Business Competitiveness and Strategy Quiz

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SufficientGrowth
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What are some ways in which marketing influences competitiveness?

Identifying consumer wants and needs, pricing, and advertising

Why is achieving a perfect match between consumer wants/needs and the organization's goods/services important?

To enhance competitiveness

What are the key factors influencing consumer buying decisions?

Price and quality

How can advertising and promotion contribute to organizational competitiveness?

<p>By informing potential customers about product features and attracting buyers</p> Signup and view all the answers

What is the role of operations functions in organizational competitiveness?

<p>Improving production efficiency and product quality</p> Signup and view all the answers

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