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If a firm product is perishable where is the firm usually located?
It's near its consumers
If a firm's product is perishable where is the firm usually located?
It's near its consumers
If a firms product is perishable where is the firm usually located?
It's near its consumers
Three factors a firm must consider in determining what to produce?
consumers wants and needsCost of productionResource base
What are advantage and disadvantage of a firm using retrenchment growth strategy?
The advantage is that the wage bill is reduced, the disadvantage of the retrenchment growth strategy is that a firm may loses employee without reaching their full potential.
If a firm product is perishable where is the firm usually located?
It's near its consumers
If a firm's product is perishable where is the firm usually located?
It's near its consumers
What is the difference between internal and external growth for a firm?
Internal growth, or organic growth, refers to growth strategies where a firm uses its own resources. External growth involves a firm using or accessing the resources of another firm to grow. Examples of external growth strategies include joint ventures, strategic alliances and acquisitions.
If a firms product is perishable where is the firm usually located?
It's near its consumers
A conservatively financed firm would?
A conservatively financed firm typically maintains a lower level of debt relative to equity, prioritizing financial stability and risk management. This approach helps the firm minimize its financial risk and maintain steady cash flow, which can be particularly advantageous during economic downturns. By relying more on equity financing, the firm may also avoid the pressures of debt repayments, allowing for greater flexibility in operations and investment opportunities. Overall, such a firm aims for long-term sustainability over aggressive growth strategies.
How can a successfully growing firm fall into a growth Trap?
A successful firm can fall into a growth trap by expanding too quickly without proper planning or resources, leading to overextension and strain on the organization. Additionally, shifting market conditions or increased competition can also contribute to a growth trap if the firm fails to adapt swiftly. Finally, ignoring the need for innovation and remaining complacent with current strategies can hinder a firm's ability to sustain growth.
Three factors a firm must consider in determining what to produce?
consumers wants and needsCost of productionResource base
What can you add to the growth of an information technology firm as the IT manager?
simple -- advertise
What are advantage and disadvantage of a firm using retrenchment growth strategy?
The advantage is that the wage bill is reduced, the disadvantage of the retrenchment growth strategy is that a firm may loses employee without reaching their full potential.
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product?
Consumers will substitute with a rival's product.
What happens to monopolistically competitive firm that begins to charge an excessive price for its product?
Consumers will substitute with a rival's product.
What happens to monopolistic competitive firm that begins to charge an excessive price for its product?
Consumers will substitute with a rival's product.
