Identify and explain one example of a product for which pioneering was a disadvantage.
Being the first business in an industry may not always guarantee an advantage. If the first mover is unable to capture consumers with their products, later entrants can take advantage of it. Later entrants can reverse-engineer new products and make them better or cheaper. The similar situation was seen with Motorola - the first in the industry to launch handheld Mobile Phones. Even though the company still exists and is still continuing to launch new varieties of phones, but to be true based on the actual data from the market and the consumers, Apple has taken over most of its market. Actually, before apple came Blackberry was the one which won the hearts of most of the professionals due to its features which included MS office and storage capacity to meet their requirements.
New entrants in the market have proved that pioneering for Motorola was a disadvantage. New companies have launched much betters ways to use the phones effectively and efficiently. Motorola being the first mover invested heavily in persuading consumers to try a new product. Later entrants benefited from these informed buyers and did not spend that much on educating consumers. New companies identified areas of improvement and took advantage of it by customizing the phone as per the specific needs of the end users. They not only launched several varieties to meet each age group of the society but also launched products in various price ranges to match the pockets of the different income levels of customers.
Identify and explain one example of a product for which pioneering was a disadvantage.
16 19 31 O pioneering institutional. D competitive: pioneering. O pioneering: competitive. O comparative; reminder. QUESTION 23 A manufacturer of lawn mowers pays for and provides local dealers with professionally-produced commercials for its products. A dealer can pay to have its name, address and telephone number appear at the end of the commercial. The commercials are much higher quality ads that most local lawn mower dealers could afford by themselves. These commercials provided by the manufacturer for local use are...
give me one example of a protocol order,one advantage of a Protocol Order, one disadvantage or safety concern with using protocol order. give me one example of a standing order,one advantage of a standing Order, one disadvantage or safety concern with using standing order. give me one example of a preprinted order set,one advantage of a Preprinted order set, one disadvantage or safety concern with using preprinted order sets.
Use an example to explain a production situation in which labor and capital must be in fixed proportion (your example needs to identify the product, specify the capital/labor ratio, draw an isoquant map, and then use the isoquant map to explain). Also, what is the RTS? (rts=return to scale) Why?
Consider a situation in which an investment of $10 million in research that yields a pioneering invention that has no commercial value, and a subsequent investment of $5 million in development that yields an improvement that has commercial value of $100 million. Assume that Firm A is uniquely situated to do the pioneering research, and Firm B is uniquely situated to develop the application. Predict the difference in investment resulting from a broad patent law and narrow patent law. In...
Explain a real life example where demand and supply changes. Identify which determinant was involved and how the allocation of resources was impacted.
1. What is the function of a diode bridge rectifier? State one disadvantage of the diode bridge rectifier and describe a way of overcoming this. You may use words or sketch the circuit. [6 marks] 2. What is the function of a buck converter? Give an example application. Identify two limitations of this circuit. [6 marks]
a) Explain one advantage and one disadvantage of a hospital-based case-control study compared with a population-based case-control study? b) What is a ‘point-source’ outbreak, and how does it differ from a ‘person-to-person’ outbreak? c) Explain why it is important to use a structured questionnaire to obtain information from cases and controls in a case-control study?
Identify *one* product that makes some type of neuroscience claim. To identify a product, you might consider searching through kitchen cabinets or a pantry. You might also consider searching through social media advertisements, internet advertisements, or television commercials. To determine the actual claim being made, read the packaging of the product or view the full advertisement of a commercial. Search the academic literature to identify a research article that supports the claim, refutes the claim, or was the science from...
Identify the six stages of the new-product development process. Explain which stage you feel is the most important and why.
Please think of one example of a product that you use on a regular basis for which some of the cost of production or consumption are externalized. Please explain. What will be the long-term cost for or impact on society of this externalization?