Business, 28.12.2019 06:31 jetblackcap

Miller company managers realize that jim's corporation may attempt to enter their market. what steps might they take to dissuade jim's corporation from entering? what factors are likely to determine whether they will succeed? what actions taken by miller in the past might play an important role in influencing whether jim's corporation enters or not?

Answers: 1

Show answers

Answers

Answer from: pennygillbert

1) What steps might they take to dissuade Jim's Corporation from entering?

Taking into consideration Porter's five forces model, the aspects of suppliers, substitute products, customers and new entrants are crucial when a company wants to enter a market. So, in order to dissuade Jim's Corporation from entering, Miller Company can improve their relationship with customers, to nurture a loyal customer base. They can do the same with suppliers. Eventually, they can create a more diverse product/service portfolio and make their products more price-competitive to decrease the threat of substitutes.

They cannot influence the threat of new entrants, as that is mostly related to economic policies of the government.

2) What factors are likely to determine whether they will succeed?

Although it is possible to influence the aspects named in the previous answer, it is often a tough task to accomplish. Also, it is emphasized that the threat of new entrants is an important factor which cannot be influenced.

Brand loyalty is essential to make substantial progress here, as customers who are loyal are not likely to switch to another brand/company due to habit, preference and frequent switching costs.

3) What actions taken by Miller in the past might play an important role in influencing whether Jim's Corporation enters or not?

Their R&D and general product development is a process that takes a long time to show results. Therefore, if the company invested in the development and improvement of their product/service before, the results are to show by increased customer satisfaction and loyalty, which is a threat for Jim's Corporation. Also, great relationships with suppliers are essential to secure a steady place in the market.

Answer from: Quest

lady gaga

explanation:

lady gaga's real name is stefani joanne angelina germanotta.

Answer from: Quest

Planning,organizing, leading, and controlling.

Another question on Business

Business, 21.06.2019 20:00

Your assessment tool contains rich data about child progress in language and literacy but no details to explain the differences between children. you decide to: a. replace the tool with another b. analyze the data using factors such as language, ability, and participation rates c. review your anecdotal notations regarding language and literacy development d. talk with families about what they are seeing at home

Answers: 2

Answer

Business, 22.06.2019 06:40

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Answers: 2

Answer

Business, 22.06.2019 17:30

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?

Answers: 1

Answer

Business, 22.06.2019 20:00

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Answers: 2

Answer

You know the right answer?

Miller company managers realize that jim's corporation may attempt to enter their market. what steps...

Questions