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MrRissso [65]
3 years ago
9

If your organization, product, idea, and solution cannot be first-to-market or first-to-mind then be first in a category, includ

ing categories that your firm establishes. This principle, or law, is best described as the principle of:
Business
1 answer:
Mkey [24]3 years ago
5 0

If your organization, product, idea, and solution cannot be first-to-market or first-to-mind then be first in a category, including categories that your firm establishes. This principle, or law, is best described as the principle of: Category

<h3><u>Explanation:</u></h3>

The principle of Category refers to the strategy that is being followed by an organisation with the aim of attaining the first-mover advantage  and also in gaining the market share. It is essential for the company to launch newer products in order to stay competitive.

First to market refers to the process of gaining the confidence from  the consumers and that results in the gaining of market share. First to mind refers to the process of projecting your products or services in the minds of the consumers when they think to get similar products or services. These all comes under the principle of Category.

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Companies that have become successful with a limited standard product offering often fall into the trap of subsequently broadeni
DiKsa [7]

Answer:

True

Explanation:

When a company successfully offers a product or few products to customers, it tends to expand the range of products it has to offer.

For a <u>company to increase its range of products successfully, it has to realize that it must make corresponding changes to its processes to accommodate the addition of new products.</u>

However <em>oftentimes, companies do not make the necessary changes to their process strategy when expanding their product offerings.</em>

8 0
4 years ago
A relatively low saving rate affects productivity growth by: a. decreasing consumption spending and increasing investment in hum
umka2103 [35]

Answer:

C) causing a shortage of funds for investment in physical capital.

Explanation:

In economics, savings equals investment. Higher investments result in higher productivity, that is why the savings rate of a country is the single most important factor in determining future economic growth.

Low savings rate means that current consumption is very large, and that benefits economic growth on the short run (very short run, like 1 or 2 years), but future economic growth will suffer from it.

Imagine your house as the total economy of a nation. You earn $1,000 per month and must decide how much to spend right now and how much to save for future spending. If you spend the $1,000 right now, you will purchase several things and enjoy them immediately. But what happens in one or two weeks. Since you do not have any more money left, you cannot purchase anything else, which reduces your future joy.

Investment increases future wealth and fosters economic prosperity.

5 0
3 years ago
Read 2 more answers
Which section of a business plan gives details about a business’s core products and services?
yuradex [85]

Answer:

the executive summary. (more info below)

Explanation:

A strong executive summary is a convincing one. It shows the mission statement of the organization, along with a brief summary of its goods and services. It may also be a smart opportunity to clarify briefly why you are beginning your company and to give specifics about your background in the field that you are joining.These four key sections are what the 4 major sections of a business plan, the executive summary, marketing plan, key management bios, and financial plan.

hope this helped!

5 0
4 years ago
How does the following transaction impact cash flow?
Sloan [31]

Answer:

Increase

The accounts receivable asset shows how much money customers who bought products on credit still owe the business; this asset is a promise of cash that the business will receive. Cash doesn’t increase until the business collects money from its customers.

5 0
4 years ago
The current price of the Volkswagen ADR (VWAGY) is 35.50. You purchase 50 shares on margin. You finance half of the purchase you
Zinaida [17]

Answer:

33.77%

Explanation:

In one year, you are going to receive ($42 x 100) + ($0.56 x 100) = $4,256

you must return ($35.50 x 50) = $1,775

plus interests = $1,775 x 6% = $106.50

total return = $4,256 - $1,775 - $106.50 = $2,374.50

you invested $1,775

return on your investment = ($2,374.50 / $1,775) - 1 = 33.77%

5 0
3 years ago
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