In recent years, new mp3 and digital technologies have replaced compact disks. This is an example of creative destruction.
Creative destruction is an economic concept most closely identified with the Austrian-born economist Joseph Schumpeter since the 1950s. Schumpeter derived it from Karl's work on Marx and popularized it as the theory of economic innovation economics. Sometimes called a Schumpeter storm.
According to Schumpeter, a 'creative destruction storm' is a process of industrial mutation that is constantly transforming the economic structure from within, constantly destroying the old and always creating the new. ”.In Marxist economic theory, the concept more generally refers to the interconnected processes of wealth accumulation and destruction in capitalism. We owe the first use of these terms to German sociologist Werner Sombart in his book War and Capitalism (1913).
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Yes, I think it is important to save for retirement as early as 18 years old. I think this so that if anything goes wrong you can have kind of like a safety net.
Answer: harvesting
Explanation: A harvest strategy is a business plan for either canceling or reducing a product's advertising expenditure. The management decides that improving revenue would expense too much.
In other words, when contemplating likely future sales from the drug, they could not justify the expense.When a commodity has arrived at the end of its life cycle, marketing managers pick a good harvesting approach. They target at generating the maximum return from whatever sales scope is left.
Thus, from the above we can conclude that the correct option is E.
Answer: Repeat
Explanation:
When the customers are adopting the product permanently and use in their daily life routine then, they known as the repeat purchasers. The repeat purchaser basically purchase the products very frequently.
The process of repeat purchasing basically indicate that the customer loyalty towards the particular brand and it maintain the customer relationship.
Therefore, if more than 60% of men purchasing the product Gillette fusion razor then they known as the repeat purchaser as they adopted the given product permanently.
Answer:
The credit terms 2/10, n/30 are interpreted as:
- 2% cash discount if the amount is paid within 10 days, or the balance due in 30 days.
Explanation:
I will explain using an example:
On January 2, the company sells $1,000 worth of goods with credit terms 2/10, n/30.
January 2
Dr Accounts receivable 1,000
Cr Sales revenue
If the client pays within the discount period:
January 11
Dr Cash 980
Dr Sales discounts 20
Cr Accounts receivable 1,000
If the client pays after the discount period but before 30 days:
January 31
Dr Cash 1,000
Cr Accounts receivable 1,000
