This packaging change is a marketing tactic that may increase sales during the product life cycle's maturity stage.
<h3>What are the Product Stages?</h3>
The product life cycle is the progression of a product through Five distinct stages—development, introduction, growth, maturity, and decline.
<h3>What are the Maturity Stages?</h3>
The maturity stage occurs after the introduction and growth stages. The maturity stage is the longest stage of the product life cycle. In this stage, sales growth begins to decline; the company reaches the highest point in the demand cycle; and advertising strategies have minimal impact on sales growth.
<h3>What are the characteristics of a product in maturity stage?</h3>
The mature stage's main characteristic is that sales volumes are still growing but at a slower rate. The closer to the end of the mature, the slower will be the growth in sales volume. Competition for market share and customers is also more intense.
Learn more about Maturity Stages on:
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C. Public Good (at least I think because the money goes to the public)
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
To answer the question above as to Jean's explanation on Say's Law or The Law of Market.. I agree that "if there is a surplus of goods, there must be unmet of demand for others". Jean's explanation is more of a Capitalist style of management.
Answer:
Both equilibrium wage and equilibrium quantity of labor employed are expected to increase.
Explanation:
Increase in average education level means there are more skilled workers. High-skilled labors often take the production of high-level products/services internationally or create new products/services. The value of output will increase, technical know-how and capital will accumulate.
That creates more work for lowe-skilled labor and incrase their productivity (imagine having better machine to clean the office of a new business of a group of young founders)
Increased productivity and more work to be done will increase both wage and employment.
