Without new products, Erik can market his current products only to his current market the same products to similar customers
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Explanation:</u></h3>
New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.
But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.
Answer:
The correct answer is letter "B": are deliberate and use many informal social contacts.
Explanation:
Sociologist and Professor E.M. Rogers (1931-2004) proposed The Diffusion of Innovations Theory which is a concept that relates several consumers' factors with the time they take to adopt technological innovation. Those influential factors are individuals' opinions and the rate at which they can interact with the innovation. According to the theory, consumers can be classified into five (5) groups:
- Innovators: <em>venturesome, higher educated, use multiple information sources.
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- Early adopters:<em> leaders in a social setting, slightly above average education.
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- Early majority:<em> deliberate, many informal social contacts.
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- Late majority:<em> skeptical, below-average social status.
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- Laggards:<em> fear of debt neighbors and friends are information sources.</em>
-Individuals involved in the conflict is encouraged to come together.
-Every individual involved in the conflict expresses his or her opinion in an open manner.
-Every individual involved in the conflict is encouraged to offer a solution.
-Discuss all the solutions and decide on the one that satisfies everyone.
Answer:
The correct answer is letter "D": strike vote.
Explanation:
Collective Bargaining is the act by which employees organized in labor unions negotiate with employers (mainly managers) about compensations and work conditions. <em>Wages, working hours, merit pay, </em>and <em>vacation length</em>, are common topics of discussion between the two parties.
<em>A strike is the stop of operations of a company because of unattended labor union request. The decision of going on a strike or not relies merely on the union and the </em><u><em>strike vote</em></u><em> is subject to that group only.</em>
