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Katen [24]
3 years ago
10

Porter's four generic strategies for achieving competitive advantage are: (A) cost leadership, product differentiation, cost foc

us, focused differentiation.(B) cost leadership, product differentiation, cost challenger, product challenger.(C) price leadership, product differentiation, price challenger, cost differentiation.(D) price determination, cost leadership, product differentiation, distribution savings.(E) cost leadership, product differentiation, consumer differentiation, focused differentiation.
Business
1 answer:
Elis [28]3 years ago
3 0

Answer:

The correct option is: (A) cost leadership, product differentiation, cost focus, focused differentiation.

Explanation:

According to Michael Porter, the generic strategies that explains the process by which a company pursues a competitive advantage across its chosen market scope.

The three generic strategies used to achieve above average performance and competitive advantage are cost leadership, product differentiation, and focus. The two variants of the focus strategy are cost focus and focused differentiation.

<u>Therefore, the four generic strategies are</u><u> </u><u>cost leadership, product differentiation, cost focus, focused differentiation.</u>

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What is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers?
Zarrin [17]

Answer:

A brand logo is a tangible symbol that communicates the features, benefits, and the advantages of a particular product to consumers.

Explanation:

Logo can be defined as any symbol that is said to represent any particular brand and also depicts the features of that given brand. Many companies often succeed in showing the advantages and benefits of the products in the logo. It is tangible because we can see the image and design and sometimes can touch the image as well.  A well-known example of a brand logo is that of e-commerce company Amazon, which in its logo depicts that the company sells everything from A to Z with the help of an arrow below the alphabets A and Z of the word AMAZON. Therefore, the correct answer to the question is the brand logo.

4 0
3 years ago
Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the curren
lyudmila [28]

Answer:

See explanation Section

Explanation:

See the following images to get the proper explanations and step-by-step answer.

5 0
3 years ago
when the parent company of a foreign subsidiary believes that all of its investment in the subsidiary is exposed to foreign exch
katrin [286]

Answer:

Current rate method

Explanation:

Translation is defined as the conversion of financial statement of a foreign subsidiary from the foreign currency to local currency.

This is done to reduce the effect of foreign exchange risk.

If a foreign subsidiary is exposed to foreign exchange risk the best translation method is the current rate method.

Current rate method uses the current exchange rate in translation.

Translation is used when the local currency is the functional currency of the company.

7 0
3 years ago
Art teacher Monica earns time and a half for the number of hours she works over 40 hours. One week she worked 48 hours. How many
attashe74 [19]

Answer:

8 hours

Explanation:

Here, we want to know the number of overtime hours worked.

From the question, we are told that the pay is slightly different and higher if she worked for some hours over 40 hours

What this means is that the regular number of hours is 40; then the number of hours in this case 8 over 40 is her over time

3 0
3 years ago
In 2007, Salesforce recognized an emerging market for platform as a service (PaaS) offerings and developed a new competency in d
erik [133]

Answer:

A company developing new core competencies to create and compete in future markets.

Explanation:

Salesforce provides services that allow companies to use cloud technology to connect with their customers, associates and partners, by automating business processes and providing powerful APIs.

5 0
4 years ago
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