The market expands, the level of competition rises, the number of clients grows, and sales increase during the growth stage. Price undercutting in the growth stage is typically uncommon because businesses in this stage can boost revenue by luring in new clients.
A product's life cycle consists of four stages, as previously mentioned: introduction, growth, maturity, and decline. However, a product must first undergo design, research, and development. A product can be created, advertised, and released onto the market once it is determined to be practical and potentially profitable.
Consumers have accepted the product on the market and are starting to genuinely buy in during the growth stage. That indicates that both demand and profits are rising, preferably consistently and quickly. The market for the product is expanding during the expansion stage, and competition is starting to emerge.
Learn more about growth stage here
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Given that S<span>am's distribution of meal costs has a mean of $9 and a
standard deviation of $3, this means that the range of Sam's meal cost
that are within one standard deviation is given by ($9 - 3, $9 + 3) =
($6, $12).
Given that Sam </span><span>always tips the server $2
plus 10% of the cost of the meal, this means that when the cost of the
meal is $9, Sam tips $2 + (0.1 x 9) = $2 + $0.9 = $2.90
Therefore, the mean of the distribution of Sam's tips is $2.90
Similarly, the </span><span>range
of Sam's tips that are within one standard deviation is given by ($2 +
0.1(6), $2 + 0.1(12)) = ($2 + 0.6, $2 + 1.2) = ($2.6, 3.2) = ($2.9 -
$0.3, $2.9 + $0.3)
Therefore, </span><span>the standard deviation of the distribution of Sam's tips is $0.3</span>
Answer:
quarterly deposit= $12,460.99
Explanation:
Giving the following information:
FV= $60,000
Number of periods= 4*8= 32
i= 0.10/4= 0.025
To calculate the quarterly deposit required, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (60,000*0.025) / [(1.025^32) - 1]
A= 12,460.99
Answer:
True
Explanation:
as an entrepreneur you must be very innovative this is your tendency to pursue creativity and experimentations of new ideas. this innovativeness is aimed at developing new goods and services. Any organization that are radical about innovations performs better than others without innovations.
Also, as an entrepreneur you must be able to have a competitive aggressiveness in order to intensely or directly challenge your competitors rather than trying to avoid them. some aggressive moves can come inform of increasing your marketing strategy , rebranding, improved quality of products and services rendered and also reduce pricing.
Risk-taking is just a trait you must have as an entrepreneur, that is your tendency to engage in bold rather than cautious actions. you have to be bold and precise. to become big you have to take some risks.
so as an entrepreneur your have to possess the three key dimensions of entrepreneurial orientation are innovativeness, risk-taking, and competitive aggressiveness.
This marketing tool is called sponsorship.
The company is trying to advertise its apparel through sponsorship. Through this sponsorship, the company’s name will be prominently displayed at the event.