Business, Questionnaire Example

What is the most desired stage for “most” for-profit companies in the product life cycle? Why?

A product cycle in a company represents the stages of the lifespan of a commercial product in the market. The most essential part in the cycle is the maturity stage since this is the most competitive time for products and the company needs to invest wisely in all the marketing strategies. These may include product modification or improvements that might offer a competitive advantage on the market.

What is the difference in the meaning of “quality” from the marketing perspective vs. the operations department in a for-profit company?

Quality is the level of products fitness and its ability to achieve its purpose as expectant of the market. Definitively, from the marketing perspective, quality represents the degree to which a product or service compares to the marketplace competition. The viewpoint of promoters is to sell the quality product or service at a competitive advantage in a viable market. On the other hand, the operations department definition of quality focuses on the conformance or degree to which the product or service was produced correctly.

Should all four elements of a SWOT (strengths, weaknesses, opportunities, and threats) analysis appear on the SFAS table? Why or why not?

The four elements of SWOT (strengths, weaknesses, opportunities, and threats)are essential in the SFAS (Strategic Factor Analysis Strategy) table since this study involves the measuring of the strengths and weaknesses of a company’s position. SFAS (Strategic Factor Analysis Strategy) is important in the assessment of a company through focusing on not only internal strengths and weakness but also on the external environment that a particular company operates in which is inclusive on the SWOT analysis.

Is a Portfolio Strategy about a firm’s products or is it about a firm’s industry? How would you know?

A Portfolio Strategy mainly focuses on a selection strategy with a viewof collective investments that affirms low risk while maintaining high return rates. It is about a firm’s industry due to its importance as marketing tool in providing a framework of viable options and addressing competences and prospective markets. A portfolio strategy is achieved over a long period of time through market probability outcome forecasts.

Give an original example of a core competency. Explain why it is so (i.e. What’s “core” about it?)

Core competency is a plan that consents to small businesses to providing value to their clients. A unique instance would be in the case a scenario of a technology firm which prospects to design efficient Internet search algorithms that are accurate for any related search. This is quite difficult to innovate. The fundamental need is to achieve all customer expectation for a particular product or service.