Question

why do you think the senior managers believe that 'increasing returns to owner is important?'​

Answer 1

Answer:

Increasing returns can magnify this advantage, and the product or company or technology can go on to lock in the market

Answer 2

You think the senior managers believe that 'increasing returns to owner is important.

• The propensity for those who are ahead to move farther ahead and those who are losing advantage to lose more advantage is known as the law of increasing returns. If a product gains an advantage, rising returns may amplify the benefit, and the product may then secure the market.
• Increasing returns are a propensity for those in the lead to pull ahead and those losing out to fall further behind. They are processes of positive feedback that work inside markets, corporations, and industries to amplify success or worsen failure.
• The following are the reasons why a factor's returns are increasing: use of the fixed factor in full. greater synchronisation of the factors. division of labour and improvement in variable factor efficiency.
• The law of diminishing costs is another name for the law of growing returns. The law of increasing return asserts that: "The law of increasing return" is the tendency of the marginal return to increase for each unit of variable factors used in fixed amounts of other variables by a firm.

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