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Alchen [17]
3 years ago
10

Jake, the CEO of WinWest Inc., launches a new product. Despite the product's persistent failure, he is unwilling to withdraw it

from the market because he believes that the product will be profitable in the long term. This scenario is an example of _____. Group of answer choices path dependency participative decision making risk aversion escalation of commitment
Business
1 answer:
MA_775_DIABLO [31]3 years ago
3 0

Answer:

The correct answer is the last option: Escalation of commitment.

Explanation:

To begin with, the concept known as "Escalation of commitment" in the field of business management and behavioral science refers to the behavioral pattern that an individual has when it faces against a bad decision or situation and after that the person continues to having the same behavior so therefore it stays believing the same even though the increasingly negative outcome keeps on coming. That is why that in this case presented, Jake believes that at the long term the new product will have success even thought that now only bad numbers have been shown to the company.

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Goshia [24]

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6 0
3 years ago
The Board of Governors of the Federal Reserve a. members are appointed to four-year terms by the President and confirmed by the
Digiron [165]

Answer:

Option  B

Explanation:

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6 0
4 years ago
One factor that influences the consumer decision-making process is __________, which refers to the set of values, attitudes, and
Ray Of Light [21]

Answer:

culture

Explanation:

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culture is that stiff part of one life that cannot be change with time and more or less on the basis this consumer change its decision.

6 0
3 years ago
The gini ratio for lifetime income is _______ the gini ratio for annual income.
o-na [289]
<span>The Gini ratio for lifetime income is less than the Gini ratio for annual income.</span>
4 0
3 years ago
Why do businesses think that money in their bank accounts is part of their cash total?
Brums [2.3K]

Answer:

Because liquid assets are a part of the entire wealth/value of a company.

Explanation:

If Jeff Bezos has 60 billion of dollars worth of assets like buildings and physical investments, that isnt his total wealth, you have to count in his liquid cash as well.

7 0
3 years ago
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