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preeminent customer value which will help the companies consolidate their competitive advantage and achieve long-term profitability. Companies have responded to customers’ expectation by increasing the value offered to them through improving products quality‚ reducing prices and intensifying customer services (Bill Dodds‚ 2003). In the transportation industry‚ there are more and more budget airlines and they are fiercely competing. Budget airlines dropped their prices to attract customers and price
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Question 1 What is the lifetime value of a typical customer in each of the four segments‚ in current dollar values? Compare these figures to the “Gross margin” figures in the original spreadsheet. What can you learn from this comparison? Solution 1 Following are the lifetime value of a typical customer in each of the four segments‚ in current dollar values. Segments / Segment description Customer lifetime value Gross margins Large accounts $78‚454 $63‚000 Large accounts‚ rebate $70‚769 $36
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3.4 The Communication Zone Work File In this activity‚ you will identify barriers you may use in communication and explore the difficulties that people from other cultures may experience when communicating. Please use black ink. Section A. Identify the manner in which you communicate by responding to each statement with “Never‚” “Sometimes‚” or “Always.” (19 points) 1. I use words such as "like‚" "you know‚" or "and ah" in my speech. Never 2. I use phrases such as "watchama-call-it" or "thingamajig-jig"
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Chapter 7 Customer-Driven Marketing Strategy: Creating Value for Target Customers 1) When a company identifies the parts of the market it can serve best and most profitably‚ it is practicing ________. A) concentrated marketing B) mass marketing C) market targeting D) segmenting E) differentiation Answer: C Diff: 2 Page Ref: 191 Skill: Concept Objective: 7-1 2) What are the four steps‚ in order‚ to designing a customer-driven marketing strategy? A) market segmentation‚ differentiation
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Joshua Hovatter Ms. Henderson English 201 April 23‚ 2013 The Shackles of Student Debt? In this article‚ “A Lifetime of Student Debt‚” Robin Wilson interprets the different views on taking out loans for college students. The recent worry has been that taking out student loans are “threatening the financial future of today’s college students” (Wilson 256). However‚ recent studies has shown that one-third of college students will have no debt after their academic experience. College student
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provides essential summary information that is important when determining the burden of mental disorders (Eaton et al‚ 2012). There were three types of prevalence estimates discussed during this course to describe mental disorders: lifetime‚ point‚ and period prevalence. Lifetime prevalence refers to the proportion of people who currently have or have ever had a condition‚ while point prevalence describes the
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Something to Cherish for a Lifetime The five days from31st of October to the 4th of November won’t just be memorable for me but it will also be memorable for the other 41 delegates and I can guarantee that. It will be an experience that I will cherish for a lifetime. None of us ever thought that the conference would end in such a way that it would leave us with memories that we can never forget. At first we didn’t know where we were going as the school and its people were complete strangers
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Hinduism‚ which is both a way of life and a religion‚ focuses on what it’s like to be human and what people really want out of life. Hinduism revolves around a cycle of lifetimes: the one you are in now‚ the one before you‚ and the one after you. One has as many lifetimes as needed to reach the next caste system through dharma‚ the right way to act morally and through social duty (caste) and karma‚ the moral law of cause and effect. In order for a person to liberate themselves from ego (which
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