Answer:
b. False
Explanation:
In a competitive environment, pricing strategy is one of the strategies to ensure efficiency and profitability. But lowering of prices at the expense of deterioration in the quality of product offerings cannot be a recommended strategy.
The four competitive strategies specified by Michael Porter are namely, Cost Leadership, Differentiation, Cost Focus and Differentiation focus.
Under Cost leadership, a firm strives to offer it's products at the lowest cost and be the cost leader in an industry.
Differentiation refers to adding unique attributes and values to the products which differentiates such products from those of the competitors.
Cost focus refers to cost leadership when targeted at a particular marketing segment and similarly, differentiation focus is differentiation when applied to a specific marketing segment.
A firm cannot focus at price at the expense of quality of it's offerings. Thus, keeping prices down isn't all which matters.
Answer:
The correct answer is D
Explanation:
Competition is the term which is described as the rivalry among companies selling the similar products and the services in order to achieve or accomplish the market share growth, revenue and profit.
The competition among the business is a contest or the rivalry among the firms or organization to win the revenue. It is the fundamental force, that benefits or advantage the customers as the firms are under the pressure in order to improve the products and also provide or offer the attractive prices.
The answer is "<span>$14,858".
this is how we calculate this;
</span><span>She purchased new equipment for = $26,000
</span>($26,000 × 50% bonus) + ($13,000 × 14.29%)
=13,000 + 1857.7
= $14,857.7 = $14,858
Answer:
True
Explanation:
Within the hospitality industry such as hotels, the are Key Performance Indicators that used to measure financial health. These Key Performance Indicators include:
Average room rate, bed occupancy rate, occupancy percentage and cost per occupied room.
It is quite clear that occupancy is actually key because it is reflected in three out of the four Key Performance Indicators for the hospitality industry.
Occupancy and Economic Health
Average room rate, bed occupancy rate and occupancy percentage actually determines the revenue that comes into the hotel at any point in time. And low performance indicators may mean difficulty in meeting financial obligations.
Occupancy and Industry Health
Another reason why occupancy is key especially in the entire industry is because occupancy is the key service provided by hotels and as such, a low occupancy rate on the average from various hotels may indicate danger in the entire industry and vice versa.
Answer: D. Public transportation facilities are not an example of tangible costs.
Explanation: A tangible cost is a cost that is related to a source or asset that a person or company has. Labor, utilities and depreciation are all examples of tangible costs because they are an expense that occurs to product the good or conduct the service.
