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Shubham Sharma
Answers (2)
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Answered
Which of the following is an example of the "damaged goods" strategy
A) A doll company selling dolls at cost but charging high margins on doll accessories
B) A cell phone company offers free locked in phones but charges high prices per call
C) A catering company pays its chefs higher wages to make sure that the bargain meals are just slightly burnt
D) None of the Above
A) A doll company selling dolls at cost but charging high margins on doll accessories
B) A cell phone company offers free locked in phones but charges high prices per call
C) A catering company pays its chefs higher wages to make sure that the bargain meals are just slightly burnt
D) None of the Above
On Sep 28, 2024
C
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Answered
Describe the potential opportunities that the internet and international business provide for entrepreneurs.
On Sep 22, 2024
Entrepreneurs may be able use the benefits of the internet to establish a new organisation, to revolutionise the business practices or to change the way an existing organisation does business. Entrepreneurs could also use the internet for B2B activities, where specialised business-to-business websites are created to link buyers and sellers. Internet also makes selling to overseas markets very easy.
International business brings in opportunities for market expansion, sourcing of additional finance, access to quality and possibly low cost resources, access to labour and technical expertise, and onsite locations for low-cost manufacturing or outsourcing. Entrepreneurs, especially small businesses can also find alliances opportunities in strategic ventures with foreign partners.
International business brings in opportunities for market expansion, sourcing of additional finance, access to quality and possibly low cost resources, access to labour and technical expertise, and onsite locations for low-cost manufacturing or outsourcing. Entrepreneurs, especially small businesses can also find alliances opportunities in strategic ventures with foreign partners.