Answer: Insufficient competition but strong differentiation
Explanation:
Products can fail when there is sufficient competition with weak differentiation.
If instead there is insufficient competition, the product has a better chance of being successful because it is offering a service that not many other products can replicate. People will therefore buy more of it.
Also if the product is strongly differentiated, it means that the company took the extra step of adding features to the product to make it stand out and be more useful to the customer. This can increase the appreciation for a product which will increase it's demand this ultimately leading to the success of the product.
Answer:
D. Task force.
Explanation:
Task force are basically created for a specific reason. They come from various department making it a cross-functional team, and they do not report the same manager.
Answer:
D.
Explanation:
Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.
Answer:
C) 797
Explanation:
If the competitive environment remains the same, then the sales forecast should equal actual demand + estimated sales increase:
- actual demand = 699 units
- estimated sales increase = 14%
sales forecast for next year = 699 + 14% = 699 + 97.86 = 796.86 ≈ 797
Answer:
d. debit Accounts Receivable; credit Cash
Explanation:
The cash has been credited with $695 instead of $965 which means that $270 has been credited short. Same way, the liabilities have been debited by $270 short. So, we will have to reverse the entry ie. debit Accounts Receivable; credit Cash
