Discuss why a company really needs and benefits from competitors
What will be an ideal response?
The existence of competitors results in several strategic benefits. Competitors may share the costs of market and product development and help to legitimize new technologies. They may serve less-attractive segments or lead to more product differentiation. Finally, competitors may help increase total demand.
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A grocery store decides to offer beer for sale and this decision results in more potato chip sales. Th
is an example of a synergistic effect. Indicate whether the statement is true or false
While talking about their supervisors, a group of employees at GreenWire Corp. agreed that one of the supervisors, Samuel, has a winning personality. They found out that they like working for him and often did more than what they were asked to do because they wanted Samuel to like them. From the given information, we can infer that Samuel has ________ power.
A. referent B. expert C. reward D. position
A company has recorded data on the daily demand for its product (y in thousands of units) and the unit price (x in hundreds of dollars). A sample of 15 days demand and associated prices resulted in the following data.
?x = 75?(y - 
)(x - 
) = -59?y = 135?(x - )2 = 94?(y - )2 = 100 SSE = 62.9681 ?
a.Using the above information, develop the least squares estimated regression line and write the equation.b.Compute the coefficient of determination.c.Perform an F test and determine whether or not there is a significant relationship between demand and unit price. Let ? = .05.d.Would the demand ever reach zero? If yes, at what price would the demand be zero?
What will be an ideal response?
What should a feasibility analysis show before the entrepreneur moves to the business plan step?
A. strong market potential B. an attractive industry C. the right team to execute the plan D. All of the above should be should be evident.