Asked by Alyssa Jenkins on Sep 26, 2024
Verified
The Zildjian Company has an estimated 65% of the world cymbal market. They attribute this success to sticking with one product and never making changes.
Cymbal Market
A niche market segment focused on the trade and distribution of cymbals, which are thin, round, metal plates used as musical instruments.
Product Changes
Alterations made to a product’s design, specifications, or features to improve performance, appeal, or to meet regulatory standards.
- Comprehend the significance of heritage and effective management strategies for sustained business achievement.
Verified Answer
TI
taimoor ibrahim2 days ago
Final Answer :
False
Explanation :
This statement is false. While the Zildjian Company is a major player in the cymbal market, their success is not solely based on sticking with one product and never making changes. They have adapted to industry trends and consumer demands over time, expanding their product line and improving their manufacturing processes.
Learning Objectives
- Comprehend the significance of heritage and effective management strategies for sustained business achievement.