Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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- Change in the status quo of any market component creates some degree of equilibrium, which means that there are likely to be customers somewhere who are being underserved, creating an opportunity for new business opportunities. Select one: True False The Creating Phase is a creative activity where old strategies are used to envision and define businesses of the future. Select one: True False A _____________________ ____________________ is a market, product, technology, or business process that lies beyond a company’s current corporate strategy and business model. a. Strategic Frontier b. Strategic Plan c. Business Model d. Discovery teamarrow_forwardIn less than 70 per cent of revenue comes from the dominant business, and there are only limited links between businesses. Select the correct option from the list below to fill the gap near the start of the statement above. Select one: a. related constrained diversification b. related linked diversification C. unrelated diversification d. single businessesarrow_forward109) Which option best describes prospectors? a) They scan the environment continuously for emerging trends and new market opportunities. b) They don’t care about the competition or the external environment c) They do not focus on product offering. d) Their control system is centralizedarrow_forward
- I need help with these two questions Of the following types of retail stores, _____ tend to suffer the most during recessions because customers buy from other types of stores. A.specialty stores B.department stores C.general merchandise discount stores D.off-price retailers Clothing stores such as Gap, Victoria’s Secret, and Acorn would be classified as A.specialty stores B.department stores C.general merchandise discount stores D.off-price retailersarrow_forward" While the means--the technologies--become ever more complex...Goals such as freedom or wealth are seldom questioned, but it is often unclear what these mean, for whom, and at what cost. The focus is on extending the means of development, pursuing new technologies. Goals are given such content as will the technological means available. Thus “success” becomes not a state of flourishing but as acquiring more possessions. “educated” no longer connotes wisdom but possessing measurable and marketable skills". The advancement of Technology has become more advanced in the modern world, that the citizens of this world are not longer concerned about their freedom or how to become wealthy in this world. The American people no longer know what it truly means to be free and what success or wealth truly means. Our leaders have now shifted the focus on developing and how to generate more revenue. Our goals are no longer goals but we are told that the only way to reach such a Hight, you must be…arrow_forward
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