Strategy is the The plan of action that prescribes resource allocation and other activities.
<h3>What is a strategy?</h3>
This is a term that is used to refer to the action plan that people have developed towards finding solutions to existing problems.
The strategy that is employed in issues is usually one that is to be used to create an ending to the problem that may be in existence.
Read more on strategy here:
brainly.com/question/24769299
#SPJ9
Answer:
The advantages of entering a market early are:
First mover advantage
Less competition
Patents
The advantages of entering a market late includes:
Certainty
Less research and development costs
Explanation:
First mover advantage refers to the benefits that accrues to a business from being a pioneer in one line of business,the company would be able to charge a price high enough to cover its costs and above all make profits.
At early stage of an industry,competition is less,larger market share can be gained.
Entering a market early makes it possible for a company to acquire patents that prevent others from producing products of its kind.
Also,entry a market late brings some benefits,in that the structure of the market is already known,uncertainty around the size of the market has given way and also the research and development costs can be minimized as the product specification is well known.
Answer:
Explanation:
the diagram of circular flow, shows the graphical representation of the exchange of goods, services and money between two parties as are families and businesses, where families exchanged money for goods and services and the companies through these monies that they receive to acquire factors of production to provide to the families.
Answer:
A corporation has the ability to attract capital more than the limited partnership
Explanation:
Corporation is defined as a group of people or company that come together to operate a business as a single entity with the approval of the government through incorporation.
Being a legal entity on its own , ownership is separated from the owners as the business itself can be held legally liable and it also pay income tax on the profits.
One of the advantages of corporation over the other forms of business is the ability to attract capital through issuing of share stocks , which form the basis of the size of ownership of each member.
<span>C. Val always thought snowmobiles were really cool.</span>