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tatuchka [14]
3 years ago
10

Nico wants to buy a new digital camera for his semester studying abroad but he knows very little about cameras, having never own

ed one. As a result, he has begun asking for advice from friends and relatives. In addition, he has talked to salespeople at a Wolf camera shop and Best Buy and he has looked at some websites. Nico is engaging in _______
Business
1 answer:
Darina [25.2K]3 years ago
3 0

Answer: External research

Explanation:

External research is referred to as or known as a research conducted when an individual does not have any prior knowledge or information about a commodity or product, which further leads the individual to seek data and information from the personal sources such as friends or family and also the public sources i.e. online forums or in other cases the marketer dominated source i.e. sales persons especially at times when an individual’s previous experience is known to be limited.

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An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What are some
anyanavicka [17]

<u>Answer</u>:

An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. There is some other characteristics of this market structure which is as follows:

C: Market control by a few large firms

<u>Explanation</u>:

“Oligopoly” is a market structure in which only some sellers offer similar or identical products. This means only small group of companies are dominating one specific segment of the market. In case any new company tries to enter the same segment, it is difficult for it get established as there are certain barriers created by the existing companies of that segment.  

So, option A is incorrect as it says, “either identical or differentiated products” as the characteristic. Option B is also not correct as it says, “Market control by many small firms” and option D says “No Entry” which is also incorrect.

7 0
3 years ago
what is referred to a process that involves developed action plan that leads to achieving specific goals​
lesya692 [45]

Answer:

The appropriate approach is "Developing strategic plan ".

Explanation:

  • Knowing what it does and reevaluating it to ensure that it is the leading northern star for certain activities seems to be the secret to creating a successful strategic planning strategy.
  • This strategy includes defining the intent, strategies, and procedures of an organization which would be used to achieve those objectives. As such, this strategy seems to be an important aspect of the operation of an organization, even though it is necessary to undertake the process of designing the schedule with serious thought and thoroughness.
3 0
3 years ago
In which stage of the product life cycle is the smashburger restaurant​ concept?
liq [111]
Smashburger Restaurant Concept is under the stage of GROWTH in product life cycle. They already have 370 corporate and franchise outlet all over the world which operates in 9 different countries. It is the stage wherein they are still expanding and the income is still growing.
5 0
3 years ago
_____ _____ includes employee behaviors that are directly involved in the transformation
Bingel [31]

Answer:

Task performance

routine

adaptive

creative task

Explanation:

Task performance

This is a performance assessment system that measures the way and manner a specific task was carried out. This can cover observable work-related behavioral pattern or time and accuracy of task

Routine Task performance

This is a performance assessment technique that involves popular attitude to normal demands or routine.

Adaptive Task performance

This deals with employees behavior towards certain, predictable and unusual job.

Creative Task Performance

This is the development of a useful ideas that can be deployed in both routine and adaptive task.

4 0
3 years ago
A contract provides that if a dispute arises the parties will submit to arbitration. One party files a suit against the other pa
MrRissso [65]

Answer: Submit it to arbitration.

Explanation:

The court will submit the case to arbitration making the lawsuit pending till the outcome of arbitration.

3 0
3 years ago
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