14) Which of the following is an attempt by a fim to increase the demand for its product? (3SEMI21
DOK: 2)
the imposition of a price ceiling on the product
A
B. an advertising strategy designed to change consumer tastes and preferences
C. a marketing strategy to make the good scarce and therefore more expensive
D. a production strategy to flood the market with the good or service

Answers

Answer 1

Answer:

B. an advertising strategy designed to change consumer tastes and preferences

Explanation:

Increasing the demand for a product refers to the activities of making products desirable to customers. It involves interesting customers with the product or services to influence them to purchase.  

Advertising is a strategy for creating awareness for a product in the market. It entails communicating the benefits of a good or service to potential customers in a manner that persuades them to buy. Advertising creates the demand for a product by influencing customer perceptions and opinions on the commodity or service.


Related Questions

Which is a feature of debit cards?
a. They provide direct access to your checking account.
b. They are the most secure form of payment.
c. They are a primary component of your credit score.
d. They can be used to pay off large purchases over time.

Answers

a. they provide direct access to your checking account

ld sustained a spinal cord injury (sci) at the t-11 level resulting from a car accident. before his injury he worked as a service manager at a car dealership. he would like to return to this job. what type of vocational evaluation would provide the most information to help him return to his previous job?

Answers

A Vocational interview can provide the most information to help return to previous job.  a vocational expert collects information affecting the client’s employability. The questions are related work and life experiences, medical information length of absence from the workforce.

Having spinal code injury at level -11  and if you are willing to return your job position ,you have to consult a vocational expert. A vocational expert (VE) is a person hired by the insurance company to determine what kind of work you are capable of doing. and if  your are capable to continue your job as service manager you can continue that job role .

Spinal cord injury (SCI) can create obstacle to get and maintaining employment, as indicated by unemployment rates that can exceed 80% for persons with more severe injuries. People with SCI can do work even those who have the most severe physical impairment.

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An investment account with the same initial investment and the same apr has the most apy if the interested is compounded. True or false?.

Answers

An investment account with the same APR and the same initial investment has the most APY if the interest compounded is continuous.

A current account that is connected to a securities account is an investment account. Money is transferred using it in transactions to deposit services and securities. Particularly meant for the fund, stock, bond, and ETF transactions is an investing account.

Compound interest is when you receive interest on both your interest income and your savings. Let's imagine you invest $1,000 (your principal) and it earns 5% once a year in interest or profits (the compounding frequency)

Continuously compounded interest means that an account balance is constantly earning interest, as well as refeeding that interest back into the balance so that it, too, earns interest

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"i know headquarters wants us to add that new product line," said bella troung, manager of haley company’s office products division. "but i want to see the numbers before i make any move. our division’s return on investment (roi) has led the company for three years, and i don’t want any letdown."

Answers

ROI is a mathematical formula that investors can use to assess their investments and determine how well one investment has fared in comparison to other assets. An ROI estimate may occasionally be combined with other strategies to create a business case for a specific proposition. How well a firm is managed is measured using the overall ROI for the enterprise.

A return on investment may be determined by determining whether one or more of an organization's immediate goals—such as increasing market revenue share, developing infrastructure, or preparing the company for sale—rather than by determining immediate profit or cost savings.

Margin = Net operating income/Sales

Turnover = Sales/Operating assets

ROI = Margin*Turnover

How is ROI determined?

There are several ways to determine ROI. The most popular is ROI, which is calculated as ROI = Net income / Cost of Investment multiplied by 100.

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true or false: the principle of customization is applicable to both service and manufacturing companies.

Answers

Answer: true

Explanation:

"The principle of customization is applicable to both service and manufacturing companies". The statement is true.

What do you mean by manufacturing company?

Any company that uses components, parts, or raw materials to create finished goods is considered to be in the manufacturing industry.

These finished products may be sold to consumers directly or to other manufacturers who will use them to create a different product.

Large-scale production of goods using manual labor and/or machines to transform raw materials, parts, and components into finished goods is referred to as manufacturing.

Therefore,  The statement is true. The "customization principle" is relevant to both manufacturing and service industries.

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A decrease in the price of a complementary good will cause its complement’s equilibrium price to ______________ and the equilibrium quantity to ______________.

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A decrease in the price of a complementary good will cause its complement’s equilibrium price to decrease and the equilibrium quantity to decrease.

Complementary goods are those that are ingested together. Substitutes are goods that can be consumed in place of the original. Prices of complementary or substitute goods also cause the demand curve to shift. When the price of a complementary good falls, the quantity demanded of one rise and the demand for the other rises. When the price of a substitute good falls, the quantity demanded for that good rises, but the demand for the good for which it is substituted falls.

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:business management systems need three major components in order to provide the services expected by today’s managers. these include::

Answers

Business management systems need three major components in order to provide the services expected by today’s managers. these include them to be leaders, moral builders, and people skills.

Who are managers?

A manager can be defined as a person who is in charge of managing or looking after an organization, he is an acting leader who helps in delegating responsibilities as well as setting goals.

Also, he possesses some leadership qualities which help in running an organization smoothly.

The three qualities that the managers of today's time are incorporating are

Today's managers must possess people skills.Managers today must be true organizational leaders. Managers today are expected to inspire their teams and exhibit their morals.

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during the covid-19 pandemic, a local wine and spirits retailer faced changes in store hours, supply of and demand for its products, sanitizing protocols, and converting to drive-through, curbside, or delivery services only. during this time, the store manager, owen, shared daily updates with employees by e-mail and on posted announcements. owen also updated the store's website and social media pages regularly. in this scenario, owen was playing the role.

Answers

During the covid-19 pandemic, a local wine and spirits retailer faced changes in store hours, supply of and demand for its products, sanitizing protocols, and converting to drive-through, curbside, or delivery services only. During this time, the store manager, and owner, shared daily updates with employees by e-mail and on posted announcements. Owen also updated the store's website and social media pages regularly.  In this scenario, Owen was playing the role of Disseminator

A communication protocol is a gadget of rules that permits two or greater entities of a communications gadget to transmit statistics thru any sort of variant of a bodily quantity. The protocol defines the guidelines, syntax, semantics, and synchronization of verbal exchange and possible blunders in healing techniques.

Protocols provide us with a medium and set of guidelines to set up communication among distinctive devices for the trade of records and other offerings. Protocols are wished in every subject like society, technological know-how & technology, statistics communication, media, and so forth.

A community protocol is an established set of policies that decide how data is transmitted among one-of-a-kind devices in the same community. basically, it allows connected devices to communicate with every other, irrespective of any variations of their internal tactics, shape, or layout.

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Samantha found a job with an annual salary of $100K. What is her monthly salary, rounded to the nearest dollar?

Answers

Answer is $ 8333 monthly salary

Step by step

100,000 per year divided by 12 months = $8333 monthly salary

Globalization is selecting for interpersonal competencies, including the ability to think and work with others coming from very different racial, linguistic, religious, and cultural backgrounds. True or false?.

Answers

Interpersonal skills, such as the capacity to think and work with people from extremely varied racial, linguistic, religious, and cultural backgrounds, are being prioritized by globalization. The assertion is accurate.

Why is it crucial to have interpersonal skills?

In both your personal and professional lives, effective interpersonal skills include the ability to communicate with and work with both individuals and groups. Strong interpersonal skills are often possessed by high relationship-builders and team players. They are familiar with their family members, close friends, co-workers, and customers.

Interpersonal competence: What is it?

The interpersonal competency domain places a focus on students' capacity for forming connections with one another and the broader community. Competence in this area includes the ability to collaborate and interrelate with others, as well as the ability to create and maintain healthy relationships with others.

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you invest $1,400 today and expect to sell your investment for $3,200 in 10 years. a-1. calculate the present value of the future payoff if the interest rate is 8%. note: do not round intermediate calculations. round your answer to 2 decimal places. a-2. is this a good deal? b-1. calculate the present value if the interest rate is 11%. note: do not round intermediate calculations. round your answer to 2 decimal places. b-2. is this a good deal?

Answers

This is a good deal as present value at the given rate was more compared to investment.

Given:

[tex][tex]Present\;value,\;PV=\$1400[/tex][/tex]

[tex][tex]number\;of\;years,\;t=10\;years[/tex][/tex]

We know that,

[tex][tex]Future\;value,\;FV=\frac{PV}{(1+(\frac{i}{n}))^{(n \times t)}}[/tex][tex][/tex]

Let assume number of compounding period per year,

n=1

[tex][/tex](a-1)[tex]Interest\;rate,\;i=8\;\%[/tex][tex]\\[/tex]

Future value, FV=[tex]\frac{1400}{(1+(\frac{8\%}{1}))^{(1 \times 10)}}[/tex][tex]FV = \$\;1482.22[/tex](a-2)[/tex]

This is a good deal as present value at the given rate was more compared to investment.

(b-1)[tex][tex]Interest\;rate,\;i=11\;\%[/tex][tex]Future\;value,\;FV=\frac{1400}{(1+(\frac{11\%}{1}))^{(1 \times 10)}}[/tex][tex]FV = \$\;1126.99[/tex][/tex](b-2)

This is a good deal as present value at the given rate was less compared to investment.

Explain Investment?

Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains. The main purpose of an investment is to create an additional source of income or to generate a profit over a certain amount of time.

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harry is trying to take one more class this semester. he is weighing the marginal benefit of taking one more class to the marginal cost of taking one more class. which economic concept is most closely related to harry's decision-making process? question 1 options: macroeconomics exchange rationing devices decisions made at the margin

Answers

The economic concept that is most related to Harry's style of decision-making is decision at the margin.

What is "decision at the margin"?

When we make decisions at the margin, it means that we are considering the marginal aspects of the decision.

In clearer terms, we are considering things like how much the one additional unit of something will cost us, as well as what we stand to benefit from the additional unit like Harry is doing.

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At the constitutional convention of 1787, disagreements arose between states with large populations and those with small populations. How was this conflict resolved?.

Answers

A strong central government was supported by some states while opposed by others. Small states desired equal representation in Congress with larger ones, but large states believed they should have more representation.   The Great Compromise was a compromise that established two houses of Congress to ensure that both major and small states were fairly represented. Each state would be given seats in the House of Representatives in accordance to the size of its population. Regardless of size, every state would have two delegates in the Senate.

The mechanism of representation in the legislative branch was resolved by the Great Compromise. Large states preferred representation based on population, whereas small states preferred equal representation like equality by state and equality by vote. According to the agreement, the Senate had equal representation for each state.  A bicameral Congress would consist of two national legislatures in accordance with the Great Compromise.

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ralph leases 1,000 square feet in a large warehouse. the lease agreement requires him to pay portions of the landlord's taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. what type of lease does ralph have?

Answers

A sizable warehouse that Ralph rents out has 1,000 square feet. In addition to the amount he pays to lease the space, the lease requires him to contribute to the landlord's taxes, insurance, and maintenance costs. Ralph has Three-year net lease.

What is a lease example?

the length of the contract's term or duration. To lease anything is to provide someone a lease on it or to consent to renting someone else's property. When you rent out your apartment to a tenant, that is an example of a lease. When you choose to rent an apartment to live in, that is an instance of a lease.

A Net Lease:

What Is It?

The phrase "net lease" describes a legal arrangement in which, in addition to the rent, the lessee also pays some or all of the property's taxes, insurance premiums, and upkeep expenses. The commercial real estate industry frequently employs net leases.

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an audit identifies poor coding, documentation, and billing practices so that additional training and education can occur and procedures can be adjusted.

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An audit identifies poor coding, documentation, and billing practices so that additional training and education can occur and procedures can be adjusted. The statement is True.

The level of patient compliance with doctor's orders has not increased as a result of personal health records. The surgery section contains the CPT codes that are used the most frequently.

According to the OIG, compliance requires doing at least one coding audit each year. Additionally, all clinicians are encouraged by the Centers for Medicare & Medicaid Services (CMS) and the OIG to routinely have their coding evaluated by an impartial party skilled in their clinical speciality.

Always keep in mind that continual improvement is the ultimate goal of every audit, regardless of its nature or scope. Your practice has the chance to discover and stop compliance and payment concerns with national payers as well as give possibilities for staff development through the audit process.

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caliana manages the warehouse for united processors inc. at the beginning of each year, she determines the department goals for the next 12 months. which of the four management functions is she performing when she sets these goals? multiple choice question.

Answers

Planning is one of the four management functions that Caliana is performing when she sets these goal.

What is management goal?

This is a term used to refer to the line of actions or programs that engages employees to enable them achieve a stated aim. the fuctions of management goal is as stated in the options

However we can conclude that Planning is one of the four management functions that Caliana is performing when she sets these goal.

complete question

Caliana manages the warehouse for United Processors Inc. At the beginning of each year, she determines the department goals for the next 12 months. Which of the four management functions is she performing when she sets these goals?

Leading

Planning

Organizing

Controlling

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a conflict will exist between the npv and irr methods, when used to evaluate two equally risky but mutually exclusive projects, if the projects' cost of capital is less than the rate at which the projects' npv profiles cross. true false

Answers

True-No conflict will exist between the NPV and IRR methods, when used to evaluate two equally risky but mutually exclusive projects, if the projects' cost of capital exceeds the rate at which the projects' NPV profiles cross.

What is NPV and IRR methods?

While the IRR approach calculates the projected percentage return, the NPV method produces the predicted dollar worth of a project.

Purpose. The breakeven cash flow level of a project is the emphasis of the IRR approach while project surpluses are the subject of the NPV method.

assistance with decisions. Since it provides a dollar return, the NPV approach delivers an outcome that serves as the basis for an investment decision. The IRR approach is not helpful in making this choice because its percentage return does not indicate to the investor how much money will be produced.

Reinvestment rate. When NPV is utilized, the firm's cost of capital is the assumed rate of return for reinvesting intermediate cash flows; when it is the internal rate of return.

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consumers now have easy access to internet shopping because of smartphones. technology has caused demand to become more for goods you can purchase at stores like barnes and noble and best buy. this is because the cost of getting price information from other retailers is now . to stay competitive, best buy uses a strategy called where they offer to sell items at competitor prices.

Answers

Consumers now have easy access to internet shopping because of smartphones. technology has caused demand to become more elastic for goods you can purchase at stores like barnes and noble and best buy. this is because the cost of getting price information from other retailers is now lower. to stay competitive, best buy uses a strategy called price matching where they offer to sell items at competitor prices.

How has the product become elastic?

The elasticity of the products would come into play given that the substitute of this product has been said to be much in the market and there is the convenience of home delivery for the people that use the product.

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Which type of tax is income tax?
O A. Digressive
OB. Regressive
OC. Progressive
OD. Permissive

Answers

Answer:

She is right OC. Progressive

Income tax is a progressive type of tax. The correct option is C.

Why is an indirect tax called regressive?

For each and every income level, the rates are the same. A tax that is imposed on all individuals, regardless of income level, is known as a regressive tax since it equalizes payments between low and high earners. Low-income individuals are more negatively impacted by this type of tax than are individuals with high incomes.

This means that the tax rate increases as the income of the taxpayer increases. In other words, people who earn more money pay a higher percentage of their income in taxes than those who earn less. The goal of a progressive tax system is to distribute the tax burden fairly, with those who have more resources paying a larger share of the overall tax revenue.

Thus, the ideal selection is option C.

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when auditing merchandise inventory at year-end, the auditor performs audit procedures to ensure that all goods purchased before year-end are received before the physical inventory count. this audit procedure provides assurance about which management assertion?

Answers

The audit procedure provides assurance of the  Cutoff management assertion.

The definition of an audit is the technique of assessment or analysis of something to decide its accuracy or protection or is the report that pronounces the result of such analysis or evaluation. An example of an audit is a dean analyzing your credits to determine your eligibility for graduation.

Although each audit method is particular, the audit procedure is comparable for most engagements and typically consists of 4 ranges: planning (every now and then known as Survey or preliminary overview), Fieldwork, Audit document, and follow-up overview. client involvement is crucial at each level of the audit process.

An internal audit tick list is the particular commands or recommendations utilized by auditors to test an employer's monetary information, operational facts, or IT systems, applications, processes, and protection.

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your school requires that an award be on file before you complete your agreement to serve or repay (agreement). contact your school's financial aid office for further assistance.

Answers

Students who are enrolled in an eligible program and agree to teach in a high-need field in a low-income elementary school, secondary school, or educational service agency may receive up to $4,000 per year under the non-need-based TEACH Grant program.

Within eight years of stopping enrollment at the institution where the TEACH Grant is awarded, you must have worked as a highly qualified teacher for at least four years. Before receiving a TEACH Grant for an award year, the student must sign a TEACH Grant Agreement to Serve or Repay (Agreement) outlining the service obligation requirements. They must also complete initial counseling before receiving a first TEACH Grant and follow-up counseling before receiving each subsequent TEACH Grant.

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what is the manipulation of information to create business intelligence in support of strategic decision making?

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Online analytical processing (OLAP) is the manipulation of information to create business intelligence in support of strategic decision-making.

Manipulation (psychology) is conduct designed to exploit, manipulate, or in any other case have an effect on others to 1’s advantage. Definitions for the time period vary in which conduct is particularly included, stimulated through each lifestyle, and whether relating to the overall population or used in scientific contexts.

Manipulation is described as any attempt to sway a person's emotions to get them to act or sense a positive manner. Manipulators have no unusual tricks they'll use to make you sense irrational and are much more likely to offer into their requests. Some not unusual examples consist of Guilt and Complaining.

Manipulation is described as skillful management by something or a person. An example of manipulation is what is being completed by a talking vehicle salesman who convinces you to shop for a car. Sensible or devious management, especially for one's own advantage.

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what do you think the consequences might be in financial markets if individuals consumed more of their incomes and thereby reduced the supply of funds available to financial​ institutions? ​(select the best answers from the​ drop-down menus.) if individuals consume​ more, ▼ more fewer dollars will be available for investment. this would ▼ increase reduce the amount of money available for new projects and drive ▼ up down the required return​ (i.e., required return of investors to buy​ bonds). over​ time, employment,​ salaries, and gross domestic product would ▼

Answers

The average person spends less than they earn. The surplus is invested and made available to organizations like enterprises and governments. If people spent more of their income, financial markets may suffer as a result, reducing the amount of money accessible to financial organizations.

Any marketplace where securities are traded is referred to as a financial market, which includes, among others, the stock market, bond market, FX market, and derivatives market. The efficient operation of capitalist economies depends on the financial markets.

By allocating resources and generating liquidity for businesses and entrepreneurs, financial markets play a crucial role in facilitating the smooth running of capitalist economies. Trading financial holdings is made simple by the markets for buyers and sellers. Financial markets provide securities products that give a return to investors and lenders who have extra money and make that money available to others who need it (borrowers).

An example of a financial market is the stock exchange. Financial markets are created via the buying and selling of many different kinds of financial instruments, such as stocks, bonds, currencies, and derivatives. To ensure that the markets set prices that are effective and reasonable, financial markets primarily rely on informational transparency.

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durham parts (dp) makes a variety of products. it is organized in two divisions, eastern and western. the managers for each division are paid, in part, based on the financial performance of their divisions. the western division normally sells to outside customers but, on occasion, also sells to the eastern division. when it does, corporate policy states that the price must be cost plus 25 percent to ensure a "fair" return to the selling division. western received an order from eastern for 1,200 units. western’s planned output for the year had been 4,800 units before eastern’s order. western’s capacity is 6,000 units per year. the costs for producing those 4,800 units follow.

Answers

From the information provided, the unit cost that the Eastern Division should pay is $187.50.

What is the computation for that?

The South Division manager would like the North Division manager to pay the whole cost Plus 20%

= $ 150 x 25%

= $ 187.50.

As the manager of the Eastern Division, the unit cost one should argue to pay is:

Per unit cost ( plus 25%)

$112.50

Because the total fixed costs stay constant regardless of output up to 6,000 units, and because they are already recovered from South Division's regular outside sales, North Division believes that a reasonable transfer price would be

$(50 + 24 + 16) x 125%

= $ 112.50.

What unit cost would you recommend for a sale of units from the Western Division to the Eastern Division?

The unit cost recommended to be charged the Eastern Division is:

$112.5

This is because the rule is reformulated to specify that the transfer price should not be larger than the receiving division's net marginal revenue, where net marginal revenue equals marginal revenue less own marginal costs.

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Full Question:

Durham Parts (DP) makes a variety of products. It is organized in two divisions, Eastern and Western. The managers for each division are paid, in part, based on the financial performance of their divisions. The Western Division normally sells to outside customers but, on occasion, also sells to the Eastern Division. When it does, corporate policy states that the price must be cost plus 25 percent to ensure a "fair" return to the selling division. Western received an order from Eastern for 1,200 units. Western's planned output for the year had been 4,800 units before Eastern's order. Western's capacity is 6,000 units per year. The costs for producing those 4,800 units follow. Per Unit Materials Total $ 240,000 $ 50 Direct labor 24 Other costs varying with output 115,200 76,800 288,000 16 60 Fixed costs (do not vary with output) Totals $ 720,000 $ 150 Required:

a. If you are the manager of the Western Division, what unit cost would you ask the Eastern Division to pay?

b. If you are the manager of the Eastern Division, what unit cost would you argue you should pay?

c. What unit cost would you recommend for a sale of units from the Western Division to the Eastern Division?

if the two countries specialize and only produce the good in which they have a comparative advantage, what is the maximum combination of potatoes and sausages they can produce together

Answers

If the two countries specialize and only produce the good in which they have a comparative advantage, 500 tons of potatoes and 200 tons of sausages.

What is produce?

Produce, which includes fruits and vegetables, is a catch-all phrase for a variety of farm-produced commodities (grains, oats, etc. are also sometimes considered produce). More specifically, the use of the word "produce" often denotes that the goods are in their original, freshest form.The phrase is also used to describe the area of a supermarket where the produce is kept. Farmers' markets and greengrocers mostly sell produce in the UK and Australia. The phrase is frequently used outside of the agricultural sector in the U.S. and Canada, but it is not frequently used in other English-speaking nations.Produce is marked with tiny stickers that have price look-up codes in some countries, including the US.

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What do you think the well known talk show personality was that started the craze to have tickle me elmo for christmas?

Answers

I think the well-known talk show personality that started the craze to have to tickle me, Elmo, for Christmas has a huge increase in demand for the one which is a previously unheralded toy.

Whenever a well-known personality talk show showed Tickle Me, Elmo, on her show where she considered it to be a cute Christmas gift, it might cause an elevated increase in demand so as for the toy which is previously unheralded. The suppliers who are not able to know this would actually become the case and so probably had ordered some of the modest amounts of the particular plush toy, as they do not want to get stuck with a large type of inventory which is usually after a Christmas selling season.

The red muppet whose first name is  “Baby Monster” in 1979 tends to remain as a background character until the year 1984. That is happening when a new or deep-voiced puppeteer who is named Kevin Clash picked up him and put on the now-called famous falsetto as well as transformed Elmo's character into the most popular character ever in the show.

The promotion of the show was helped by Rosie O'Donnell who showed the toy on her wide popular TV show happened in early October. O'Donnell's special "surprise plug" was most probably shown too early to create the most unexpected demand for the character of Elmo, it depicts to be the resulting shortages undergoing in stores in case of selling products that happened two months late nearly.

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select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.

Answers

In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.

The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.

The detail of these goals is given below:

Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.

Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.

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regarding insurance company underwriting practices for health insurance, which one of the following statements is false?

Answers

The applicant's signature on the policy delivery receipt serves as the notice of the insurer's information practices in health insurance underwriting practices

The signature on the application by the applicant does not serve as notice of the insurer's information practices. Medical underwriting can be done for a person or a group, for instance, a company looking to provide coverage to its employees. Such individual evaluation would be impossible when establishing prices for a large corporation.

Insurance companies examine a candidate's medical records, lifestyle, demographic profile, and other aspects related to future and current medical needs during the underwriting process of health insurance. An assumption of the risk linked to providing healthcare coverage to that individual is calculated and priced using actuarial analysis.

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what are the basic differences amoung single product startegy, a startgey based on relate diversification, and a one based on unrealted diversification

Answers

It is wiser to diversify your business in a way that is relevant to your current business than to do it in a way that is unrelated (entering a new industry that lacks such similarities).

single-product approach

a business approach where it only offers one product, or one product version with a limited number of possibilities. Because of the considerable risks, few businesses or organizations choose to employ this tactic (if the single product fails). A Dictionary of Business and Management, single-product strategy.

This tactic is employed to boost sales linked with an existing product line and is particularly helpful for a company whose sales have been stagnant or dropping.

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According to our fip lecture and the slides from dr. Matt mars, what term is used to describe development and implementation for advancing innovative solutions to economic, environmental, social, and/or technological problems or opportunities?.

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Entrepreneurial Leadership is used to describe development and implementation

An entrepreneur is a person who chooses to accept the risk of founding a new business. Entrepreneurship is the process of combining labor and capital to generate goods or services for a profit. The risk of doing something novel is taken on by entrepreneurs. Entrepreneurship is defined as the act of starting and running a new firm while taking calculated risks in the corporate world. In other words, it has to do with your ability to plan and arrange. They encourage new employment by developing new goods and services, which eventually accelerates economic growth. As a result, it is essential to implement governmental policies that support and promote entrepreneurship.

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