When Sony introduced the world's first high-definition television to the Japanese market in 1990, it was priced at $43,000. This helped Sony to scoop the maximum amount of revenue from the various segments of the market
The price dropped steadily through the years — a 28-inch Sony HDTV cost just over $6,000 in 1993, but a 40-inch Sony HDTV cost only $450 in 2014. What pricing strategy did Sony use here?
Sony used a market-skimming pricing strategy. This is a favorite for companies unveiling a new technology. Companies using this introduce their product at a high price and slowly drop the price over time.
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TL & Co. is following a related-linked diversification strategy, and Soar Inc. is following a related-constrained diversification strategy. How do the two firms differ from each other?
A. Soar Inc. pursues a backward diversification strategy, while TL & Co. pursues a forward diversification strategy. B. Soar Inc. generates 70 percent of its revenues from its primary business, while TL & Co. generates only 10 percent of its revenues from its primary business. C. TL & Co. pursues a differentiation strategy, and Soar Inc. pursues a cost-leadership strategy, to gain a competitive advantage. D. TL & Co. will share fewer common competencies and resources between its various businesses when compared to Soar Inc.
A firm has a cash conversion cycle of 80 days, an average collection period of 25 days, and an average age of inventory of 70 days. Its operating cycle is ________ days
A) 95 B) 105 C) 60 D) 130
What is the term that refers to the normal variation about a mean or average?
What will be an ideal response?
The following are all components of a business plan EXCEPT ________
A) the chapter summary B) product descriptions C) sales and promotion details D) the table of contents E) the executive summary