Market leaders can expand the market by ________ and more usage of the product
A) identifying competitors
B) initiating monopolistic practices
C) developing new users
D) ensuring users adhere to higher standards
E) initiating new rules for product users
C
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Explain what happens in a SWOT analysis during the strategic planning process
What will be an ideal response?
Which of the following statements is true when a company is considering whether to make or buy a component of a product that it currently manufactures?
A) If none of the current fixed overhead is avoidable when outsourcing, the product should be made internally. B) If the current fixed overhead is avoidable when outsourcing, the product should be outsourced. C) If the relevant costs to make internally are greater than the relevant costs of outsourcing, the product should be outsourced. D) If the cost of outsourcing is greater than the direct materials cost of making internally, the product should continue to be made internally.
According to Schumpeter, which notion describes the ‘process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one’?
a. Creative absorption b. Creative imaginary c. Creative destruction d. None of the above
How does technology affect customer value?
What will be an ideal response?