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2 years ago

The basis of strategic position through serving few needs of many customers is known as:_____.

Business

1 answer:

rosijanka [135]2 years ago

8 0

Strategy is the basis of a strategic position by serving only a few needs of many customers.

When there is a creation of a unique & valuable position it is called strategy. This strategic position can be developed through three sources. The first one is many customers and few needs. The second one is by having few customers and broad needs. The third one is by having many customers and broad needs.

A type of competing for the strategic position in strategy is known as Trade-Offs competing. The trade-Off competition requires the company to focus only on a few compatible strategies. Under this method, the company will not follow more strategies that are general but focus its attention only on a strategy that is specific. So the company will try to implement a system that is independent and different and reinforces each of its activities.

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A car rental agency rents 180 cars per day at a rate of 30 dollars per day. For each 1 dollar increase in the daily rate, 5 fewe

photoshop1234 [79]

Answer:

Rate = $33

Maximum Income = $5445

Explanation:

Let x be the amount of increase in rental to achieve maximum profit.

So, Rate = (30+x)

When rate increase by x, the quantity decreases by (180 -5x).

Income = (30+x) * (180 - 5x)

Income = 5400 - 150x + 180x - 5x²

Income = -5x² + 30x + 5400

The income will be maximized when derivative of Income is zero.

Taking derivative,

dI/dx = 2 * -5x + 1 * 30x° + 0

-10x + 30 = 0
-10x = -30
x = -30 / -10
x = 3

The rate at which cars should be rented to earn maximum income is 30 + 3 = $33 per day per car.

Maximum Income will be,

Rate = 33

Quantity = 180 - 5(3) = 165 cars

Max Income = 33 * 165 = $5445

8 0

3 years ago

Read 2 more answers

Dax is an architect who wants to be able to let clients walk through a digital version of a house before the house is actually b

34kurt

Virtual Reality can be used by Dax, so that his client will be able to walk through a digital version of a house before actual building.

<h3>What is Virtual Reality?</h3>

Virtual Reality can be regarded as a computer-generated environment which looks like a real life environment with scenes and objects .

Therefore, Dax can use Virtual Reality to shows his clients about his house digitally.

Learn more about Virtual Reality at;

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2 years ago

A regional trucking company landed a contract to supply products for a major retailer. To do this, it needs to hire an IT profes

Zigmanuir [339]

Answer: • set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

• protect the confidentiality of the database

Explanation:

The options include:

a. Set up the computer hardware for the database

b. Set up the computer software for the database

c. train designated employees to use the database

d. Design a help page to show people how to use the database

e. protect the confidentiality of the database

Since the new hire is an IT professional who is employed to create a shipment database, the individual should be able to:

• set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

• protect the confidentiality of the database

7 0

3 years ago

3 Points

Maslowich

Answer:

C. An auction market

Explanation:

Option A is wrong because merchant wholesalers purchase any products directly from the manufacturers and sell those to the retailers, or consumers. In that case, buyers and sellers do not need to come together to complete a transaction.

Option B is incorrect as the warehouse club is recognized as a retail store where customers can purchase bulk products to reduce the expenses. In that case, only sell is the motive.

Option D is wrong because drop shippers cannot hold the inventory to their stocks. Therefore, customers and manufacturers will not come together.

<u><em>Option C</em></u> is correct because, in an auction market, the buyer and the seller have to come at the same time to complete a transaction. In that market, the buyer will directly negotiate with the seller to purchase a product or something else.

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4 years ago

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Economists believe that scarcity is

krek1111 [17]

Answer:

Scarcity refers to the basic economic problem, the gap between limited that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

HOPE THIS HELPED!!!!!!!!!!XDDDDD

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3 years ago

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