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Statement 1: Purchasing-power parity implies that a standardized good should sell for the same price internationally after adjusting for exchange rates.
Statement 2: First mover advantage included economies of scale which later entrants find it difficult to match.
- Statement 1 is correct but statement 2 is wrong.
- Statement 1 is wrong but statement 2 is correct
- Both statements are correct.
- Both statements are wrong.
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- Statement 1: When evaluated in economic terms, a market with many customers with poor living standards will have a relatively big market. Statement 2: When evaluated in economic terms, a market having many customers with poor living standards will have a tiny market.Statement 3: A market with a significant number of consumers who have low living standards may indicate that their purchasing power is constrained.Statement 4: A market with a huge number of low-income consumers might indicate limitless purchasing power.Which of the following is true? Statements 2 and 3 are both true Statements 2 and 3 are both false Statements 1 and 4 are both false Only statement a is true Both options a and c are true what is the best answer?Answer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Questions. What Alia can do to argue or persuade the product…Is the following statement correct? The bargaining power of buyers is moderately strong. This is why car manufacturers focus on building customer loyalty through design, quality and by offering competitive prices. A large number of the buyers are the small individual buyers that buy single vehicles. However, there are corporations and government agencies that buy fleets of vehicles and have the position to bargain for lower prices. Generally, the switching costs in the automotive industry are low. The buyers are price sensitive mostly and none of the buyers pose a threat of backward integration. Please choose an answer: True Not correct
- Time left 0:53: You are thinking about purchasing an elegant shirt by mail. Shirts Galore offer an unlimited return policy while Over the Tops will refund 80 percent of the value of the shirt if you return it. Which of the following statements is most likely to be true? Select one: Shirts Galore's shirts are less likely to be high quality, while Over the Top's shirts are more likely to be high quality O b. neither company's shirts are more likely to be high quality Both companies' shirts are more likely to be high quality O d. Shirts Galore's shirts are more likely to be high quality, while Over the Top's shirts are less likely to be high quality Next pageAnswer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Question2. Advise Alia on how to recognize the opportunities in…Please indicate and explain whether you agree or disagree with the statements. Please explain your answer with example(s) Only agree/disagree, true/false or right/wrong answers will not be evaluated. 6. Through market targeting, companies divide large, diverse markets into smaller segments that can be reached more efficiently and effectively with products and services that match their unique needs. Explanation:
- Comerstone Solutions, LLC. is deciding between developing an advanced thought-activated software, or a basic voice-activated software. Since the thought-activated software is complicated, it only has a 30% chance of actually going through to a successful launch, but would generate revenues of $50million if launched. The voice-activated software is simple and hence has a 80% chance of being launched but only generates a revenue of $10million. Assume that an unsuccessful product launch will generate no revenue. The complicated technology costs 10million, whereas the simple technology costs 2million. (However...) Suppose Cornerstone Solutions, LLC. learns that the complicated technology can be made more stable with a few tweaks increasing the price to 15.5 million and increasing the probability of a launch to 50%. Given the new costs and probabilities of launch for the complicated software, which technology would the firm rather invest in now? O The simple voice-activated software O The…Prompt 1: In Chapter 14 Thaler describes a survey question which posits that a hardware store raises the price on snow shovels from $5 to $20 the day after a massive snow storm and asks the respondent whether this was fair. What type of shift would cause a price change like this in supply and demand? Did you think this was fair before this class? What about now?Indicate whether the statement is true or false, and justify your answer.In the US Medicare program, by statute, the government is not permitted to take cost-effectiveness criteria into account when deciding whether to cover new medical technologies.
- Assume that a national restaurant chain called BBQ builds 10 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $300,000 of equipment and furnishings. To help partially defray the cost of this expansion, BBQ issues and sells 200,000 shares of stock at $35 per share. Instructions: Enter your answers rounded to 1 decimal place. a. What is the amount of economic investment that has resulted from BBQ's actions? $ million b. How much purely financial investment took place? 2$ millionYou are an owner of a local coffee shop in East Saint John, and are competing with Starbucks. You charge the same as at Starbucks for regular coffee. Due to supply chain issues in pandemic, supplier you buy coffee beans from has increased the price by % 20. Due to your small profit margin, you need to increase the price of the coffee. Due to nature of your market, you are concerned about the consequences of an open price increase. You doubt that that Starbuck's will increase the price. Articulate three different price-increase strategies that will address your concerns and explain how they might work.Give downvote if answer No answer if downvote incorrect tooo Antitrust which historically focuses on domestic competition, can be used to score international points, taking firms by surprise. Whether undertaking a domestic merger or engaging in foreign direct investment (FDI), when it comes to antitrust wars, savvy managers need to pay close attention most closely to which implication for action? a. Develop skills in competitor analysis that guide decision making on attacks, counterattacks, and cooperation. b. Know your opponents. c. Strengthen resources and capabilities to compete and/or cooperate more effectively. d. Understand the rules of the game governing domestic and international competition around the world
