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jek_recluse [69]
3 years ago
6

Schumpeter's thesis of "creative destruction" is an explanation of economic progress resulting from: Select one:

Business
1 answer:
Sauron [17]3 years ago
6 0

Answer:

A. new product producers driving incumbent producers out of business.

Explanation:

Under Schumpeter's view, the concept of creative destruction, which he introduced in his work: capitalism, socialism and democracy, refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.

Schumpeter's view of creative destruction was positive, and he thought that it was an essential part of a market, capitalist system, because this system gives economic agents the incentive to innovate.

An classical example of creative destruction ocurred when Steve Jobs introduced the Iphone in 2007. His new product was so much more innovative and preferred, that it literally "destroyed" the market for blackberry and Nokia phones.

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An important marketing metric used to evaluate how well firms perform on the five service quality dimensions is the __________,
Pavlova-9 [17]

Answer:

<u>Zone of tolerance</u>

Explanation:

Zone of tolerance with respect to a service refers to, the acceptable range to a customer, that lies between the perceived desired level of service expected and the minimum level of service acceptable.

The service which the customer anticipates or expects to be delivered by a firm is referred to as predicted service.

Customer expectations do not depict a single level of expectation, rather they follows a range of expectations. This range is represented as zone of tolerance.

If the service received lies in the zone of tolerance, the customer would be satisfied. If it is higher than the desired level, the customer would consider it exceptional.

In case the service received falls below the minimum level of acceptance, the customer would be disappointed and feel deceived or tricked.

4 0
3 years ago
Return on Common Stockholders' Equity
attashe74 [19]

Answer:

Explanation:

Return on common stockholders' equity for 2015:

(Net income - preferred stock)/Equity

(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%

Return on common stockholders' equity for 2015:

(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%

From these calculations, it is clear that return has improved.

8 0
3 years ago
"this process of continuous alteration was applied not only to newspapers, but to books, periodicals, pamphlets, posters, leafle
natta225 [31]
<span>Answer: This passage refers to the process of changing the past, which is Winston's job. By controlling the past, the Party is able to manipulate the minds of Party members.</span>
7 0
3 years ago
Use these rental pricing data to answer the questions below: City 2009 Rent 2015 Rent Boise $583 $745 Boston $1,577 $2,150 Seatt
lisabon 2012 [21]

Answer:

Rate of change of rent [Seattle] = $95.5

Explanation:

Given:

2009 Rent $583

2015 Rent  $745

2009 Boston $1,577

2015 Boston $2,150

2009 Seattle $958

2015 Seattle $1,600

Find:

Rate of change of rent [Seattle]

Computation:

Rate of change of rent [Seattle] = Change in price / Change in time

Rate of change of rent [Seattle] = [$2,150 - $1,577] / [2015 - 2009]

Rate of change of rent [Seattle] = $573 / 6

Rate of change of rent [Seattle] = $95.5

8 0
3 years ago
If, in the market for money, the amount of money supplied exceeds the amount of money households and businesses want to hold, th
Sloan [31]

If, in the market for money, the amount of money supplied exceeds the amount of money households and businesses want to hold, the interest rate will  rise, causing households and businesses to hold less money.

Option A

<u>Explanation: </u>

Fiscal policy is the central bank's macroeconomic policy. This covers the supply of money and interest rate control and is also the demand-side economic strategy of a country's government for achieving macroeconomic targets such as inflation, investment, productivity, and liquidity.

If the required quantity is above the amount given, people sell the property to obtain money like bonds. It leads to an increase in bond supply, a drop in bond prices and a higher market interest rate. If the volume supplied meets the necessary number, capital is increasing by purchasing a certain property, such as bonds.

The supply of money meets the demand for money, and the real rate of interest is higher than the number of equilibrium.

7 0
3 years ago
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