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Brilliant_brown [7]
3 years ago
5

Ziff Corp. was a leading electronics firm for about three decades. As new competitors entered the industry, Ziff Corp's market s

hare dropped. The managers at Ziff Corp. refuse to change any of their strategies, as they believe that their existing strategies will get them back to becoming the market leaders as they did in the past. This scenario is an example of _____.
Business
1 answer:
Viktor [21]3 years ago
4 0

Answer:

The correct answer is competitive inertia.

Explanation:

In physics the principle of inertia is studied, which is explained as "Every body that is not subjected to any force will remain at rest" or also as "The resistance of the bodies to change their state of rest or movement without the intervention of any strength". These concepts fit perfectly into the world of organizations, since these bodies can be seen as a team of people who interact with each other (work team), towards a common vision.

Competitive inertia refers to the tendency of companies to remain at rest or to continue moving in a certain strategic line unless stimulated by some external force.

You might be interested in
Jerry, the manager at Cayman's Inc., strongly believes that his subordinates prefer to be directed, avoid responsibility, and fr
DerKrebs [107]

Answer:

Theory X

Explanation:

Theory X is one of the types of management. In this type of management, the managers presume that the employees are not motivated towards their work. They step out with methods like remuneration and increments to motivate the employees. These additional benefits are provided to them when the employees show great responses in tangible forms. The managers hold the thought that the employees need to be controlled and threatened to bring the maximum output of them. They also assume that the employees need constant supervision at every stage of their work.

In the given excerpt, it is evident from the steps taken by Jerry that he is a Theory X manager.

3 0
3 years ago
Which situation best illustrates the effects of inflation?
Vlad1618 [11]

Answer: C: The cost of rice at a market rises by 20 percent over three years.

Explanation:

inflation is a measure of the rate of rising prices of goods and services in an economy.

7 0
3 years ago
Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing produ
Sonja [21]

Answer: product platform

Explanation:

Product platform is simply referred to as the common elements regarding the products of a company. When a new product is introduced into a particular market, the existing elements can be used.

Since Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products, the product platform is attributable here.

5 0
3 years ago
Assume the indirect method is used to compute cash flows from operations. For each item listed below, indicate the effect on net
masya89 [10]

Answer:

1. increase in accounts receivable            Deduct from net income  

2. increase in inventory                            Deduct from net income  

3. decrease in prepaid expenses           Added to net income  

4. Decrease in accounts payable           Deduct from net income  

5. increase in accrued liabilities           Added to net income  

6. increase in income taxes payable  Added to net income  

7. Depreciation expense                          Added to net income  

8. loss on sale of investment                  Added to net income  

9. Gain on disposal of equipment         Deduct from net income  

10. Amortization expense                         Added to Net income

Explanation:

5 0
3 years ago
In a economy, the government owns the means of production.
Daniel [21]

Answer:

(a) Command

Explanation:

A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.

This ultimately implies that, in a command economy, the government owns the means of production.

Societies that operate a command economy generally practices communism.

Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.

It ultimately aims to ensure each person contributes and receives according to their abilities and needs.

Vietnam, China and Cuba are examples of communist countries that operate a command economy.

In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.

5 0
2 years ago
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