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TOP 10 Learning Questions for Chapter 11: Dealing with Competition Tanya Marie C. Labrador September 24, 2010
1. A company is more likely to be hurt by ____________. A.  Current competitors B.  New technologies C.  Emerging competitors D.  World-class businesses E.  New technologies & emerging competitors
Types of emerging giants Current competitors New Technologies Emerging competitors World Class Business
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],A company is more likely to be hurt by new technologies & emerging competitors. Current competitors New Technologies Emerging competitors World Class Business The range of a company’s actual & potential competitors can be much broader than the obvious.
1. A company is more likely to be hurt by ____________. A.  Current competitors B.  New technologies C.  Emerging competitors D.  World-class businesses E.  New technologies & emerging competitors
2. Companies that satisfy the same customer needs are called ______________.  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Competition can be examined from 2 points of view:  INDUSTRY MARKETERS group of firms that offer a product that are close substitutes for one another classify industries according to number of sellers; degree of product differentiation; presence or absence of entry, mobility and exit barriers; cost structure; degree of vertical integration: and degree of globalization
Using the Market Approach.. INDUSTRY MARKETERS COMPETITORS are defined as companies that satisfy the same customer need (e.g a customer who buys a word-processing package really wants “writing ability” – a need that can also be satisfied by pencils, pens, or typewriters).
2. Companies that satisfy the same customer needs are called ______________.  ,[object Object],[object Object],[object Object],[object Object],[object Object]
3. Many factors shape a competitor’s objectives except  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Factors that shape a competitor’s objectives Size History Current Management Financial Situation Growth Profits
Factors that shape a competitor’s objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Size History Current Management Financial Situation Growth Profits
3. Many factors shape a competitor’s objectives except  ,[object Object],[object Object],[object Object],[object Object],[object Object]
4. Steps to competitor analysis are the ff. except ,[object Object],[object Object],[object Object],[object Object],[object Object]
Steps in Competitor Analysis Gather information about a competitor’s strengths  & weaknesses  Identify a company’s main competitors Determine objectives of competitors Selecting competitor & customers
All choices are part of the competitor’s analysis ,[object Object],[object Object],Gather competitor’s strengths  & weaknesses  Identify a company’s main competitors Determine objectives of competitors Selecting competitor & customers
4. Steps to competitor analysis are the ff. except ,[object Object],[object Object],[object Object],[object Object],[object Object]
5. Which of the following is true? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Benchmarking ,[object Object],[object Object],[object Object]
5. Which of the following is true? ,[object Object],[object Object],[object Object],[object Object],[object Object]
6. Which of the following is false? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Marketers can try the following to increase consumption Packaging Product  Re-design
Marketers can try to increase the amount, level, or frequency of consumption Packaging Product  Re-design Larger package sizes increase the amount of product that consumers use at one time increasing the frequency of consumption
6. Which of the following is false? ,[object Object],[object Object],[object Object],[object Object],[object Object]
7. Company V discovers a perfect solution to weight loss . Though target customers were not interested in weight loss, they enthusiastically respond to it when launched.  The  type of marketer company V is called ________.  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Defending market share ,[object Object],[object Object]
The ff. are  distinction bet. marketers in satisfying customer needs   Responsive Anticipative Creative finds a stated need and fills it looks ahead into what needs customers may have in the near future discovers and produces solutions customers did not ask for but to which they enthusiastically respond
7. Company V discovers a perfect solution to weight loss . Though target customers were not interested in weight loss, they enthusiastically respond to it when launched.  The  type of marketer company V is called ________.  ,[object Object],[object Object],[object Object],[object Object],[object Object]
8. Company X matches Company Y’s product, advertising, price & distribution ,[object Object],[object Object],[object Object],[object Object],[object Object]
Six Defense Strategies
The aim of defensive strategy is to reduce the probability of attack, divert attacks to less-threatening areas, and lessen their intensity company matches its opponent’s product, advertising, price & distribution
8. Company X matches Company Y’s product, advertising, price & distribution ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],9. Firm B attacks Firm A for further market share. What is Firm B called?
Types of “MARKET” that exists in business Market Leader Market Challenger Market Follower Market Nicher
Market Leader Market Challenger Market Follower Market Nicher Market challengers can attack the leader and other competitors in an aggressive bid for further market share
[object Object],[object Object],[object Object],[object Object],[object Object],9. Firm B attacks Firm A for further market share. What is Firm B called?
10. Chewing gum manufacturers are producing nutraceutical products to strengthen or whiten teeth and launch gums with health and cosmetic benefits.  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Marketers can try the following to increase consumption Packaging Product  Re-design
Marketers can try the following to increase consumption Packaging Product  Re-design Product development  is creation of products with new or different characteristics that offer new or additional benefits to the customer.  It may involve  modification  of an existing product or its presentation.
10. Chewing gum manufacturers are producing nutraceutical products to strengthen or whiten teeth and launch gums with health and cosmetic benefits.  ,[object Object],[object Object],[object Object],[object Object],[object Object]
TOP 10 Learning Questions for Chapter 11: Dealing with Competition Tanya Marie C. Labrador September 24, 2010

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Chapter 11 dealing with competition labrador

  • 1. TOP 10 Learning Questions for Chapter 11: Dealing with Competition Tanya Marie C. Labrador September 24, 2010
  • 2. 1. A company is more likely to be hurt by ____________. A. Current competitors B. New technologies C. Emerging competitors D. World-class businesses E. New technologies & emerging competitors
  • 3. Types of emerging giants Current competitors New Technologies Emerging competitors World Class Business
  • 4.
  • 5. 1. A company is more likely to be hurt by ____________. A. Current competitors B. New technologies C. Emerging competitors D. World-class businesses E. New technologies & emerging competitors
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  • 7. Competition can be examined from 2 points of view: INDUSTRY MARKETERS group of firms that offer a product that are close substitutes for one another classify industries according to number of sellers; degree of product differentiation; presence or absence of entry, mobility and exit barriers; cost structure; degree of vertical integration: and degree of globalization
  • 8. Using the Market Approach.. INDUSTRY MARKETERS COMPETITORS are defined as companies that satisfy the same customer need (e.g a customer who buys a word-processing package really wants “writing ability” – a need that can also be satisfied by pencils, pens, or typewriters).
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  • 11. Factors that shape a competitor’s objectives Size History Current Management Financial Situation Growth Profits
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  • 15. Steps in Competitor Analysis Gather information about a competitor’s strengths & weaknesses Identify a company’s main competitors Determine objectives of competitors Selecting competitor & customers
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  • 22. Marketers can try the following to increase consumption Packaging Product Re-design
  • 23. Marketers can try to increase the amount, level, or frequency of consumption Packaging Product Re-design Larger package sizes increase the amount of product that consumers use at one time increasing the frequency of consumption
  • 24.
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  • 27. The ff. are distinction bet. marketers in satisfying customer needs Responsive Anticipative Creative finds a stated need and fills it looks ahead into what needs customers may have in the near future discovers and produces solutions customers did not ask for but to which they enthusiastically respond
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  • 31. The aim of defensive strategy is to reduce the probability of attack, divert attacks to less-threatening areas, and lessen their intensity company matches its opponent’s product, advertising, price & distribution
  • 32.
  • 33.
  • 34. Types of “MARKET” that exists in business Market Leader Market Challenger Market Follower Market Nicher
  • 35. Market Leader Market Challenger Market Follower Market Nicher Market challengers can attack the leader and other competitors in an aggressive bid for further market share
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  • 37.
  • 38. Marketers can try the following to increase consumption Packaging Product Re-design
  • 39. Marketers can try the following to increase consumption Packaging Product Re-design Product development is creation of products with new or different characteristics that offer new or additional benefits to the customer. It may involve modification of an existing product or its presentation.
  • 40.
  • 41. TOP 10 Learning Questions for Chapter 11: Dealing with Competition Tanya Marie C. Labrador September 24, 2010