I-ball, a cell phone manufacturer introduces a cell phone targeted at customers ages 70 and above. It has features such as loud volume, large keys, and so forth
How do you classify this product innovation? What could be a possible disadvantage of this product?
This can be considered a new-to-the-world product. New-to-the-world products are products that create an entirely new market. The product has the greatest cost and risk of all product types.
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One frequently voiced concern about globalization is that it destroys manufacturing jobs in wealthy advanced economies such as Canada. The basic thrust of the critics' argument is:
A) developing nations will recruit employees from the more advanced economies, thereby depleting their labour pools B) globalization increases the pace of the shift from a world economy based on manufactured goods to a world economy based on services C) falling trade barriers allows firms to move their manufacturing activities offshore to countries where wage rates are much lower D) the governments of developing countries will heavily subsidize their primary industries, making competing products produced in advanced economies less attractive E) Canadian workers are overpaid and the true value of a manufacturing job is much lower
Which of the following refers to the tort of intentional interference with a contract?
A) amending a license agreement without consulting the other party to the contract B) claiming to a third party that a contract exists despite knowing that no contract has been negotiated C) enticing a third party to breach a valid contract with the plaintiff D) disclosing the terms of a confidential contract without obtaining the other party's permission