What happens when a product has been in the marketplace for a long time? How can this be avoided?
What will be an ideal response?
It is likely that the market will become saturated. In addition, changing customer needs may make the product obsolete. Without new products, the value of the firm will likely decline. To avoid this, companies need to innovate and bring out new products to replace the old ones.
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Primary users of managerial accounting include governmental agencies
Indicate whether the statement is true or false
Janie, a consultant for Howard & Associates LP, was given an objective to triple the client retention in her region by the end of the quarter. After her objective was met, Janie’s boss evaluated her performance and provided feedback. What should Janie’s boss do next when managing by objectives?
a. Give her more work to complete. b. Reward her. c. Have his assistant call her and congratulate her. d. Move on to the next objective.
Self-management is not a component of emotional intelligence.
Answer the following statement true (T) or false (F)
At one time, specialized companies catered to markets segmented by race. Today ________.
A. the segments lack differentiation B. the segments have become targets of mainstream businesses that offer specialized products C. the segments consist of such people who tend to buy the same type of products D. the segments are indistinguishable E. the segments have declined in size