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Bezzdna [24]
3 years ago
5

five (5) specific forces that are acting as stimulants for change, state and explain them with relevant examples.

Business
1 answer:
In-s [12.5K]3 years ago
4 0

Explanation:

It can be mentioned as the five specific forces that are acting as stimulators for change the forces:

  1. Competition
  2. Nature of the workforce
  3. economy
  4. Policy
  5. Technology

These are stimulating forces for change because they are factors that drive the change process so that organizational activities are able to remain and adapt in the market according to what happens in your micro and macro business environment.

Market competition is a factor that makes companies always willing to develop new methods, products and services so that they can achieve better results in the market search than competing companies. Integrated with the competition is the search for technology, which innovates the way in which techniques are developed and exists to facilitate and change work, as well as methods of using work forces.

Political and economic scenarios are also forces that drive change and the decisions that companies make in the market to seek better results and achieve their goals.

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When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at
mestny [16]

Answer:

Predatory pricing.

Explanation:

When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in predatory pricing.

Predatory pricing is a strategy used by some business owners to reduce the cost of a particular commodity or item to the lowest possible amount such that the available competitors will be driven out of business.

8 0
2 years ago
The Gap, Inc. has targeted teenagers and young adults in need of casual clothes, and through its GapKids stores, the parents or
Nataliya [291]

Answer:

The correct option is A, market segmentation

Explanation:

Market segmentation is the process of dividing customer base into distinct groups based on age,income,level of education,personality,perception and so on.

The purpose of segmenting the markets  is for the organization to satisfy the needs of these different groups based on their unique characteristics and to able to sell to them goods that  best match their status.

The scenario here is that Gap Inc,has successfully been able to discover the right set of people that its casuals best match.

7 0
3 years ago
The business of streaming video is radically different from DVD-by-mail in several key ways, including content costs, content av
elena-s [515]

Answer:

The answer is true

Explanation:

The video streaming industry is vastly different from the DVD-by-mail rental industry. Curiously enough, one company has navigated both industries succesfully: Netflix was born as a DVD-by-mail service, and now is one of the most well-known streaming services.

6 0
3 years ago
They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their
mojhsa [17]

Answer: to protect the economic freedom of all of its citizens

Explanation:

The above quote by Adam Smith was him criticizing the common practice in those days of nations trying to control the spending habits of their citizens by passing restrictive laws and limiting the importation and production of certain goods and services.

It would therefore support the U.S. policy of protecting the economic freedom of her citizens such that they may trade whatever it is that they want - so long as it is legal - without restrictions by the government.

3 0
3 years ago
What function is money serving when you buy a ticket to a movie?
ser-zykov [4K]
It acts as the Currency
7 0
3 years ago
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