All categories

3 years ago

Neil, an entrepreneur and inventor, developed new software to help retail stores manage their

Business

1 answer:

Lera25 [3.4K]3 years ago

6 0

Answer:

The anwer is A. Economic Viability.

Explanation:

This question represents a very common problem faced by many new innovators in the market. They put out a new product and then the rest follow and copy it.

When it comes to new products there are Several factors that influence it's popularity. Simply they are,

1. The affordability or the economic viability. Simply this means if a product is "feasible" cost wise and logistically. Price is a major factor that falls under this.

2. Technological feasibility means if the technology used in the product permits the product to be used effectively in Business operations.

3. Organization suitability: softwares and almost any asset is suitable for different organizations in different ways and might not be suitable for some organizations.

These are the major factors that influence a products popularity. However in this scenario, the entrepreneur Neil's product is becoming less popular because the Economic Viability of the software is coming down because of the much cheaper alternatives in the market.

You might be interested in

Whistleblowing is term being used for making a disclosure that is in the public interest. It will usually occur when an employee

noname [10]

The answer would be True if it’s a true or false question

6 0

3 years ago

Brief Exercise 17-09 Hinck Corporation reported net cash provided by operating activities of $361,200, net cash used by investin

irina1246 [14]

Answer:

Hiiiii

Explanation:

5 0

3 years ago

Copies Plus Print operates a copy business at two different locations. Copies Plus Print has one support department that is resp

Vika [28.1K]

Answer:

a. $24,000

Explanation:

60,000 fixed cost which, are allocated in the base of expected copies:

total expected copies: 600,000 + 400,000 = 1,000,000

Copy Center 2 represent 400,000 / 1,000,000 = 40% of the total copies volume for the period

Therefore from the 60,000 fixed cost the 40% was applied.

60,000 x 40 % = 24,000

7 0

3 years ago

Which of the following products is likely to have an inelastic supply reaction to a change in price? A. Corn B. Cars C. Shoes D.

Sergio039 [100]

The correct answer is C,
A good is said to have an inelastic supply if the suppliers did not have any choice than producing it even though the cost of production is high and the buyers did not have any choice than buying it even though it is expensive.
No one can do without shoes, even if they are expensive, we still need to buy them.

4 0

3 years ago

Read 2 more answers

In the Keynesian-cross model, fiscal policy has a multiplied effect on income because fiscal policy: changes income, which chang

Zepler [3.9K]

Answer:

Changes income, which changes consumption, which further changes income

Explanation:

Fiscal policy is an effective technique to control savings, income and consumptions because of its multiplier effect. The first effect of fiscal policy is that it changes income and that change in income leads to a change in consumption because of purchasing power; likewise, due to the change in consumption income changes. So, fiscal policy has a multiplier effect.

5 0

3 years ago