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katrin2010 [14]
3 years ago
5

Winter Wonder Inc. is a leader in producing winter sports equipment, including skis and skates. Recently, the firm decided to ex

pand into the bobsled market and acquired Sleds by Bob Inc. This company produced bobsleds, but its sales had slowed. The managers of Winter Wonder convinced themselves that they were able to manage the business of Sleds by Bob more effectively even though they had no experience in the bobsled market. However, this move backfired and the sale of Sleds by Bob's bobsleds plummeted. Which of the following terms is often used to describe this scenario?a) winner's curse.
b) managerial hubris.
c) winner's disadvantage.
d) interdepartmental apathy.
Business
1 answer:
igor_vitrenko [27]3 years ago
5 0

Answer:

b) Managerial hubris

Explanation:

Based on the scenario being described within the question it can be said that the term that is often used to describe this would be Managerial hubris. This term refers to the unrealistic belief by managers that believe that they can manage a target firm's assets better than that firm's current management. Which is what is happening in this scenario since the managers at Winter Wonder believe that they can do a better job at managing the Sleds by Bob business better that their current managers.

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your self-interest; their self interest

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When people make a decision to produce the good that you are buying, these people are making their decision in their own self-interest. This could also be to make money.

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Looking back over the last ten years or so, what was changed in your workplace? What do you think will happen next in your work
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As 2020 draws near, it’s hard not to reflect on the past decade- so much has changed in the 10 years that flew by. In 2010, those who even had a smartphone were carrying around an iPhone 4 or a BlackBerry OS 6.0 version.

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“So many things have happened in the last decade that have really accelerated this change from competition to collaboration,” said Ann Shoket, workplace thought leader and former Editor-In-Chief of Seventeen Magazine.

“So first of all this old idea that there was room at the table for one woman, and you would fight tooth or nail for that spot, so obviously there was a lot of competition, particularly among women.

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2. It’s an employee market, not an employer market  

“Reflecting back on 2010 and what the economic circumstances were versus where we are at today, the competition for talent was very different in 2010 than as we enter 2020,” said Rhiannon Staples, the Chief Marketing Officer at Hibob.

Low unemployment rates today mean that job seekers have more options, and employees have more leverage in terms of what they can expect of their company due to the competition for top talent.

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8 0
3 years ago
Losing a customer once means losing the entire stream of possible purchases that the customer would make over an extended period
sdas [7]

Answer: (D) Customer lifetime value  

Explanation:

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The customer lifetime value is refers to the metric of net profit in an organization and it also helps in making various types of decision in an organization in terms of development, marketing and the customer support.

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5 0
3 years ago
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gavmur [86]

Answer:

Break-even point in units= 10,375

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Giving the following information:

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Break-even point in units= fixed costs/ contribution margin per unit

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Break-even point in units= (64,000 + 19,000) / 8

Break-even point in units= 10,375

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