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2 years ago

Michael porter says that companies gain a competitive advantage by giving customers __________.

Business

1 answer:

Delicious77 [7]2 years ago

8 0

That companies gain a competitive advantage by giving customers focus, cost leadership, and differentiation

<h3>What is competitive advantage?</h3>

A firm seeks a competitive advantage when it aims to surpass its rivals in terms of profitability. An organization must be able to communicate to its chosen target market that it has a higher comparative or differential value than its rivals in order to establish and retain a competitive advantage. For instance, a business is likely to have a competitive advantage if it advertises a product at a lower price than a similar product from a rival. The same holds true if the marketed item is more expensive but has special characteristics that buyers are ready to pay for.

The SWOT (Strengths, Weaknesses, Opportunities, and Threats) analytical technique is credited to Albert Humphrey at the Stanford Research Institute. Porter's Five Forces is an alternative model that helps businesses understand their position within a competitive landscape.

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Retail websites can most advisedly grow their email list by Group of answer choices automatically putting all customers on the b

larisa [96]

Answer:

Allowing customers to sign up for the email list during the checkout procedure

Explanation:

Mobile Shopping

This is on a rapid increase and a common trend due to the popularity of smartphones and tablets, mobile shopping is the practice of purchasing goods or services using a mobile device. There is the act of shopping online using a computer, only with a smaller screen. Mobile shoppers can complete their transactions either on a retailer's mobile site or with the use of an app.

Email marketing has information about deals that might interest its customers. Customers usually do not like stress and one of the best way to sign up for emails is during checkout time for goods bought.

4 0

3 years ago

Acme Company’s production budget for August is 17,600 units and includes the following component unit costs: direct materials, $

Ivan

Answer:

Instructions are below.

Explanation:

Giving the following information:

Actual production in August was 18,810 units.

During August, 319,770 pounds of raw material were used that were purchased at $0.50 per pound.

The standard direct material cost per unit consists of 11 pounds of raw material at $0.7 per pound.

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

<u></u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (0.7 - 0.5)*319,770

Direct material price variance= $63,954 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 18,810*11= 206,910

Direct material quantity variance= (206,910 - 319,770)*0.7

Direct material quantity variance= $79,002 unfavorable

7 0

3 years ago

John doe has advanced cancer. the only treatment alternative left for him is a rare, highly experimental bone marrow transfusion

Strike441 [17]

The answer is: "utility" .
_______________________________________

7 0

3 years ago

The process in which entrepreneurs test their business models on a small scale before committing serious resources to launch a b

Artist 52 [7]

Answer: Business Prototyping

Explanation:

The business prototyping is one of the concept that helps in understanding all the industrial standard procedural by applying the similar type of method and ideas in the business organization.

In the inventing process it is essential for creating the business prototyping process based on the specific vision.

According to the given question, the business prototyping is used by the entrepreneurs for the purpose of testing the business model before their launch on very small scale.

Therefore, Business prototyping is the correct answer.

8 0

3 years ago

Assume that the interest rate on borrowing in Japan is 1 percent, while the interest rate on deposits in Australian banks is 5 p

Svetllana [295]

Answer:

The correct answer is option is b.

Explanation:

Swing trade is a trading strategy where attempts are made to earn profit from the stocks in a span of a few days.

Carry trade is a type of currency trading strategy. Under this strategy, money is borrowed in a currency which has a lower interest rate then converted and deposited into the currency which has higher interest rates. In this way, profit is earned.

Under channel trading strategy, the trading is done in a certain channel which represents the value of assets for a specific period. It is for short term and medium term.

Under the price action trading strategy, the price movements in the market are studied and trading is done on this basis.

6 0

3 years ago