Q: What is an emerging industry? What is the primary opportunity available to entrepreneurial firms in…
A: Emerging industry A group of enterprises in an area of business developed around a novel product or…
Q: What are the three (3) basic forms of noncorporate business ownership? Explain each form.
A: A noncorporate entity can rely on an investment owner who will provide financing to company's…
Q: How is the acquisition of fixed assets an important activity for a business organization?
A: Fixed assets are the assets that are purchased by a firm for long-term use and the fixed assets…
Q: The real costs of transporting goods and people have declined substantially over time. What impact…
A: An individual producer is the person that manufactures of goods and services on the economy.
Q: Discuss the significance of the study of business economics to every manager.
A: business economics helps a manager to take decisions and solving the problem in day to day life of a…
Q: All the following relates to system management theory except. A. Political trends B. Socio cultural…
A: Systems management is termed as management that offers an alternative approach to the planning and…
Q: ake the product, should you go ahead and d
A: Any decision regarding the production of goods by a firm depends upon the maximum profit it can get…
Q: explain economic in 19th century
A: At the starting of the 19th-century classical economics is dominated. this theory concerned itself…
Q: Why is it difficult for Hong Kong to develop the smartwatches industry?
A: The watch industry has allready been developed in Hong kong but when we talk about smart watch…
Q: Who, in your opinion is the most influential and important entrepreneur of the last 10 years and…
A: An entrepreneur is a person that develops a business by taking a financial risk in return for…
Q: you have been working as a manager of a fashion store. You saved 50,000 and you decided to use the…
A:
Q: Does segmentation increase profits?
A: Market segmentation makes easier for companies to increase their sales. Some market segments might…
Q: Rail freight carloads and intermodal container traffic and changes are a telltale of supply chain…
A: Answer -
Q: Administrative Office Management is used in Economics?
A: Office management is the strategy of arranging, putting together, planning and controlling office…
Q: Do you see the rise of consumer power through evolving changes in technology? If so, how?
A: Technology is all that make things quicker, easier or cheaper. The rise in the technology leads to a…
Q: In relation to "Moderate to high levels of diversification...". Mention two examples and explain
A: In business, diversification often refers to increasing one's reach by entering new markets, whether…
Q: You work for an inbound travel company. ( search what is a inbound tour company) Your company is out…
A: Please find the answer below.
Q: According to the wheel of retailing and the retail life cycle, what will happen to factory outlet…
A: Retailing: Retail is how makers of merchandise and ventures get their items to the buyer. Retailers…
Q: if you had to choose to be either an entrepreneur, an intrapreneur, or an employee right now, which…
A: An entrepreneur is a person who starts a business by taking risks in hoping to return of profit.
Q: hat initiatives are useful in improving profits?
A: Since businesses are experiencing different types of fundamental transformations due to…
Q: Choose a business organization in Zambia and critically discuss its application of market…
A: Introduction: Market segmentation is a marketing technique that entails breaking down a large target…
Q: Write about some of the non-obvious or surprising connections or phenomena of how digital culture…
A: A digital culture is a term that outlines how technology and the internet are influencing our human…
Q: What advantages does the Cotton Gin have over previous technologies?
A: A cotton gin is a machine that separates cotton fibers from their seeds fast and efficiently,…
Q: Introduce supply chain and identiy relevant economic problems and contracting processes to your…
A: The network of all individual organizational actions and technological components involved in the…
Q: Samsung Pay is an example of FinTech/innovation. Explain the business problems and how innovative…
A: Problems of business: Future uncertainities Problem arose due to gloalization Rules nd regulations…
Q: Match the Product with whether production should be centralized or decentralised Soap [ Choose ]…
A: Centralized production refers to the production process exist with upstream and decision about…
Q: Critically examine the factors impacting the Macro Environment of a company and apply it in the…
A: The Macro Environment of any business comprises of 6 unique forces: Demographic Economic…
Q: Toyota contemplating whether to increase production of SUVs based on future consumer demand. Is that…
A: The study of economics can be divided into two branches namely macroeconomics and microeconomics.…
Q: What differentiates an entrepreneur from a small-business owner?
A: Entrepreneurs are those who launch new businesses, bearing the bulk of the risks and getting the…
Q: niversity Population 40,000 students Engineering Population 5,000 students Average of 3 events…
A: Population is the complete set of people or objects with certain common characteristics under the…
Q: Outline the elements of the digital business environment for an organization and explain its…
A: Digital businesses use technology to form new value in business models, client experiences and also…
Q: How might the economy in the United States change as it moves closer to a technology-driven service…
A: The technological innovation has made all the developed economies like the United States more…
Q: Give an example to describe a company’s procurement cycle in details with all the steps and…
A: The procurement cycle can be defined as a series of actions taken in order to obtain specific goods…
Q: Q2. Can good news for farming be bad news for farmers? Imagine you are a farmer in Kanpur. You earn…
A: Productivity of a product depends on the raw material and technology used in its production. If the…
Q: Discuss the differences between corporate level, businessunit level, and functional level…
A: Strategy can be described as any form of strategy with things to achieve better results in the long…
Q: The company that you manage has invested $5 million in developing a new product, but the development…
A: The given info is that I even have invested with five million already and currently the expected…
Q: Stock of a commodity is the: (a) Total quantity that is available in a market at a certain time (b)…
A: option a is the correct answer a) Total quntity that available in the market at certain time…
Q: How Resource Based View of the firm gives only an inadequate explanation of the performance of…
A: When talking about resource based view, it can be said that it is a firm's production strategy to…
Q: How can intellectual property rights help spur innovation?
A: Intellectual property is the muse of innovation in our economy. Government-granted rights…
Q: How can the franchising industry best maximize its impact on the world of business in the coming…
A: A franchise is a kind of license that enables a franchisee to use the franchisor's brand name to…
Q: What are the main characteristics of fast-growing companies.
A: Company: The company is an artificial person that comes into the existence after its registration.…
Q: Explain how the concepts of B2B and B2C relate to supply chains. What is the economic order quantity…
A:
Q: Give examples of companies whose business was either helped or hurt by changes in supply or demand…
A: One of the most fundamental ideas in economics and a market economy is supply and demand. As a…
what is the impact of digital technological developments on retailing, the supply chain and stock control
Step by step
Solved in 2 steps
- According to the wheel of retailing and the retail life cycle, what will happen to factory outlet stores?How do economies of scale affect business models in manufacturing industries, and how can smaller companies compete with larger, more established firms?The real costs of transporting goods and people have declined substantially over time. What impact do lower transportation costs have on the market power of individual producers? Has the internet had a similar effect? If so, how?
- Q-How does profit motive affect innovation and economic productivity? (Pages 43 – 50). Profit Motive Leads to Innovation and Increased Productivity According to Bruno Leone (1986), “In order to build and maintain a profitable concern, a businessman’s products would have to be needed, well-made, and competitively priced . Moreover, he would be creating jobs and helping to expand the general economy” (18). Profit motive promotes efficiency and productivity in an economy. The investor is constantly seeking new ways to effectively and efficiently provide goods and services to consumer, because, Mises (1986) stated, “Profit and loss are entirely determined by the success or failure of the entrepreneur to adjust production to the demand of the consumers” (40). The behavior of the consumer makes profits and losses occur, and this can result in a change of ownership from those who are inefficient to the efficient ones. Webley (1967) stated, “The successful firms are those that respond to the…What are the economic effects of a new technology that makes it easier for firms to produce goods and services? AsapA startup is creating a blockchain-based system for supply chain management, aiming to increase transparency and reduce fraud. This application of blockchain technology primarily enhances what aspect of the digital economy? A) Consumer entertainment. B) Digital currency exchange. C) Supply chain integrity. D) Online advertising.
- Discuss how technological change can increase profits by raising revenues or lowering costs.Some large hardware stores such as Home Depot boast of carrying as many as 20,000 different products in each store. What motivated the producers of those individual products to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available, and why? Who decides whether these particular hardware products should continue to be produced and offered for sale?Read the following article and answer the questions listed in regard to argument mapping. Adapt or perish: Australia Post must embrace digital disruptionMost industries are vulnerable to digital disruption of established business models. The question is whether industry should seize the opportunity to reposition themselves in a changing market. Or whether they should wait to be disrupted by external forces, with the prospect of a one-way ticket to oblivion.A new report by UTS Business School for the McKell Institute shows that the pace of digital transformation is now disrupting one of the government’s largest and most iconic business enterprises – Australia Post.Traditionally, mail volumes have grown in alignment with GDP growth. But between 2008-09 and 2013-14, mail volume declined by 25% to 4.5 billion items. This, in turn, has contributed to a major deterioration in financial performance. In the first half of 2014-15, the loss in the mail business was A$151 million and it is…
- Read the following article and answer the questions listed in regard to argument mapping. Adapt or perish: Australia Post must embrace digital disruptionMost industries are vulnerable to digital disruption of established business models. The question is whether industry should seize the opportunity to reposition themselves in a changing market. Or whether they should wait to be disrupted by external forces, with the prospect of a one-way ticket to oblivion.A new report by UTS Business School for the McKell Institute shows that the pace of digital transformation is now disrupting one of the government’s largest and most iconic business enterprises – Australia Post.Traditionally, mail volumes have grown in alignment with GDP growth. But between 2008-09 and 2013-14, mail volume declined by 25% to 4.5 billion items. This, in turn, has contributed to a major deterioration in financial performance. In the first half of 2014-15, the loss in the mail business was A$151 million and it is…Read the following article and answer the questions listed in regard to argument mapping. Adapt or perish: Australia Post must embrace digital disruptionMost industries are vulnerable to digital disruption of established business models. The question is whether industry should seize the opportunity to reposition themselves in a changing market. Or whether they should wait to be disrupted by external forces, with the prospect of a one-way ticket to oblivion.A new report by UTS Business School for the McKell Institute shows that the pace of digital transformation is now disrupting one of the government’s largest and most iconic business enterprises – Australia Post.Traditionally, mail volumes have grown in alignment with GDP growth. But between 2008-09 and 2013-14, mail volume declined by 25% to 4.5 billion items. This, in turn, has contributed to a major deterioration in financial performance. In the first half of 2014-15, the loss in the mail business was A$151 million and it is…You are the assistant to the CEO of a small textile firm that manufactures quality, premium-priced, stylish clothing. The CEO has decided to see what the opportunities are for exporting and has asked you for advice as to the steps the company should take. What advice would you give to the CEO? please help with this discussion post