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dexar [7]
2 years ago
9

Elotrik, a company that manufactures and supplies epilators, implements a marketing strategy to popularize its epilators and rep

lace razors in the market. To counter this and stay in the market, the razor manufacturers introduce new offers and discounts. In the context of innovation streams, which of the following concepts does this scenario best illustrate?
A) Design competition.
B) Technological lockout.
C) Technological substitution.
D) Design iteration.
Business
1 answer:
zzz [600]2 years ago
6 0

Elotrik best illustrates the concept of design competition by trying to counter and stay in the market.

<h3>What is design competition?</h3>

This is a procurement strategy that is used in business in order to have an organization stay in a market.

This is what this business has obviously done here through the introduction of new offers as well as discounts.

Read more on design competition here:brainly.com/question/1622190

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The sales department of a consumer products organization realized that its rivals were adopting new customer relationship manage
kenny6666 [7]

The correct answer is D) environmental forces.

The sales department of a consumer products organization realized that its rivals were adopting new customer relationship management software to keep better track of their prospects. The director of the sales department decided it would also purchase the CRM software to keep up with its rivals. This is an example of environmental forces affecting business buying behavior.

The environmental factors within an organization are technological, cultural, social, economic, demographic, operational, legal or political factors. They could be internal or external. These factors affect buying decisions of the company and that is why the director of the sales department wants to buy the CRM software to compete with its rivals and maintain good customer relationships.  

The other options of the question were A) consumer forces, B) individual forces, and D) organizational forces.

4 0
3 years ago
Wayne has been employed as a trainee in a print shop for one month and receives less than minimum wage for his work. According t
ipn [44]

Answer:

Explanation below

Explanation:

When organizations are looking at hiring interns, they should make sure it does not go against the laws of the Fair Labor Standards Act (FLSA) which broadly defines what it means to employ someone and remained silent regarding whether interns should be exempted from minimum wages.  

FLSA provides that if your company like that of Wayne in the question, benefits from the use of interns they hired, then they must pay them a sum that is equivalent to the minimum wage.

But if the intern does not do any work that directly benefits the organization, but just there to learn and watch how things are going, then it can be justified in not paying them at all.  

so Wayne's rights have been violated since the wage was below the minimum wage.

4 0
3 years ago
Summarize the Product Development Process
Marina86 [1]
The product development process encompasses all steps needed to take a product from concept to market availability. This includes identifying a market need, researching the competitive landscape, conceptualizing a solution, developing a product roadmap, building a minimum viable product, etc.
6 0
3 years ago
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Lunna [17]

Answer:

The correct answer is letter "D": bonuses are deferred salary rather than extra pay for extra sales performance.

Explanation:

In the corporate world, entitlement culture refers to the workers' beliefs that they deserve a series of privileges. This tends to happen during growth periods. Employees assume that the optimal situation of the firm has to do with their performances then, the organization owes them.

An idea that is commonly spread under such a scenario is that bonuses and commissions are deferred salaries and not extra payment for outstanding performance.

3 0
3 years ago
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Fudgin [204]
I have to think again about this answer. I will get back! 2.22
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4 years ago
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