In fact, given the relationship between academic background knowledge and academic achievement, one can make the case that it should be at the top of any list of interventions intended to enhance student achievement.
Features are fairly straightforward, either a product has a feature or it doesn't. Benefits, on the other hand, are not as simple and should only be recorded based on customer feedback. For example, company B may claim in their company literature that their copier is fast, but a user may feel otherwise.
Or, company B may indeed have a copier that by industry standards is fast, but you may have a copier that's even faster. Now, evaluate your competition's product or service. How does your product compare to your closest competitor's product? What features and benefits are unique to your product?
The more unique features and benefits your product has, the stronger your market position will be. For example, if you produce and market an office copying machine that staples collated copies together and your closest competitor doesn't have this feature, you have an advantage.
You can then sell the same market segment the benefit of added convenience and time saved. Evaluate your competitor's price. Just because you have the same products as other businesses, doesn't mean everyone has the same price. Your own production costs greatly impact your pricing.
If your price for a similar product is higher than your competitor's, then your market position is weaker; and if it's lower, then your competitive position is better.
A temporary price decrease by a competitor might indicate nothing more serious than a transient need to move excess inventory. However, a trend of lowered prices may indicate that your competition is doing it to gain market share and improve production costs.
It could also mean your rival is in financial trouble and has been forced to lower prices. It's in this type of situation that rumors and gossip become helpful. If there are rumors that a company is in financial trouble and you discover price fluctuations, it's more likely that there are problems.
Customer preference of products is only part of the analysis. There are internal operational factors which can provide a competitive edge as well. Your competitors' products may not have the high quality of yours, but they might offer free delivery; or their employees might be extremely motivated and committed to gaining market share.
You need to learn how they are doing on the inside. Some factors to consider: Financial resources — Are they able to withstand financial setbacks? How are they funding new product development and improvement? Operational efficiencies — Are they able to save time and cost with clever production and delivery techniques?9 Reasons to Study Geography.
Modified on January 20, But the truth is that geography is a highly relevant and important type of knowledge for anyone to have.
Here are our top 9 reasons why you should study more geography. 1. Look Smart These are the questions to ask to gain a deep understanding of your home. 7. Get a . Travel Agent Career.
Job Description: Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Geography - Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations. Jul 22, · Elections and Technology.
The introduction of information and communications technologies (ICT) into the electoral process is generating both interest and concern among voters, as well as practitioners across the globe.
This client alert was updated in April Due to the substantial variation in the regulatory landscapes of various states, both foreign and U.S.
lenders making commercial and consumer loans must carefully examine state law before conducting business in a given state. Theory of Development. by Garry Jacobs, Robert Macfarlane, and N. Asokan [presented to Pacific Rim Economic Conference, Bangkok, Jan , ].
A1C A form of hemoglobin used to test blood sugars over a period of time. ABCs of Behavior An easy method for remembering the order of behavioral components: Antecedent, Behavior, Consequence.