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2 years ago

All competitive advantages do not accrue to large-sized firms. a major advantage of smaller firms is that they:______.

1 answer:

7 0

Not all competitive benefits go to large-sized businesses. Smaller businesses have a lot to gain from this can start rivalry-related activities more rapidly.

A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins.

Success in business depends on having a competitive edge over your rivals because: It can result in larger profit margins. It might encourage attracting more clients more frequently. It promotes continued brand loyalty.

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Rhone-Rohrer Chemicals, a French leader in specialty chemicals used an ethnocentric policy to approach international markets. It

Genrish500 [490]

Answer:

Cultural Myopia

Explanation:

Myopia in general refers to short sightedness.

A Cultural myopia refers to the belief that one's own culture is better suited and apt in all situations and circumstances and applies to all people.

In business context, this conveys the inability of a firm to adopt or modify it's product strategies as per the market conditions of a foreign nation, thereby providing standardized or same products and services as it provides in it's own domestic market.

For instance, Heinz provides different variants of it's ketchups across the globe, incorporating changes and modifications in ingredients as would better suit a market and better cater to it's needs. The company for instance provides ketchup without onion and garlic as ingredients to suit Indian market requirements.

In the given case, the chemical company applied the same French ethnocentric policies in international markets and followed the same domestic marketing policies internationally. Thus, it's expansion move failed miserably since it failed to adapt to the requirements of global markets and could not cater to them effectively.

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3 years ago

SartainC orporation is planning its annual budget and has the following beginning and ending inventory levels planned for the ye

Tanzania [10]

Answer:

c.530,000 grams

Explanation:

Calculation for How much of the raw material should the company purchase during the year

First step is to prepare the Production Budget

PRODUCTION BUDGET

Budgeted unit sales 170,000

Add desired ending finished goods inventory

32,000

Total 202,000

(170,000+32,000)

Less beginning finished goods inventory (22,000)

Required production in units 180,000

(202,000-22,000)

Second step is to prepare Materials Budget

MATERIALS BUDGET

Raw materials required for production 540,000

(180,000*3 grams)

Add desired ending finished goods inventory

42,000

Total raw materials needed 582,000

(540,000+42,000)

Less beginning finished goods inventory (52,000)

Required material purchases 530,000 grams

(582,000-52,000)

Therefore the amount of the raw material that the company should purchase during the year is $530,000 grams

7 0

3 years ago

The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220. Furthermore, it

crimeas [40]

Answer:

The required probability is 0.066807

Explanation:

Given,

σ = 220

μ = 1200

The probability that a random selection of computer which will have the price of at least $1,530 is computed as:

P (X ≥ 1530 ) = 1 - P (X ≤ 1530)

= 1 - P ( X - μ / σ)

= 1 - P ( 1530 - 1200 / 220)

= 1 - P ( z ≤ 1.5)

= 1 - 0.933193

= 0.066807

Note: This 0.933193 value is taken from the z table.

8 0

3 years ago

chandler is using the selection filter so that certain values appear. he wants to show only the western states, but they are cro

diamong [38]

Answer:

The exclude box is checked, and he needs to uncheck it.

Explanation:

When you don't want to use filters you exclude them out. so for example, if you don't want to see data from the few regions that you have selected already, you could check exclude, click Apply, and you can see that the visualization changes and also the filter dialogue box has been updated so that there is a strike through that has a horizontal line through the names of the regions that are not being displayed.

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2 years ago

When eight to ten potential customers are asked for feedback on a good or service, advertisement, idea, or packaging by a compan

Crazy boy [7]

Answer: (B) Focus group

Explanation:

Focus group is refers to the group of people that basically focus on providing the feedback on various types of product, concept and the services. It is one of the process of market search processing in which the group focuses on the discussion for finding some useful information or data.

The focus group is mainly used in an organization for collecting the feedback on the new services and the products. The focus group is also refers to the type of quantitative research method.

Therefore, option (B) is correct.

3 0

3 years ago