A company's product is taking market share from another product in the same company. this process is known as Cannibalization.
<h3>What is Cannibalization in business?</h3>
In business, the phenomenon of Cannibalization occurs when a product that a company makes ends up taking the market share of another product that the same company makes.
The product that does the taking of market share is often a new product that has better qualities and so is sought after by the customers of the same company.
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Answer:
The correct answer is letter "A": Receivables occur when a business loans money to another party.
Explanation:
Account receivables are the result of providing goods or services to customers on credit. The receivable is a promissory note of repayment in a determined period and considering the increase of the purchase value because of interest. Accounts receivable help the producer to remove unnecessary inventory of its warehouse by allowing customers to take the products on account.
<em>Receivables can also be the result of lending money to another firm.</em>
Answer:
The following five ways of overcoming intercultural barriers will help you make the most of your cross-cultural business negotiations.
1. Research the other party's culture. ...
2. Consider the individual. ...
3. Build bridges across cultures. ...
4. Consider the broader context. ...
5. Take steps to reduce stress.
Answer and Explanation:
The computation of EAR for each investment is shown below:-
EAR = ((1 + APR ÷ m)^m) - 1
where m indicates compounding periods
Now we will put the values with the help of the above formula
For 9.4% APR compounded monthly is
EAR = ((1 + 0.094 ÷ 12)^12) - 1
= 9.815747%
For 9.4% APR compounded annually is
EAR = ((1 + 0.094 ÷ 1)^1) - 1
= 9.400000%
For 8.7% APR compounded daily is
EAR = ((1 + 0.087 ÷ 365)^365) - 1
= 9.088537%
Answer:
<u>C. Scenario planning helps create strategic plans that are more flexible, and thus more effective than those created through the more static strategic planning approach.</u>
<u>Explanation:</u>
Even though both models or techniques are important, they are different in their degree of effectiveness.
For example, scenario planning creates solutions which are flexible in overcoming barriers to the organizations goals such as a new government policy. Thus, they are generally considered more effective than those created through strategic planning approach such as the SWOT (Strength, Weakness, Opportunity, and Threats) analysis.
