Answer:
The correct answer is the letter B. “the sector of the economy that earns profits that are higher than average”
Explanation:
The underground economy refers to the informal economy, that is, productive activities that are not declared to the government and therefore are not under taxation. Thus, the profits earned from these activities are higher than average, since they do not pay taxes.
Answer:
Option (3) is the correct answer to this question.
Explanation:
Leader Innovation:-
The product introduced by the company is technologically advanced and is based on its business model.
Innovation leadership is a theory and a methodology that incorporates various types of leadership to motivate workers to create new ideas, goods and services. The innovation leader plays a crucial role in the practice of innovation leadership.
This consideration is related to the socio cultural environment:
a.) A new business decides to begin with the city its owners live in
since they are familiar with the local geography and tax issues.
Explanation:
The socio cultural environment one is familiar with influences them in many ways.
This also includes their choice of place for where they will start the business simply because they know that domain much more and it will be easier to be effective in there.
This is the reason that people are often told to be in their familiar turf.
The new business will be able to use its full contacts and have an insight on what works and what doesn't because they operate from their own area.
Answer:
The correct word for the blank space is: competitive.
Explanation:
Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:
- Cost-plus pricing.<em> Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm.
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- <u>Competitive pricing</u>.<em> Implies establishing the price of a product similar to what competitors in the market have set.
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- Value-based pricing.<em> It requires setting the price of goods and services based on what consumers think the price should be.
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- Price skimming.<em> Involves pricing a product high at first and changing the price according to market fluctuations.
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- Penetration pricing.<em> Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.</em>
Answer:
a. architectural innovation.
Explanation:
From the question we are informed about Canon who was able to redesign the copying machine so that it didn't need professional service—reliability was built directly into the machine, and the user could replace parts, such as the cartridge. What Xerox had not envisioned was the possibility that the components of the copying machine could be put together in an altogether different way that was more user-friendly. In this case This example describes architectural innovation.
Architectural innovation can be regarded as innovation of an architecture which involves
reconfiguration of products technology that has been in existence so that improvement can be made. It is way to innovate products that can undergo changes as well as modified one that has its components link together.
