Answer:
The correct answer is True.
Explanation:
The concept of “Disruptive Innovation” is relatively new, it was introduced by Clayton Christensen in 1997 in the book “The innovators dilemma” and refers to how a product or service that originally was born as something residual or as a simple application without Many followers or users quickly become the leading product or service in the market.
Disruption therefore occurs when emerging companies use new technologies or new business models and outperform the market that were the leaders until then.
There comes a time when users do not perceive as a differential advantage the type of evolutionary innovation that has been applied to a product, because they no longer need all those new features that the manufacturer has added to increase the profit and then the manufacturer becomes vulnerable and the evolution of that particular product ceases to be decisive, from that moment the price of that product can become decisive or another product will arrive with a new disruptive technology that will compete with the previous product and with the established technology. The most normal is that new products or services are easier to use and cheaper than products that were already on the market before and thus quickly capture the interest of consumers.
Answer:
advertising, product promotion, and changes in the real or perceived characteristics of a product.
Explanation:
As the name suggest Non-price competition is the competition where there is a competition not based upon the price but the product of the company would be different from the rival company on the basis of characteristics like design, labelling, etc
So according to the given options, last second option is correct
And, the same would be considered
Answer:
Values
Explanation:
Values are defined as standards that people use to evaluate people, things, actions, and situations. Values include traits like honesty, beauty, generosity and so on.
So according to Lewis, Valentine, and Harrington when people are in a certain economic situation they will desire the same things and share the same values.
For example middle class citizens value savings to guarantee financial independence.
Answer:
4.71
Explanation:
Cash coverage is a financial tool to calculate the proportion of available cash to interest expenses. It is useful in that it gives a deeper insight into available cash to offset interest expense and guide towards proper investment of cash.
<u>Workings</u>
Cash coverage ratio = cash + cash equivalent / interest expenses.
To arrive at the cash equivalent , depreciation is added back to the net income
Cash equivalent = 15,585+ 2,525 = 18,110
Interest expenses = 3,846
Cash coverage ratio = 18,110 / 3,846 = 4.71
This seems high and it is advisable that cash should be used for some short term investments to earn other profit
