For Polaroid, the addition of the 3D pen to the U.S. market would be viewed as a <u>market development</u> strategy on product-market matrix.
<h3>What is a product-market matrix?</h3>
This refers to a business map that helps the Product Managers to map the strategic market growth of their products. This Matrix was named after Igor Ansoff, who was a a mathematician and business manager who published an essay outlining the matrix in the Harvard Business Review in 1957.
The 4 strategies of Ansoff Matrix (product-market matrix) includes:
- market penetration
- market development
- product development
- diversification.
In conclusion, the addition of the 3D pen to the U.S. market would be viewed as a market development strategy on product-market matrix.
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A few of the following can be considered major factors in failure of small businesses:
-Lack of financial planning: when a business is born it needs to critically plan out the first few years of running. Small business often fail to plan out for the future and have less working capital at hand.
-Lack of expertise: small business cannot afford specialist managers and this may be a reason for failure
-no investment in marketing and research can also be a reason.
Answer:
It is the sole responsibility of supervisors.
Explanation:
Strategic planning includes setting objectives or goals and allocating resocurces to achieve set goals. The goals could be long or short term.
Strategic planning can span for years.
The strategic goals would vary from company to company because the aims and objectives of companies differ.
I hope my answer helps you.
The trial balances of the Cobras Incorporated as of the given date and position will tally a balance of $62,400.
<h3>What is a trial balance?</h3>
A table that contains all the debit and credit balances from all the ledger books of accounts of a business organization as on a given date is known as the trial balance of such organization.
The trial balance has been attached in the image for better understanding of the concept for the learners. Please refer to the same for more insights.
Hence, the concept of trial balance has been explained above.
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Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.
<u>Explanation:</u>
Expansion happens when an economy becomes because of expanded spending. At the point when this occurs, costs rise and the money inside the economy is worth short of what it was previously. The cash basically won't purchase as much as it would previously. At the point when a cash is worth less, its swapping scale debilitates when contrasted with different monetary standards.
There are numerous strategies used to control swelling; some function admirably, while others may have harming impacts. For instance, controlling swelling through pay and value controls can cause a downturn and cause work misfortunes. One well known strategy for controlling swelling is through a contractionary financial arrangement.
The objective of a contractionary strategy is to lessen the cash supply inside an economy by diminishing security costs and expanding loan fees. This diminishes going through in light of the fact that when there is less cash to go around: the individuals who have cash need to keep it and spare it, rather than spending it. It additionally implies there is less accessible credit, which can diminish spending. Diminishing spending is significant during expansion since it helps stop monetary development and, thus, the pace of swelling.
There are three fundamental instruments to complete a contractionary approach. The first is to build financing costs through the national bank. On account of the U.S., that is the Federal Reserve. The Fed Funds Rate is the rate at which banks acquire cash from the legislature, yet so as to bring in cash, they should loan it at higher rates.1
