Answer:
True
Explanation:
Market offerings can be defined as a company's complete offer to its customers and target market, including the product it sells, delivery, technical support, etc.
Market myopia happens when the company has an inward looking approach, the company wants to sell what they produce, not what consumers' need and want. This will eventually lead to business failure since the company will not be able to adapt to market changes, e.g. Nokia insisted on manufacturing regular cellphones instead of smartphones because it was the world leader in the manufacturing of regular cellphones.
The problem that Bob will most likely face in terms of
evaluation and feedback step in the decision making process is when Bob’s
gathered information may be neglected when the plan that he has done has been a
success or it has been a failure.
Answer:
Explanation:
Q(8) =15 - 0.5 x 10 - 0.8 x 8 = 15-5-6.4=3.6
Q(10) =15 - 0.5 x 10 - 0.8 x 10 =15-5-8= 2
Cross Elasticity = -0.2 / 0.8 = -0.4
Answer: creeping featurism
Explanation: Creeping featurism is a slang used for the term feature creep. It refers to the problem faced by the consumers due to continuous addition of features in an existing product. These addition make the product more complex and hard to use for the users.
In the given case, some customers of mobile phone have a belief that the new features added to the phones have made it complex and less reliable.
Thus, we can conclude that the given case is an example of creeping featurism.
