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mr_godi [17]
2 years ago
12

The managers at Camphor Plastics decided that their firm needed to diversify because of overall falling sales and lower performa

nce in one sector. How does diversifying compensate for the lackluster performance in this sector
Business
1 answer:
aleksley [76]2 years ago
5 0

The diversification will compensate for the lackluster performance in this sector by having higher performance in another sector.

<h3>What is a diversification?</h3>

This is a business strategy that involves entering into a new market that one firm have not be operating in for introduction of a new product for that new market.

Hence, for Camphor Plastics, the diversification will compensate for the lackluster performance in this sector by having higher performance in another sector.

Read more about diversification

<em>brainly.com/question/417234</em>

#SPJ1

You might be interested in
Classical economists saw the depression as a political problem, not an economic problem. why?
navik [9.2K]

Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving  to the right level.

<h3>Classical economists</h3>

The Classical economists believe that the  great  depression experience  was as a result of  as a political problem.

The reason why they believe it was political problem was because  they felt the labor unions  who is the union responsible for fight for the right of workers were the one that  stop or prevent  the wage level from moving  to the right level.

Therefore they believed that labor unions were stopping the wage level from rising.

Learn more about Classical economists here:brainly.com/question/419703

#SPJ12

5 0
2 years ago
As a sales manager, Tanya is conducting performance appraisals for her team members. To do so, she tracks each person’s sales ca
sweet-ann [11.9K]

Answer:

Objective

Explanation:

The reason is that the achievement of the set objectives and goals are the basis for appraisal of different persons and departments. It is a means of assessing the performance of the sales team by Tanya that shows how favourable and adverse the performance of the sales team member is.

3 0
3 years ago
Read 2 more answers
Charlotte needs to raise money for a charity benefit she is attending. At lunch, she asks her friend, Samantha, to attend the be
mrs_skeptik [129]

Answer: Foot in the door

Explanation:

A. In  Ingratiation one tries to influence the respondent by using flattery or compliments etc.

B. In  Door-in-the-Face technique the influencer first make a big request followed by a small one that the respondent will most likely accept.

C. In need satisfaction the influencer first try to understand the needs of the respondent and then make his move as per the observations made.

D. In foot in the door first a small request is made which the respondent will most likely accept and then the crucial request is presented before the respondent.

E. In Adaptive Selling the technique of changing behavior is used as per the changing requirements.

Hence, from the above we can conclude that Charlotte used foot in the door.

5 0
3 years ago
Please help me with this work
Shalnov [3]

Answer: Artistic skills

Explanation:

Because if you’re going to be a Digital DESIGNER you want to have skills in a artistic way.

3 0
3 years ago
A. The economic definition of a cartel is:
solniwko [45]

Answer:

A) Competing firms working together to fix prices and output.

B) Collusion.

C) Illegal

Explanation:

A cartel is when a group of competing producers of a good collude together for their own economic good and benefits. They generally form oligopolistic market structures with coordination and thus can take decision on restricting production of a articular good and influencing prices for their own good.

A collusion thus helps a hand full of companies to dominate the market of a particular product that they all produce. They can even form artificial barriers to entry for new firms as they control all or most of the relevant market forces.

In USA cartels are illegal as per the provision of anti-trust laws.

Hope that helps.

8 0
4 years ago
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