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ioda
4 years ago
15

For technology-based ventures, sometimes innovation results from recognizing an unsatisfied need in the marketplace, such as wit

h the development of high-speed internet to replace slower dial-up modem access. Other times companies develop a new product because they can even if there is no recognizable need in the marketplace, such as a software developer releasing an updated program every few months. Explain why the first situation is commonly referred to as "market pull" and the second situation is "technology push". What are the pros and cons to each situation? What risk(s) and reward(s) might each have?
Business
1 answer:
Licemer1 [7]4 years ago
5 0

Explanation:

Market pull can be defined as a strategy in which the organization develops a new product or service for customers to look for the company, which means bringing customers closer and gaining the advantage of loyalty and increasing the customer base.

The first example shows the market pull by developing a consumer need such as high-speed internet to replace a slower internet, that is, the company attracted consumers from a need that was not met in the market.

The advantages of this strategy are consumer loyalty , and the disadvantages may be the difficulty in designing a new product that meets the real needs of consumers and is well accepted in the market.

The "technology push" is the strategy used when companies are already recognized in the market enough to influence the demand for their products and services, and then launch new technological products with the expectation of creating the need in consumers from the value that the company have on the market.

The advantages of this strategy can be the increase in the brand value in the market, and the disadvantages can be spent on technological developments that may not be well accepted by consumers.

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Joe Jackson operates a sole proprietorship, but he is in poor health and may be unable to continue running the business. If Joe
Marrrta [24]

Answer:

The business cease to exists unless sold or taken over by Joe's heirs.

Explanation:

Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.

One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.

8 0
3 years ago
Many___expectations of good customer service are the same, but we must still treat each customer as an individual.
Alina [70]

So many people's expectations of good customer service are the same but we must still treat each customer as an individual.

<h3>What is a good customer service?</h3>

Also known as an excellent customer service refers to the act of meeting and surpassing expectations of customers, that is, the seller or the firm is showing the customer how important he or she is to you and the business survival and existence.

Furthermore, it involves following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable to the customers as well.

Hence, in most case, despite that many people's expectations of good customer service are the same but we must still treat each customer as an individual.

Read more about customer service

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4 0
3 years ago
1. The monthly market shares of General Electric Company for 12 consecutive months follow. Develop three-month and four-month mo
aleksklad [387]

Answer:

MSE for 3-month MA = 0.0790

for 4-month, it is 0.066

Hence, 4-month MA is better.

Explanation:

In statistics, the mean squared error, MSEor mean squared deviation (MSD) of an estimator that is of a procedure for estimating an unobserved quantity, measures the average of the squares of the errors, that is, the average squared difference between the estimated values and the actual value.

This is used to ascertain the preferred or better forecast from 2 or more given parameters.

Kindly check the attachment for the step by step explaination of the MSE forecast.

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3 years ago
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How much ever percent she cuts so will the value of her sales
3 0
4 years ago
If a team uses wikis to collaborate on a​ report, the editing and upgrading of information should be done by​ __________.
astra-53 [7]
The answer to this question is the letter "E" which is the "anyone in the organization". Wiki is a blog or a website where anyone in the organization is allowed to access it to view and access materials and edit it. Hence, is a team uses wikis to collaborate on a report, the editing and updating of the report should be done by anyone in the organization.
3 0
4 years ago
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