This strategy often resulted in the company _______________ when certain product lines failed to meet this expectation. Answer Correct Answer: decreasing product mix breadth Question 5 2 out of 2 points In many cases, pioneers lose their market lead and initial market share to imitators who: Answer Correct Answer: capitalize on the pioneers' weaknesses. Question 6 2 out of 2 points During the _____________ stage of the product life cycle, sales rise, profits rise rapidly, and there are a small but increasing number of competitors. Answer Correct Answer: growth Question 7 0 out of 2 points Thanh owns a shoe store. In this market, there are many firms competing for the same customers, but the products offered differ by quality and price.
Over-production – Fewer products such as cars, consumer good etc were not being sold as factories were making more goods than Americans needed or could afford to buy. As the number of sells went down, the prices of goods also went down which meant that wages had to be kept low. When this did not work, industrialists had to resort to sacking workers, and because the workers did not have any more money, they could not afford luxury so factories continued to
There are numerous contributing factors that make this even harder on the population of Mohave County to survive. The need is evident with the growing rate of people only surviving because of benefits like food stamps and unemployment checks that things need to change. This is even more of an issue right now with the government shutting down and putting a stop to programs like WIC and possibly food stamps. The need is for there to be more available positions. The reasons this occurs is due to numerous factors like the number of companies going out of business, lack of job growth, future plans for job growth does not meet the need, founding father’s not allowing large business to come to town, education level of community, sales tax is high, and average household income is low.
Before the plague, Europe was beginning to struggle economically. Many countries and towns were paying off debts to wars and battles they had fought. Demand was high, but service was low. With the demand of goods, came willing workers who pushed Europe towards a better economy. After the plague had ended, there was no longer a high demand for agricultural goods, but for delicacies and things that Europeans had lived without for many years.
He says, lwhen discussing the impact of the burglary on his family, “when you are a recent immigrant, it’s easy to feel targeted. Friedman explains that this was due to the fact that in Diaz’s time, “…your threats and opportunities in the cold war system tended to grow out of who you were divided from.” Diaz’s family struggled in America, due to money issues as well as being treated differently. Diaz’s father keeps losing his job, and he makes it clear that it’s not a great job to begin with. His mother does not work and must support her kids off of her husband’s not-to-great pay
Working conditions were harsh for the American industrial worker in the 1800s. With the boom of the Second Industrial Revolution and the need to expand business to meet consumer demands, employment opportunities opened at a rapid rate. In order to maximize profits, however, workers were given very few luxuries. Most factories had deplorable working conditions and were unsafe. Many workers lost hearing from loud machinery, lost limbs in hazardous equipment, and even lost their life due to the apathy of factory owners.
However, when he was suddenly faced with new competition in the late 1990’s, Guillermo slowly watched his business slowly deteriorate as two forces combined and causing a huge dent in the business. These competitors caused the cost of labor to rise substantially, resulting in profit margin shrinkage for Guillermo’s Furniture Store as prices continued to fall and costs continued to rise. Concerned about continuous loses, Guillermo conducted some research on his competition and carefully analyzed competing desirable actions that could be taken while also considering the opportunity costs. While the competition seemed to benefit from merging, Guillermo did not find it beneficial for his company as that would affect his time to spend with his family. And on the other hand, considering the effect on overhead costs, remaining independent would also deem to be unbeneficial as
As well, farming became a popular trade so much that smaller farms had a difficult time competing. Allowing employment to grow aided as a beneficial aspect to America’s prosperity, but incidentally allowed for smaller businesses and private sectors to fall apart as they were being bought out from the bigger companies. Looking at today’s society, small businesses still struggle along with the once thriving ones. This is an effect of the post-war’s quick efforts to grow the economy. This method worked for many years following the war, but now the U.S. is falling back into a recessional state with companies that once ran the country are now
America began on small businesses and America has to continue to have small businesses to have a good economy. Wal-Mart endangers businesses all over the country because small businesses cannot compete with the superpower on account of Wal-Mart getting goods from places like China. Most people live within thirty minutes of a Wal-Mart and with their lower prices people will continue to shop there without realizing what they are doing to their own economy. Most people don’t realize that saving a few dollars by shopping at Wal-Mart is crippling all the local businesses around their area. Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities.
“Irrational exuberance in the housing market led many people to buy houses they couldn't afford, because everyone thought housing prices could only go up.” (useconomy.com). During 2006, housing prices started to decline. Many people took out loans with very little money down, and they had to foreclose on the house because if they sold it, they would not get enough money back. With the foreclosing rate increasing, many banks began to freak out because they were going to face huge losses. Around August of 2007, banks become afraid to loan money out due to the fact that they did not want to suffer from losing money yet again.