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1 year ago

First movers are? a. firms that take an initial competitive action. b. firms that are first to exit a declining indus

Business

1 answer:

hjlf1 year ago

8 0

First movers are firms that take an initial competitive action.

A service or product that enters the market first and captures a competitive advantage is known as a first mover. Being the first usually allows a business to build a strong brand awareness and client loyalty before rivals enter the market. Other benefits include having more time to perfect its offering and determining the new item's selling price.

Industry's first movers are virtually always followed by rivals looking to capture market share and capitalize on their success. The market share held by the first mover is frequently maintained because it has built a strong enough client base and a large enough market share.

Learn more about first mover here

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How does globalization affect your life?

lina2011 [118]

Globalization affects all lives across the world with the world being completely connected by it. All of the points given here are valid.

Explanation:

Due to a globalized economy we are able to -

-Buy clothes and items from across the world and get them shipped to us. We also are able to buy things made in different parts of the world.

- The communication between the whole world is now clicks away from each other

- The websites we use are created in other countries sometimes.

-The businesses in one's own country are often foreign businesses.

All of these are things that are happening due to globalization as the world has become completely interconnected and interdependent.

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3 years ago

The demand for textbooks is Q = 200 – P + 25 U – 50 P beer. Assume that the unemployment rate U is 8 and the price of beer P bee

Readme [11.4K]

Answer: -0.5

Explanation:

Based on the information given, the price elasticity of demand will be calculated as follows:

= dQ/dP × P/Q

where,

dQ/dP = -1

P = 100

Q = 200 – P + 25 U – 50 P beer

Q = 200 - 100 + 25(8) - 50(2)

Q = 200 - 100 + 200 - 100

Q = 200

Therefore, dQ/dP × P/Q

= -1 × (100/200)

= -1 × 1/2

= -1 × 0.5

= -0.5

The price elasticity of demand is -0.5.

4 0

3 years ago

Suppose you are a manager at an advertising agency who is eager to utilize Covey's advice about delegation. Today, you need to w

yan [13]

Answer:

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Explanation:

They keep up associations with administrators of customer organizations, supervise the office's record group over all orders and create procedures for customers.

So, the customer administrations supervisor is responsible for all parts of the conveyance of work to the customer. Be that as it may, the record head's job goes past only giving a customer what he needs.

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3 years ago

Concord Corporation produces 5000 units of part A12E. The following costs were incurred for that level of production: Direct mat

mart [117]

Answer:

b. $85,000

Explanation:

First, we should prepare the analysis of cost savings if the company buys outside.

Analysis of cost and savings

Purchase (5,000 units × $68) = ($340,000)

Savings

Variable cost = $80,000

Fixed cost = $175,000

Net income effect

($85,000)

The effect is a decrease in net income by $85,000.

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3 years ago

Organizations can utilize a(n) ________ as an internal corporate communication network that uses Internet technology to link co

lukranit [14]

Answer:

The answer to this question is E.database.

Explanation:

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4 years ago