Answer:
It must reduce the firm's costs below that of its competitors while offering superior value.
Explanation:
Cost Leadership is the mechanism of establishing a competitive advantage by having the lowest cost of operation in the industry. This strategy is especially beneficial in a market where the price is an important factor.
Cost Leadership strategy: Increasing profits by reducing costs, while charging industry-average prices. Increasing market share through charging lower prices, while still making a reasonable profit on each sale because you've reduced costs.
As opposed to offering superior products or brand appeal, a cost-leadership company's greatest value to consumers tends to be low pricing. Therefore, if a competitor can reduce costs more, it will pose a substantial threat to a company's consumer base.
The marketing mix, also known as the four p's of marketing, consists of product, price, promotion, and place. They are the main essential elements in the marketing mix, which implies in the strategic formation of the company.
<h3>What is marketing mix?</h3>
Marketing mix is the strategy in the initial state of introducing the product. The company do the study about the product which they are going to launch before introducing it into the market.
They have four main elements of the marketing mix that are product is that which is going to launch, price consist of the price of the product in the initial stage, place consist of the place where the product is going to launch, and promotion is the technique of advertising the product's and features.
Thus, it is place.
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Answer:
program evaluation using one of the research techniques
Explanation:
According to my research on , I can say that based on the information provided within the question a program evaluation using one of the research techniques. The analyst can use one of many research approaches in order to evaluate the program and acquire the information needed to provide a full report to his/her boss.
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Answer:
$929404.14
Explanation:
Given;
Selling cost of the heating station = 143.5 million yen
Exchange rate = 140 yen per dollar
The exchange rate after 6 months = 154.4 yen per dollar
The amount to be received =
or
The actual amount received =
or
The actual amount received = $929404.14
Answer:
Five Step Procedure.
Explanation:
I would follow following steps to deliver the quality service:
- The first step would be to contact the athlete who had donated money and ask about the relevant information.
- Then I would ask about his major accomplishment associated with this charity.
- After all this, I would contact the charity to cross verify the information and will ask about how they will use the money and how much valuable it is for the lives of people it is going to affect.
- I would now meet the person who received the charity and would ask him / her about how valuable is it for them because their words describe how valuable it is for the people.
- This could be written down within 2 days by visiting the athlete, the charity and the people who received the donation. Then I will submit to the press release and media outlets.