Answer:
The first mover that creates a revolutionary product is in a monopoly position.
Explanation:
First Mover is the big initiator of a new product, which gains a competitive 'first mover advantage' for being the pioneer of the idea in the market.
- The first mover can be able to establish brand loyalty
- Being a first mover doesn't guarantee instant success
- The first mover can create switching costs for its customers to deter rivals.
The only apt statement is : The first mover that creates a revolutionary product is in a monopoly position. The first mover enters the market when there is no major supplier & the customer's demand is unmet. If it enables to leverage the potential huge unsatisfied market in a revolutionary way, it can be able to create unparalleled brand loyalty. And this can make it secure monopoly position in market
Answer:
One of the great dangers in allocating common fixed corporate costs is that such allocations can make a product line look less profitable than it really is.
Explanation:
Therefore, care must be exercised so that a product line is not eliminated because the common fixed costs have been allocated to it such that it becomes unprofitable. This is why it is necessary to identify activity cost pools into which such fixed costs can be accumulated and from which they can be allocated to product lines. Using ABC costing approach, for instance, offers a means of escape because the system tries to allocate costs based on the level of usage or consumption of such common costs by each product line instead of using arbitrary allocation formulas.
It is called networking.
Networking is the informal social exchange of information and ideas between people who share a profession or a common interest. Networking frequently begins with a single point of commonality.
Networking is making use of personal, commercial, academic, or family relationships to help with a job hunt, attain career objectives, learn more about your industry, or another sector in which you'd like to work. Networking might help you learn about career prospects or gain access to a firm one want to work for.
Therefore, the answer is networking.
To know more about networking click here:
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Answer:
The correct answer is: Cost-Plus Pricing Strategy.
Explanation:
To begin with, a ''Cost-Plus'' is the name that a pricing strategy receives in the field of marketing and business that mainly focuses on the pricing of a product by the cost of it plus a certain porcentage of benefit, considering this last one as the benefit margin. Moreover, this type of pricing strategy is one of the most common ones in the field, typically the businesses use this type of pricing strategy due to the fact that it is easy to establish and it does not consider complex terms.
Secondly, in this case where the manager notices such a difference in the prices of the two cans is due to the fact that the manufacturer put less commodities and less effort in the can of 16-ounce rather than in the other can of 32-ounce where there is more soup and therefore there is more cost in that can, establishing that a higher price must put in that one.
Answer:
The answer is "Whenever a court requires him to use the res ipsa loquitur doctrine, he possibly would succeed".
Explanation:
Res ipsa loquitur is also an English common law doctrine which claims in an action for tort, throughout the absence of direct proof on whether any defendant acted, a jury may conclude neglect of the nature of an illness or incident. It is used in circumstances in which the complainant is not presented sufficient proof that the offender is not liable.
