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Korvikt [17]
3 years ago
7

Procter & gamble's tide laundry detergent has a predominant share of the detergent market in the united states. It makes $4.

5 billion in sales of this detergent brand. However, the detergent market has reached market saturation in the united states. With this information, what type of product is tide based upon the boston consulting group's market growth/market share matrix?
a. Dog
b. Cash cow
c. Star
d. Pig
e. Question mark
Business
1 answer:
Schach [20]3 years ago
7 0

Answer: b. Cash Cow  

In the Boston Consulting Group’s market growth/market share matrix, a business is classified as a cash cow if it holds the leading market share in its market, but the market does not provide much opportunities for growth.

Since Tide holds a predominant share in the detergent market in United States and since the detergent market is saturated, we can classify Tide as a cash cow.

The cash generated from cash cows are generally used to fund other projects and research and development.

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Hofstede isolated four dimensions that he claimed characterized the cultures of different countries. Briefly describe each of hi
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His four dimension are power distance, individualism vs collectivism, uncertainty avoidance, and masculinity vs femininity.

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  • The theory of the cultural dimensions given by the Hofstede expresses the cross-culture communication that takes place within the organization and they are associated with the values on the society.  As cultures differs managerial practices also change.
  • The power distance is the first dimension which states that the members arrange themselves in a hierarchy and those who are less powerful are in a society of acceptance and Uncertainty avoidance is the dimension that describes the extent to which the society is at ease with the risks.
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Along a given downward-sloping demand curve, an increase in the price of a good will: have no effect on consumer surplus. increa
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