When Galaxy Ventures, a real estate company, entered the low cost housing business, the market was already saturated with other players
Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends. Which of the following is a term used to described the situation faced by the company?
A. First-mover disadvantages
B. Last-mover disadvantages
C. Last-in first-out disadvantages
D. Comparative disadvantages
E. Absolute disadvantages
B
Late-mover disadvantages are the handicaps that late entrants might suffer. In the language of business strategy, early entrants into potential future economic stars may be able to reap substantial first-mover advantages, while late entrants may fall victim to late-mover disadvantages.
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Assume that you are a regular customer of a clothing store.Which of the following best describes the predictive analytics component used by the store to make you a more valuable customer?
a. Storing information about you and loading it into data warehouses b. Investigating correlations, sampling customer data, and summarizing data c. Determining the clothing item that you will most likely order on your next visit d. Offering coupons or discounts to maximize sales or profits
What factors influence cultural stability and cultural change? What factors influence how much cultural adjustment organizations must make in foreign countries?
What will be an ideal response?