Answer:
The correct answer is True.
Explanation:
The concept of “Disruptive Innovation” is relatively new, it was introduced by Clayton Christensen in 1997 in the book “The innovators dilemma” and refers to how a product or service that originally was born as something residual or as a simple application without Many followers or users quickly become the leading product or service in the market.
Disruption therefore occurs when emerging companies use new technologies or new business models and outperform the market that were the leaders until then.
There comes a time when users do not perceive as a differential advantage the type of evolutionary innovation that has been applied to a product, because they no longer need all those new features that the manufacturer has added to increase the profit and then the manufacturer becomes vulnerable and the evolution of that particular product ceases to be decisive, from that moment the price of that product can become decisive or another product will arrive with a new disruptive technology that will compete with the previous product and with the established technology. The most normal is that new products or services are easier to use and cheaper than products that were already on the market before and thus quickly capture the interest of consumers.
In all situation where compromising will not harm you too much, or where gains from wining will be much less the looses from stress and conflicts.
Answer:
Management
Explanation:
The Management of the company are appointed as stewards by the owners of the company (shareholders). They have a role in reporting the entity`s operations and ensuring that they provide a good return for the shareholders investments.
Answer:
Graphs show the relationship between 2 variables. A graph is used to condense numeral information making patterns clearer. Using graphs makes data readable for economists.
Answer: None of the above
Explanation:
The free rider problem is a form of market failure that takes place when those who benefit from public goods like public hospitals or roads, or communal services either under pay or do not pay for them. Free rider is a problem because such people may continue enjoying the service despite not paying for the good. This can lead to the underproduction, degradation or over used.
Horizon problems occurs when people favour short run benefits at the expense of longer benefits. Here, members claim on the benefits of an investment is not up to the required length of time for the benefits to be generated leading to horizon mismatch.
Agency cost is when the principal hires or chooses an agent o act on his behalf. It is an internal expense that arises from the actions of an agent who is acting on behalf of a principal. It arises due to dissatisfactions, inefficiencies and disruptions between shareholders and management.
