Answer:
d. higher product quality.
Explanation:
Globalization has led to <u>higher product quality</u>. Globalization is a preeminent idea that has converted to the main constituent in the business world through the last several decades. Consumers have a wide abundance of choices in the market furthermore this concerns their behaviors. They want to obtain goods as well as services quickly including in a more effective way than previously. They additionally expect tremendous quality moreover low charges.
Answer:
Dutch Auction
Explanation:
The type of auction that is being described is called a Dutch Auction. Like mentioned in the question this is a type of auction in which the buyer initiates the process by submitting a description of the desired product or service, and when selling a high asking price is set and lowered until a participant accepts or the reserve price is met.
Answer:
The phenomenon that is likely to occur is Crisis Prevention. as a result of a contingency plan put in place ahead of time by the proactive Marketing Team Lead
Explanation:
The first stage in a crisis management model pre-crisis phase.
The pre-crisis phase is is concerned with prevention and preparation.
A proactive leader develops a contingency plan ahead of an impending crisis.
A business contingency plan is a course of action that an organization would take if an unexpected event or situation occurs. It helps to ensure preparedness for unforeseen circumstances like the one highlighted here.
Faced with the pressure to come up with an impressive advertising campaign within forty eight hours or face bankruptcy, a proactive team lead would likely save the day with contingency plan he had already worked out.
At Equitable, We Believe That The Best Plan For The Future is One Tailored To You. Equitable Can Help You Plan for the Future, No Matter How
Answer: Option E
Explanation: Differentiation strategy refers to the strategy which a company uses to introduce a unique kind of product to the market so that a separate customer base could be prepared. This strategy is implemented to get competitive advantage over the others.
In the given case, company is encouraging its employees to bring new ideas. Hence they want some innovation for the betterment of the company.
Hence we can conclude that the company is using differentiation strategy.
