Answer:
There are three types of innovation.
Product, Process and business Model.
The company Amazon is one of the leading online business in the world. It has achieved success through process innovation.
Explanation:
Amazon has created a culture of innovation in its organization. The employee working in the amazon are free to share their innovative ideas and management considers those ideas when making strategic planning of business. This is the reason amazon has been able to launch many different types of technological innovations which provide support to their customers and their shopping experience is comfortable.
Answer:
Th answer is: D) Length of time the core competence has existed
Explanation:
Your competitive advantage will last as long as the competition can´t successfully imitate your strategies. No competitive advantage is eternal. At some point the competition will be able to overcome your competitive advantages either by imitation or by developing new products or services due to environmental changes. Companies must always develop additional competitive advantages so that they are ahead of their competition.
For example, in the future, electric cars will make cars with internal combustion engines obsolete. So no matter how good a BMW is right now, in the future if they can´t develop good electric cars they will go out of business.
According to Nutt and Backoff's organizational contexts in terms of their ability to produce visionary change, rigid organizations are classified as those that have low resources but high acceptance of the need for change.
<h3 /><h3>What is an organizational context?</h3>
- Another communication factor that affects the content and delivery of both internal and external messages is the organizational context. Organizations, or any group of individuals working together, can be small, medium, or large in size and have a flat or hierarchical structure, as well as an informal or formal appearance.
- Regulations issued by the government and modifications to the legislation are two examples of the external context. market economic changes, rivalry inside the firm, etc.
- The organizational setting has a crucial role in determining attitudes and behaviors (Rousseau, 1978). The findings of a study on employees' attitudes toward their jobs that was done with employees of branch banks and main office banks are presented in this paper.
- Many techniques, like PEST (political, economic, social, and technological) analysis and SWOT (strengths, weaknesses, opportunities, and threats) analysis, may be used to determine the context of an organization. In order to understand the context of the organization, brainstorming with management is necessary.
According to Nutt and Backoff's organizational contexts in terms of their ability to produce visionary change, rigid organizations are classified as those that have low resources but high acceptance of the need for change.
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Answer:
The correct answer is letter "E": change over time.
Explanation:
Qualifiers are those minimal characteristics a good or service must have so customers could consider purchasing them. Once the customer is interested in a product and decides to choose to purchase it over its competitors, the good becomes an order winner.
<em>Both qualifiers and order winners tend to change over time with changes in the market which leads to changes in consumer preferences and behavior.</em>
Answer:
C. Monopolistic competition
Explanation:
Monopolistic competition describes a type of market structure with many firms competing, but each sells a slightly different product. In this case, there are several stores offering a variety of products to customers. This implies competition among sellers and differentiated products. Other features that identify a monopolistic competition include
- A large number of buyers and sellers:
- There are no restrictions to entry and exit of Firms:
- sellers have differentiated Products
- Each firm can set its price.
