Podcast
Questions and Answers
What is the primary purpose of conducting a situation analysis in an online marketplace?
What is the primary purpose of conducting a situation analysis in an online marketplace?
- To increase social media followers
- To reduce marketing costs
- To refine the organization's strategy by reviewing external and internal factors (correct)
- To eliminate competitors
Which of the following is an example of a micro-environmental factor affecting online marketplaces in Ghana?
Which of the following is an example of a micro-environmental factor affecting online marketplaces in Ghana?
- Customer behavior (correct)
- Government policies
- Climate change
- Global economic trends
How does Jumia Ghana tailor its offerings to customers?
How does Jumia Ghana tailor its offerings to customers?
- By reducing product variety
- By eliminating competitors
- By studying customer searches and purchases to offer personalized discounts (correct)
- By increasing delivery times
What is the main way Tonaton differentiates itself from Jumia?
What is the main way Tonaton differentiates itself from Jumia?
Why is supplier and logistics utilization important for online businesses?
Why is supplier and logistics utilization important for online businesses?
What is an example of adapting to market trends in Ghana?
What is an example of adapting to market trends in Ghana?
Which of the following is a key component of the online marketplace?
Which of the following is a key component of the online marketplace?
What is an example of a competitor to Jumia in Ghana?
What is an example of a competitor to Jumia in Ghana?
Why are suppliers important for online marketplaces?
Why are suppliers important for online marketplaces?
Which of the following is an example of an intermediary in Ghana's online marketplace?
Which of the following is an example of an intermediary in Ghana's online marketplace?
What internal factor determines the success of an online marketplace?
What internal factor determines the success of an online marketplace?
What is an example of multi-screening in Ghana?
What is an example of multi-screening in Ghana?
What does e-WOM stand for?
What does e-WOM stand for?
How do Ghanaian consumers often rely on e-WOM?
How do Ghanaian consumers often rely on e-WOM?
Which of the following is an economic factor that impacts online consumer behavior?
Which of the following is an economic factor that impacts online consumer behavior?
What is an example of a political factor affecting online businesses?
What is an example of a political factor affecting online businesses?
Which socio-cultural factor influences online marketing strategies?
Which socio-cultural factor influences online marketing strategies?
What technological factor shapes the online landscape?
What technological factor shapes the online landscape?
Which legal factor impacts online business operations?
Which legal factor impacts online business operations?
How can environmental factors influence online retail?
How can environmental factors influence online retail?
Flashcards
Situation Analysis Purpose
Situation Analysis Purpose
Reviewing external and internal factors to refine the organization's strategy.
Micro-environmental Factor
Micro-environmental Factor
Factors such as customer preferences and purchasing habits that affect online businesses.
Jumia Ghana's Customization
Jumia Ghana's Customization
Tailoring offerings to customers by studying their searches and purchases to offer personalized discounts.
Tonaton's Differentiation
Tonaton's Differentiation
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Supplier & Logistics Importance
Supplier & Logistics Importance
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Adapting to Market Trends
Adapting to Market Trends
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Competitors
Competitors
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Supplier Importance
Supplier Importance
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Multi-screening Example
Multi-screening Example
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e-WOM
e-WOM
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Study Notes
- A situation analysis in an online marketplace is primarily conducted to refine the organization's strategy by reviewing external and internal factors.
- Customer behavior is a micro-environmental factor affecting online marketplaces in Ghana.
- Jumia Ghana tailors its offerings to customers by studying customer searches and purchases to offer personalized discounts.
- Tonaton differentiates itself from Jumia by focusing on classified listings rather than a marketplace model.
- Supplier and logistics utilization is important for online businesses to satisfy customers through reliable suppliers and efficient delivery networks.
- Shifting to mobile commerce (m-commerce) due to increased smartphone penetration exemplifies adapting to market trends in Ghana.
- Competitors are a key component of the online marketplace.
- Kikuu is an example of a competitor to Jumia in Ghana.
- Suppliers are important for online marketplaces because they provide goods or services, and their efficiency affects inventory management and customer satisfaction.
- DHL is an example of an intermediary in Ghana's online marketplace.
- Brand reputation and operational efficiency determine the success of an online marketplace as an internal factor.
- Browsing e-commerce sites on smartphones while watching TV exemplifies multi-screening in Ghana.
- e-WOM stands for Electronic Word of Mouth.
- Ghanaian consumers often rely on e-WOM by relying on Facebook groups and WhatsApp recommendations.
- Inflation and consumer spending is an economic factor that impacts online consumer behavior.
- Government policies and regulations are a political factor affecting online businesses.
- Changing lifestyles and cultural values are a socio-cultural factor that influences online marketing strategies.
- Rapid advancements in AI and mobile technologies shape the online landscape as a technological factor.
- Data privacy laws and regulations are a legal factor that impacts online business operations.
- Environmental factors influence online retail by affecting consumer behavior and business decisions due to sustainability concerns.
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