Answer:
Competitive Advantage refers to those attributes which makes a company's products stand out in the market against those of it's competitors and helps it gain a competitive edge.
Managers usually use the following four tools to analyze competitive intelligence to develop competitive advantages:
- Michael Porter's generic strategies
- Michael Porter's five forces model
- Value Chain analysis which aims to identify the value added at each level of production and assign extra importance to those stages which contribute immensely to a product's value.
- SWOT Analysis which is strengths weaknesses opportunities and threats. To maximize strengths, identify and limit weaknesses, sense and grab opportunities and minimize or avoid threats.
Answer:
$290,450
Explanation:
The computation of the total shareholder equity for the year 2021 is shown below:
= Common stock issued + Net income - Dividends - Treasury stock purchased
= (10,100 shares × $6.90) + (20,800 shares × $9.30) + $109,000 - $41,000 - (3,600 shares × $11.30)
= $69,690 + $193,440 + $109,000 - $41,000 - $40,680
= $290,450
Hence, the total stockholder equity for the year 2021 is $290,450
Discounts on products may or may not answer questions from customers, but this does not mean that if a company offers discounts on a product, customers will answer their questions and decide to buy.
Discounts on goods or services are a great way to get new customers quickly. Even if they have never heard of your business before, a discount is likely to pique their interest when they learn that they can save money on goods or services they want, are likely to use, or have considered using. As a marketing strategy, discounts may not only help you increase your bottom line but also attract new customers and attention.
Benefits of providing discounts
- Attract new customers Discounts- as previously stated, are extremely appealing to customers and have the potential to attract both new and returning customers. Discounting products and services, particularly those in high demand, is a great way to get people's attention. Particularly in these days of social media, word-of-mouth traffic may significantly improve promotion outcomes. Your business's revenue is likely to rise as a result of increased traffic either online or in-store (or both).
- Increased Sales Despite- The fact that fewer products and services typically result in the greatest number of sales, increasing foot traffic to your store or website suggests that customers will be more likely to consider purchasing other products and services. The increased demand for one item may result in additional purchases while they are there.
- Enhances Brand Image- There are a number of scenarios in which a business might offer a discount in order to improve its image. A company's image may greatly benefit from targeted discounts, such as seasonal or location-specific discounts or discounts for a particular group of people. For instance, if a company gives discounts to people who are older, have served in the military, or have survived cancer, it shows that it cares about and can relate to certain groups (which gets more attention).
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Answer: Collect the product and replace it with a new one
Explanation: Full warranty on any manufactured product means that for the next one year after the purchase of such item, the buyer is entitled to return it for a replacement, once the item has a fault.
A full one year warranty on any product includes any manufacturers defect on products. Defects detected during the cause of the product usage within the stipulated period.
Answer:
Downscoping
Explanation:
The term that is being described in the question is known as Downscoping. Like mentioned, this term basically represents establishing a focus on the company's core businesses while at the same time getting rid of all that is not essential. This is very different from Downsizing which revolves around reducing the number of employees and operating units, thus reducing and changing the composition of the business itself. Although very different, these terms are often confused for one another.