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Nastasia [14]
3 years ago
6

Lillypad Toys is a manufacturer of educational toys for children. Six months ago, the company's research and development divisio

n came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. Three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. What should Lilypad's managers prepare for next?a. increased competition from imitatorsb. a prolonged period of uncontested successc. a sharp decline in demand for the productd. a difficult struggle to move from invention to innovation
Business
1 answer:
Reptile [31]3 years ago
7 0

Answer:

Option A; INCREASED COMPETITION FROM IMITATORS.

Explanation:

Innovation occurs only when something is entirely new, having never been done before. Innovation also exist when something which may have been done elsewhere is done for the first time in a given industry.

On the other hand, when other competitors in the same industry subsequently copy the innovator, even though it is something new for them, then it is imitation.

When a company comes out with a new product, its competitors typically go on the defensive, doing whatever they can to reduce the odds that the offering will eat into their sales. Responses might include: cranking up marketing efforts, offering discounts to channel partners and even lobbying for regulations that would hinder the rival's expansion.

Therefore, Lilypad's managers should prepare for INCREASED COMPETITION FROM IMITATORS next.

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When managing processes, it is vital that:
LekaFEV [45]

Answer:

c. attention is paid to competitive priorities and strategic fit.

Explanation:

Managing process is the top level activity it involves various activity and decisions for the growth of an organization. It clearly states that the company shall grow, what are the goals, what are the objectives and what are the strategies.

This clearly reflects that management's main concern is to strategic performance, and how does it create a space in the market share, as gaining from competitive advantage.

8 0
3 years ago
Marcie and her husband, Franklin, each own 50 shares of Chestnut, Inc. Sally, Marcie's old high school friend, owns the remainin
RSB [31]

Answer:

$38,000 Dividend

Explanation:

Based on the information given the tax treatment of the redemption to Marcie will be $38,000 dividend reason been that her husband shares was been attributed to her, and Since she owns 60 shares her remaining 10 shares including that of her husband 50 shares of Chestnut's will be 110 shares calculated as 150 shares - 40 shares outstanding.

Therefore when we look at this 60 shares/110 shares is greater than 50% which means that Marcie fails the 50% test which makes the redemption to be treated as a dividend.

Hence, the tax treatment of the basis of the shares redeemed will be $38,000 Dividend.

8 0
3 years ago
Why is education considered as foundation of any proffession.
olchik [2.2K]

Answer:

because you need to know certain things to be able to understand and properly do a job

Explanation:

3 0
3 years ago
Earthquake, drought, fire, economic famine, flood, and a pestilence of TV court reporters have caused an exodus from the City of
Len [333]

Answer:

Buy

Explanation:

First, we need to find out what is the cost incurred by the company in building the power station and after that, we will compare that cost with the selling price of the power from Tri-county G&T. the lower-priced option will be considered as best option.

Cost incurred by the company in building the power station = $10,000,000 + (150,000 x $35)

Cost incurred by the company in building the power station = $10,000,000 + $5,250,000

Cost incurred by the company in building the power station = $15,250,000

Selling price of the power from Tri-county G&T = 150,000 x $75

Selling price of the power from Tri-county G&T = 11,250,000

Decision: It would be a wise option for the company to buy it. From buying the power the company will save $4m.

3 0
3 years ago
What is an advantage of using a comparsion method of assesment ?
stepan [7]
B (sorry if its wrong!!)
5 0
2 years ago
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