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aleksley [76]
4 years ago
9

"Kodak focused on maintaining market dominance over Polaroid and Fuji but failed to consider Sony, Nikon, Canon, and even smartp

hones. What mistake did Kodak make? ​"
Business
1 answer:
Andreyy894 years ago
8 0

Answer: It only focused on brand competitors

Explanation:

The options to the question are:

A) It idenfied the wrong brand competitors.

B) ​It was too obsessed with market dominance.

C) It only focused on brand competitors.

D) It didn't engage in competitive analysis.

E) It refused to collaborate with its competitors.

From the question, we are informed that Kodak focused on maintaining market dominance over Polaroid and Fuji but failed to consider Sony, Nikon, Canon, and even smartphones.

The mistake made by Kodak was that it only focused on brand competitors. Kodak failed to realise that firms such as Sony, Nikon, Canon, and even smartphones are competitors as well.

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3 years ago
which of the following is true about product life cycles? group of answer choices a reminder promotion is normally used in the i
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Based on business strategies and production, the statement that is true about product life cycles is "Early adopters buy in the introductory phase."

<h3>What is the Life Cycle of a Product</h3>

The life cycle of a product is a term that is used to describe the proportion of time a product goes from being introduced into the market by the producers until it's taken off the shelve.

Usually, the product life cycle is in different stages, and each of the stages is important to the success of the products in the market.

<h3>The Life cycle of a product is the following:</h3>
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Generally, the in the introduction stage of a product's life the early adopters are the first category of consumers that try new products before most other consumers key into it.

Hence, in this case, it is concluded that the correct answer is option c. "Early adopters buy in the introductory phase."

Learn more about the Product Life cycle here: brainly.com/question/7510515

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