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Svetach [21]
3 years ago
6

Why do technological monopolies only last for a short period of time?​

Business
1 answer:
Alja [10]3 years ago
4 0

<u>Explanation:</u>

All the technological monopolies have obtained patent rights for the products which is only for a short period of time. Beyond that time there are various substitutes and imitated products in the market similar to original products.

Also technological monopolies set higher prices for their products but the substitutes are priced lower so customers choose to take substitutes when they are in the market.

Also the technology becomes obsolete very quickly when there is a new technology. In the current market scenario the technology keeps upgrading day by day. When new technology arrives the old ones become obsolete.

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Elotrik, a company that manufactures and supplies epilators, implements a marketing strategy to popularize its epilators and rep
zzz [600]

Elotrik best illustrates the concept of design competition by trying to counter and stay in the market.

<h3>What is design competition?</h3>

This is a procurement strategy that is used in business in order to have an organization stay in a market.

This is what this business has obviously done here through the introduction of new offers as well as discounts.

Read more on design competition here:brainly.com/question/1622190

6 0
2 years ago
Loggers, conservation agents, and miners are often outside. What would be good or bad about working outside?
34kurt
Why It Would Bd Good:

Getting outdoors can do great things for your health. Reducing stress, lowering blood pressure and improving immune function are among nature's health benefits. What's more, incorporating elements of nature into your workday can also give your brain a boost, resulting in increased productivity, focus and creativity

Why It Would Be Bad

You could pass out, and there’s many health issues, that come when people have outside jobs.
4 0
4 years ago
Venezuela is a socialist country where the average tariff rate on imports is 8.6%. This rate is fairly high. Non-tariff barriers
jekas [21]

Answer:

There are number of trade barriers that increases the cost of imported goods which an economy thinks is necessary for the protection of its local firms or developing firms. These restriction includes administration workload, import duties, quotas, embargoes, ban on import on certain products, subsidies provided to local firms to compete foreign companies, etc. These all restrictions from the government has decreased the chances of entry of foreign firms.

This also effects the local firms who have started exporting their products and this sufferings are all because they have no control on cost if they buy machineries that costs them higher. This makes their product less competitive in the international markets.

5 0
4 years ago
How do entrepreneurs contribute to nation economically
Finger [1]
Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.
3 0
4 years ago
Rashid, the CEO of Top Productions, said to his new vice president of accounting, "In the past I had resistance to new ideas by
STALIN [3.7K]

Answer:

The correct answer is (e)

Explanation:

Strategy implementation is an integral part of business activities. It is the responsibility of managers to keep an eye on all the process and make sure that all strategies are properly implemented. So, selling middle and supervisory manager on changes to overcome their resistance is often a necessary part of strategy implementation. It’s their duty to handle the resistance from employees and other staff members.

5 0
3 years ago
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