The winner takes it all - is both an illustration of corporate success and a outcome of demand-side markets. But which of the following organisations or products are illustrations of this? (select all that apply)1 pointABBAAppleNokiaMasterCard
Question
The winner takes it all - is both an illustration of corporate success and a outcome of demand-side markets. But which of the following organisations or products are illustrations of this? (select all that apply)1 pointABBAAppleNokiaMasterCard
Solution
The phrase "The winner takes it all" refers to a situation where the most successful or dominant party gets all the benefits. In the context of corporate success and demand-side markets, this could refer to companies or products that have a significant market share or dominance in their respective fields.
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ABBA: This is a Swedish pop group, not a corporation or a product in a demand-side market. So, it doesn't apply.
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Apple: This is a multinational technology company known for its dominance and success in the technology market, especially with products like the iPhone. So, it applies.
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Nokia: This is a multinational telecommunications company. While it was once a dominant player in the mobile phone market, it has lost much of its market share in recent years. However, considering its past dominance, it could be seen as an example.
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MasterCard: This is a multinational financial services corporation. It is one of the major players in the payment processing market, so it applies.
So, Apple and MasterCard are the organizations that illustrate "The winner takes it all" concept. Nokia could be considered too, based on its past dominance.
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