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3 years ago

16. If a business chooses an alternative strategy

Business

1 answer:

Sergio [31]3 years ago

7 0

A. Avoiding Risk

Explanation:

When a company is trying to avoid risks it finds alternative strategies to get a job done when they feel it is viable than taking a risk. This is a defensive option often chosen by firms when they do not see the possible reward being worth the risk in a particular strategy.

When this form of strategies are used in management it means that the company would rather stay stable than go for higher while risking their basic business.

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When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

just olya [345]

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

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3 years ago

An ad for asian sensations' newest product line of snack foods encourages readers to "thai something new." in this example, the

alina1380 [7]

Is used to persuade the customer

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3 years ago

Which utility applies to a company that educates customers about its products’ features? A. form utility B. knowledge utility C.

grandymaker [24]

Answer:

C. possession utility

Explanation:

The explanation can be justified by the definition of these terms.

Possession utility is a term used to refer the value that the company offers to the consumers if they purchase or use the product in the way that the company made it for - similar with the feature of products. In general, it is the perceived value from the products.

Meanwhile: Knowledge utility is created from the increase in knowledge of the consumers about the product. This applies to the customers. Form utility is created when there is change in the shape or forms of products. Place utility is about making goods and services accessible to the potential consumers. And price utility is about making products affordable with customers and reasonable with the value it offers.

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3 years ago

Give an example of 3 wants of businesses and describe WHY they are wants

Lemur [1.5K]

A want is something which we would like but do not need to survive. Humans have five basic needs: food, water, shelter, warmth, and clothing. ... Products are launched to fulfill the needs and wants of the consumers in the business's target market. A market is defined as a place where buyers and sellers meet.

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3 years ago

The business case for an ethical strategyA) relates to the company's business model and business-level strategy.B) must be artic

UkoKoshka [18]

Answer:

The correct answer is option D.

Explanation:

The ethical principles in business are not much different from the ethical principle in general. They are not separately based on some other special rules to judge business conduct. They are judged from the society's perspective of right and wrong.

There are two schools of ethical principles, namely, ethical universalism and ethical relativism. Universalism believe that the concept of right and wrong are universal. While, on the other hand, relativism school believes that they vary according to local customs.

Though universal ethical principles from different societies form a kind of informal contract that all individuals and organizations have to follow.

Failure to observe these principles not only corrode company's reputation but have also other adverse effects and costs involved.

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3 years ago