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Marina CMI [18]
2 years ago
6

Webmax Inc. produced and marketed cameras. After considerable research and development, they developed a new digital camera that

had an array of new features. Webmax was so sure about the new offering that they even reduced their marketing budget. What sort of orientation does Webmax have toward the marketplace
Business
1 answer:
trapecia [35]2 years ago
7 0

WebMax Icn. has a product orientation toward the marketplace.

<h3>What is product orientation?</h3>
  • When a company creates items based on what it is good at rather than what a customer wants.
  • The Gillette Company focuses on producing the best disposable razors at the most affordable price.
  • As a result, they distinguish their products through high-quality razor blades, ease of use, and an appropriate pricing approach.
<h3>Reason -</h3>
  1. In the given situation Webmax has developed the product according to themselves and they have also lower their marketing budget due to this.
  2. As the definition of product orientation says that company creates items based on what it is good at rather than what a customer wants.

Therefore, WebMax Icn. has a product orientation toward the marketplace.

Know more about a product here:

brainly.com/question/25922327

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Stella [2.4K]
Based on the given scenario above, what Sal's reduction of effort represents DEFENSIVE STRATEGY. Defensive strategies are techniques that are utilized in order to combat an attack for possible competitors. In Sal's situation, since she is approaching retirement, her back up plan to decrease the possibility of having problems in the business is to reduce the number of locations.
8 0
4 years ago
Assume that an investor purchased a put option on BP with an exercise price of $1.900 for $0.0215 per unit. There are 31,250 uni
vladimir1956 [14]

Answer:

a. $203.125

Explanation:

Calculation to determine the net profit/loss on this option to the investor

Net profit/loss=((1.900 - 1.885) - 0.0215)(31,250)

Net profit/loss=(0.015-0.0215)*31,250

Net profit/loss=0.0065*31,250

Net profit/loss=$203.125

Therefore the net profit/loss on this option to the investor will be $203.125

8 0
3 years ago
If assets equal $95,000 and liabilities equal $40,000, then owners’equity equals _____.
Fudgin [204]
45 000 долл, это равенство владельцев.
5 0
4 years ago
The relationship between an employer and an employee can be thought of in terms of a(n) __________, a description of what an emp
myrzilka [38]

The answer is psychological contract.

A broken psychological contract may occur when an employee believes that working extra would be naturally rewarded. This, however, may not be business policy. If the person is salaried, they may not be compensated for the extra hours worked.

Daily acts and remarks made in the workplace, as well as how they are interpreted by all parties involved, have an impact on the contract.

`

In other words, it is a promise developed via regular workplace encounters in which the organization learns what is expected of each employee.

Psychological contracts evolve and adapt to the organizational working culture over time. However, they are generally difficult to change and can differ across individual party members and whole organizations.

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8 0
2 years ago
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insig
rusak2 [61]

In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.

It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.

The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.

Rational decision-making examples include:

● A student chooses what to study in his post-secondary education.

● A commercial choice regarding what to buy for the company.

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7 0
1 year ago
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