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frutty [35]
4 years ago
11

Firms possessing certain core competencies are more likely to create competitive advantages based on these competencies. However

, before a competitive advantage can be translated into specific customer benefits, the firm's __________ must recognize that its competencies give it an advantage over the competition.
a. management
b. target markets
c. shareholders
d. employees
e. strategic partners
Business
2 answers:
Masteriza [31]4 years ago
7 0

Answer:

B) target markets

Explanation:

I'm not sure if you remember the Pepsi challenge where allegedly "ordinary" people were blindfolded and they were given both Pepsi and Coke and they had to choose their favorite. That challenge started in 1975, and the results were supposedly favorable towards Pepsi. Theoretically way over 50% of the people liked Pepsi more than Coke. But if this is true why do Coke sales keep increasing while Pepsi sales keep diving?

At the beginning, the challenge had a significant impact in increasing Pepsi sales, but after a short time things were back as usual. For example, the latest update on Coke v. Pepsi sales are Coke sales increasing world wide from 17.3% to 17.8% of the total soda world market, while Pepsi's market share continues to fall from 10.3% to 8.4%. This represents 2018 sales, there are no new updates yet for 2019.

Back to the question. If better flavor was Pepsi's core competency over Coke, why aren't they number 1? Pepsi is always a few cents cheaper than Coke, so the price is not an issue for them. The answer is simple, either customers refused to agree with their core competency or the core competency never existed. Anyway, at least in western countries, the market is king, and a tyrant also. A company cannot impose a core competency, the market decides who has it or not. Pepsi is not even number 2 in the US, Diet Coke is number 2 (Coke is number 1).

k0ka [10]4 years ago
3 0

Answer: B- target market

The firm'sTarget market_ must recognize that its competencies give it an advantage over the competition.

Explanation:Target Market:This Is a group of customers that the business directs it's production and marketing efforts on.

it is necessary for establishments to know the consumers purchasing from the company and how to continually cater for thier needs because Companies and manufacturers have competitors who can compete with them with thier target market

A company must be willing and able to have an edge over it's competitors by improving the benefits they provide to their target market , This is by knowing who buys from the company, thier wants and needs and prospective/intending consumers by implementing strategies essential for the business to thrive or have a competitive advantage over it's competitors.

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motikmotik

Answer:

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Explanation:

because it is a very good noise

6 0
3 years ago
3. Company with single taxation is called?
bagirrra123 [75]

Answer:

(a) S-Type

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

A company with single taxation is called S-Type i.e sole proprietorship.

Basically, a sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax.

4 0
3 years ago
On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,561 tuition per month pay
JulijaS [17]

Answer:

Dr accounts receivable   $ 1,280.50  

Cr tuition fees earned                             $ 1,280.50  

Explanation:

At the end of October, WTI would have taught the class for  half a month, hence the commensurate tuition fees earned should be recognized by debiting accounts receivable as an asset while tuition fees earned is credited accordingly.

Half of the month tuition fees=$2,561*1/2=$1,280.50  

The $ 1,280.50  tuition fees earned for half of October is debited to accounts receivable and recognized as revenue earned by crediting tuition fees earned

8 0
3 years ago
Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are conf
inessss [21]

Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are confident in the economy).

Consumption increases and interest rates fall.

If there is more money in the economy, then there is an increase in the money supplied and consumed. Due to more being available to 'claim' more people are working and buying items they may not have otherwise and the interest rates start to fall because people aren't borrowing as much.

4 0
3 years ago
Read 2 more answers
In the product development process, what takes place between concept testing and market testing? securing financial backing cond
Finger [1]
The answer is product development. The formation of products with new or dissimilar features that agreement new or additional welfares to the customer. The product development may include alteration of an current product or its performance or formulation of an completely new product that gratifies a afresh distinct customer want or market place.
5 0
4 years ago
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