Forces
What are the 5 forces?
Direct competitors, Substitutes, New Entrants, Suppliers, and Buyers
Where do the Inputs, Processes and Outputs occur?
Place
Which franchise has the logo of a golden arch?
McDonalds
What are business partners that provide inputs for a company called?
Suppliers
Social Media relates to which four-marketing mix aspect?
Promotion
Which franchise has the logo of a checkmark?
Nike or Amazon
What are New Entrants?
Companies created to fill the needs of consumers that are not being met
Which of the four-marketing mix is the most important and why?
Price, a company needs to offer the best product, at the lowest cost.
Which franchise has this slogan, “Where is the beef?"
Wendy's