When the market for standalone Global Positioning System (GPS) devices declined with the arrival of GPS-enabled mobile phones, Magnet Inc., a manufacturer of GPS devices, bought out most of its rivals that were planning to exit. This allowed the company to get rid of all the excess capacity and acquire a monopolistic market power in the declining industry. Which of the following strategies has Magnet adopted in this scenario?
harvest strategy
maintain strategy
consolidation strategy
differentiation strategy
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When the market for standalone Global Positioning System (GPS) devices declined with the arrival of GPS-enabled mobile phones, Magnet Inc., ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Zilly Co. predicts sales of $176,000 for June. Zilly pays a sales manager a monthly salary of $6,900 and a commission of 7% of that month's sales dollars. Prepare a selling expense budget for the month of June.
Answers (1)
Efficiency wages A. increase productivity and reduce unemployment. B. increase productivity but increase unemployment. C. decrease productivity but reduce unemployment. D. decrease productivity and increase unemployment.
Answers (1)
The government increases taxes. What might be a reason for this change in fiscal policy? A deficit due to improving nationwide public transportation A deficit due to more monies flowing in from investors A surplus due to greater amounts of income
Answers (1)
What cylinder head operation is the technician performing in this figure?
Answers (1)
Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $220,000. Focus Company initially offered to buy the land for $177,000.
Answers (1)
New Questions in Business
What equipment should you use to reheat food? A. A stove B. A heat lamp C. A steam table D. A chafing dish
Answers (1)
A small multifamily property generates $50,000 in rental income, $10,000 in expenses, and $25,000 in debt service. The property appreciates about $25,000 each year. What is the cash flow on this property?
Answers (1)
Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The property is subject to a $80,000 mortgage, which Marty assumes. Marty's basis in the Robot stock surrendered is $50,000.
Answers (1)
Sales and commission are based on selling price, not the costs you have been provided. Labor: 13.8 hours at 18.75 per hour Overhead: 92% of labor Material Costs: $65.
Answers (1)
When airbnb customers in malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.
Answers (1)