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valina [46]
2 years ago
6

Curtab, a company that manufactures digital watches, implements marketing strategies to attempt to eliminate analog watches from

the market and thereby increase the market share of the company. To counter this, analog watch manufacturers introduce new advertising campaigns. In the context of innovation streams, which of the following concepts does this scenario best illustrate?A) Design competition
B) Technological lockout
C) Technological substitution
D) Design iteration
Business
1 answer:
Gnesinka [82]2 years ago
4 0

Answer:

A) Design competition

Explanation:

Digital watch manufacturers and manufacturers of analog watches  compete against each other because their products basically satisfy the same needs. Each one offers a very different product with its pros and cons, but even though their products are so different, they can be considered substitutes.

In the concept of innovation streams, Curtab is the innovator that is trying to create a sustainable competitive advantage because it works by designing an innovative product while its competitors rely on updating old designs.

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Stroome, the focus on the opening feature for Chapter 6, has developed a new Web-based service for editing and remixing video. S
DerKrebs [107]

Answer:

B) a "freemium" pricing model and white labeling its site

Explanation:

A freemium pricing model is based on offering a service with a few basic features for free, while also offering a premium service with enhanced features for a fee.

White labeling happens when a company's product or service is sold by another retailer using its own brand instead of the original producer's brand.

3 0
3 years ago
How does decision making help a farm business grow?​
mel-nik [20]

Ensuring a farm business is profitable comes down to planning before the business takes off, this is the decision making part of the farm business. Going into it with flawed instinctive decisions without research will not help the business and will only do harm as you've no guarantee it will benefit your investment.

7 0
3 years ago
g Your savings account earns 1.72% interest. You have $3,000 left over from an internship that you will put into the saving acco
bekas [8.4K]

Answer:

It will take 13 years and 66 days

Explanation:

Giving the following information:

Your savings account earns 1.72% interest.

Present value= $3,000

Final value= $3,756

To calculate the number of years, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(3,756/3,000) / ln(1.0172)

n= 13.18 years

To be more specific= 365*0.18= 66

It will take 13 years and 66 days

4 0
3 years ago
Business head Brent wants to categorize items under the Challenge, Risk, and Reward headings for his IS implementation presentat
Savatey [412]

Answer:

Challenge

  • Quality Issues
  • Lack of Documentation

Risk

  • Loss of Confidentiality
  • System Unavailability

Reward

  • Increased Quality
  • Reduced Cycle

Explanation:

A challenge is something that test you and your business. The are temporary obstacles that you have to surpass in order to be successful.

Business Risk means the possibility of loss or any adverse condition that may severely damage the organization's ability to achieve its goals and objectives.  

Reward means a positive outcome that has happened because of productive decision making and effective management.  

7 0
3 years ago
7. Identifying costs of inflation Bob manages a grocery store in a country experiencing a high rate of inflation. He is paid in
stiks02 [169]

Answer:

Shoe-leather Costs.

Explanation:

In this scenario, Bob manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value.

What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the Shoes-leather costs of inflation.

A Shoe-leather costs refers to the costs of time, energy and effort people expend to mitigate the effect of high inflation on the depreciative purchasing power of money by frequently visiting depository financial institutions in order to minimize inflation tax they pay on holding cash.

Metaphorically, it ultimately implies that in order to protect the value of money or assets, some people wear out the sole of their shoes by going to financial institutions more frequently to make deposits.

Hence, Bob is practicing a shoe-leather cost of inflation so as to reduce the nominal interest rates.

5 0
3 years ago
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