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According to a cloudy history of time, Honeywell, IBM, and Xerox were the dominant companies in what industry in 1975?

Answer :

Final answer:

In 1975, the dominant companies in the computer and technology industry were IBM, Honeywell, and Xerox. However, with the rise of globalization, the competition expanded from national to global, similar to the shifts seen in other major industries.

Explanation:

In 1975, the dominant industry companies were Honeywell, IBM, and Xerox. They heavily invested in computers and technology to pioneer some of today's most recognized innovations. At this time, the measurements of concentration ratios and Herfindahl-Hirschman Indices (HHIs) primarily focused on national borders. However, with the rise of globalization, their competition now arises from a global market. This change reflected across various markets, including the auto market, where previously dominant U.S companies lost their market share to global competitors.

This shift, just as it was for the auto industry, can be likened to the market boundary changes Honeywell, IBM, and Xerox faced in their time. As pioneers of significant technological advancements, they enjoyed a substantial market presence domestically. However, as the once-national markets became global, they had to contend with increased competition from all over the world.

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Timesharing Industry in 1975 a cloudy history of time, honeywell, ibm, and xerox the dominant companies

According to the American Resort Development Association, the timeshare sector started in the middle of the 1970s as a means to get rid of extra condos (ARDA). Over the course of the industry's 50-year history, timeshare kinds have changed.

timesharing with set weeks

The initial form of timesharing was fixed-week arrangements. With this type, you are guaranteed precise dates at a specific location (and perhaps even a specific unit) each and every year. Despite being less adaptable, it's a fantastic option for those who value stability and habit. With a fixed-week timeshare, you may choose the date and location of your choice without competing with other vacationers.

Timeshare that's floating weeks

In order to provide timeshare owners with more possibilities, this kind of timeshare was developed in the early 1980s. It permits owners to utilize their timeshares for a week during a certain season or maybe at any time of the year. The approach can make it more challenging to reserve attractive periods, though.

Timeshare System, Point

A particular amount of points are awarded to timeshare owners year or every other year under the point system, which was first used in the middle of the 1970s. These points can then be redeemed for annual stays at specific properties. Similar to frequent flyer miles or hotel points, the amount of timeshare points you'll need to redeem for a stay may vary depending on the resort you want to stay at, its location, the size of your room, and the dates of your visit. You'll pay more points for whatever is in higher demand.

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