In the 1970s, Atari singlehandedly created a market for home video games, offering a console and cartridges that contained games like Space Invaders, Centipede, and Asteroids. At the time, Atari effectively implemented a ______ strategy.
A. greenfield
B. diversification
C. blue ocean
D. defensive
E. multiproduct
C. blue ocean
A blue ocean strategy refers to a company's creating a new, uncontested market space that makes competitors irrelevant, creates new consumer value, and decreases costs. For a while, Atari accomplished this goal. Of course, competitors eventually entered the industry.
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What is that main criticism of Hofstede’s work in your textbook?
a. Hofstede incorrectly believes in the cultural homogeneity of nations b. One cannot assume that an organization is representative of a nation’s homogenous values system, when the nations citizens, whom they recruit, are pluralistic in their ethnic and cultural identities c. IBM is a firm fostering individual differences and culture from within the countries it operates. So Hofstede’s findings are reflective of the organization rather than national culture. d. Both a and b
The matching principle states that ________
A) financial statements can be prepared for specific periods B) a business's activities can be sliced into small time segments C) all expenses should be recorded when they are incurred during the period D) companies should record revenue when it has been earned
When indirect materials are issued to production, the Raw Materials Inventory account is credited
Indicate whether the statement is true or false
It is believed that the median age of college students is 21 years. A sample of 85 college students is taken. Thirty of the students were under 21, 45 of the students were over 21, and 10 were 21 years old
a. State the null and alternative hypotheses. b. Test the null hypothesis at the 1% level of significance.