1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lorasvet [3.4K]
3 years ago
14

When a dominant firm quickly copies the new product innovation of a smaller firm so that it is the next firm to make the innovat

ion, it is following a:_____.
a. start-up strategy.
b. retained earning strategy.
c. fast-second strategy.
d. venture capital strategy.
Business
1 answer:
Reil [10]3 years ago
4 0

Answer:

c. Fast-second strategy

Explanation:

Fast-second strategy is when a firm goes to a market place and find what is working therein(fast moving product), hence find a better way of making such product and return back to the market place with the improved product at an increased price.

The idea of innovation basically is to bring change that adds value but such word has now turn to a call in action which inspire firms to look for a fast moving product in the market place and then work on it to making it better.

Fast-second strategy is based on the idea that one can create a better product out of the offering of the pioneer hence carries lesser risk than being the first producer. An example is cars built by Henry Ford, though not the pioneer of classic cars, but he saw a huge market in car manufacturing hence worked towards making the process of making cars better and also brought cars to the masses.

You might be interested in
When the Fed acts as a "lender of last resort," like it did in the financial crisis of 2007-2008, it is performing its role of
Evgesh-ka [11]

Answer:

The answer is Banker's bank

Explanation:

The Fed is performing its role as a banker's bank. The Fed is the U.S or the central bank in most countries are referred to banker's bank. It acts a commercial bank for all banks in the country.

Commercial banks in all countries have an account with the central bank. Commercial banks also have access to very short-term loans when it is in the distress. Banker's bank(The Fed) has the sole authority for the money supply in the economy.

5 0
3 years ago
A trait is not a quality of your own character <br> True or False
Gekata [30.6K]
It would be False...
4 0
3 years ago
Read 2 more answers
Three common methods employed in the clean-up of oil spills are
podryga [215]
Burn surface water
Use bacteria
Skim the surface area
7 0
3 years ago
Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to intervi
zhuklara [117]
The best option among the choices provided that has a significantly higher possibility of being hired in a position at Human Resources would be <span>Michelle, who studied psychology and physiology." It would be a great advantage of Michelle to settle on the job since she already has an adequate understanding of people's emotions.</span>
4 0
3 years ago
Read 2 more answers
The Vice President of Biomedics is trying to decide on the composition of a new product development team. If she chooses members
Marina86 [1]

Answer:

b. Increase in communication and coordination costs

Explanation:

Based on the information provided within the question it can be said that she will likely experience a disadvantage with an Increase in communication and coordination costs. This is mainly due to the fact that those individuals are already used to communicating and coordinating with their teams in a very specific way that they have developed through months of working together. By putting members from different divisions together they have to learn how to coordinate with one another which will take time and money.

8 0
3 years ago
Other questions:
  • Cullumber, Inc. produces three types of balloons—small, medium, and large—with the following characteristics: Small Medium Large
    7·1 answer
  • When considering how well a particular alternative has worked, the critical thinker is someone who is ______ to new ideas and ex
    12·1 answer
  • Quality Progress, February 2005, reports on improvements in customer satisfaction and loyalty made by Bank of America. A key mea
    12·1 answer
  • Stagflation occurs when high inflation combines with...
    9·1 answer
  • Fancy Farms purchased equipment on January 1 at a cash cost of $30,000. The estimated life is 10 years and the estimated residua
    14·1 answer
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.7 pound
    12·1 answer
  • cegg The change in the optimal objective function value per unit increase in the right-hand side of a constraint is given by the
    11·1 answer
  • Who is the richest man in the world
    8·1 answer
  • Apt Adapt Inc. is formed to coordinate the design and delivery of projects and products to help communities cope with the effect
    5·1 answer
  • What are chemical contaminants?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!