According to Theodore Levitt, in terms of an organization's business, railroads lost market share in the 20th century because they had less flexible routes than trucking. defined their business too I narrowly. tried to create a business that appealed equally to all people.
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- How does Nokia's wrong strategic response to changing market conditions cope with economic decision's concepts, such as rational-actor paradigm, fail to create value, sunk cost/hidden cost fallacy, adverse selection, extent decision, elasticity, etc.?What makes the Lincoln Electric system so successful in the United States?Give proper explanation. And no answer from Chat GPT please will dislike HAND WRITTEN SOLUTIONS ARE STRICTLY PROHIBITED.
- EconomicBoth the subpartsIn the world market for copper, there are two types of copper mines: Type 1 (primarily locatedin North America) and Type 2 (primarily located in Asia and South America). Each type of mineincurs five “buckets” of costs: (1) direct materials; (2) energy inputs (such as electricity andnatural gas); (3) shipping; (4) production labor; and (5) production and administrative overhead.Direct materials, energy inputs, and shipping services are purchased in competitive spotmarkets, and the total monthly costs that a firm incurs on these items vary in direct linearproportion to the quantity of copper produced in the mine during that month. If a mineproduces no copper in a particular month, it incurs no direct materials, energy, or shippingcosts.By contrast, the total monthly costs for production labor and overhead are volume- insensitive:the levels of these costs do not vary with the volume of production in the mine. Even if themine temporarily suspended operations for a month (i.e., produced…How strategic value and operational outcomes are measured? Explain both with the help of appropriate example.
- Which of the following represents a sound strategic argument for Torrey Nano vertically integrating into large-scale production of its new product? The new capabilities it would develop would be valuable. All of the options O The unknowns about how to manufacture the product increased the difficulty of licensing. There was a significant risk of suppliers behaving opportunistically in the creation of the new product.Read the following statements about one of the four types of intellectual property and determine whethe the statement best applies to or qualifies for copyright, patent, trade secret, or trademark protection, anc drag the statement accordingly. machine, process, improvement on an A typical duration xisting machine or of 20 years. process. bility to protect a musical composition. otentially unlimited ration if reasonable efforts to maintain secrecy made. overned by the Lanham Act. McDonalds' golden arches. Required in interstate commerce. Required to be fixed in a tangible medium. Copyright Patent Trade Secret TrademarkWould Yolanda Diaz have been as successful if she hadstarted her company right out of college, rather than waiting until she’d had a decade of corporate experience? Whyor why not?
- Explain the meaning behind Frederic Bastiat's Negativs Railroad. Be thorough and prove your understanding.The global pandemic 2020 has promoted a race to capture the market for introducing effective vaccine and treatments. a. If PFIZER is the sole vaccine provider given the following information, answer the questions below: Output Price/Unit Total Cost 1 5500 1000 2 5000 1200 3 4500 1500 4 4000 2500 5 3500 4000 6 3000 5700 7 2500 7500 8 2000 9400 9 1500 11400 10 1000 13500 Given the tabular information above find the profit-maximizing output and price also illustrate the same using the two-dimensional labeled diagram. Show the calculation as well. b. Assume if many firms enter into the business of providing vaccine determine: How the demand curve of PFIZER would change and how it would now maximize its profit? The kind of market structure now PFIZER…For the table given below. Calculate TC, AFC, AVC and MC and show diagrammatically. Q L TFC ($) TVC($) 19.53 1 200 50 38.16 2 200 100 55.90 3 200 150 72.80 4 200 200 104.17 6 200 300 132.50 8 200 400 157.99 10 200 500 191.36 13 200 650 219.44 16 200 800 249.61 20 200 1000 277.32 25 200 1250 295.76 30 200 1500