A week later, when asked to recall the accident again, Mike reports the driver of the SUV running a stop sign is an example of <span>misinformation effect
</span><span>misinformation effect refers to a situation when someone's ability to recall episodic memories became impaired after not relieving it for some period of time. This happens because, after the event, the episodic memories tend to be replaced by newer memories that happen after that.</span>
J.c. penney attempted the strategy integrated cost leadership . but it couldn't outprice walmart, nor could it compete with macy's and target.
An integrated cost leadership/differentiation strategy basically combines a cost leadership strategy (selling your products or services at a low cost) and a differentiation strategy (offering differentiated products or services). This way, the company offers differentiated products at the lowest possible price.
The company needs integration of its production systems, management and network system, so that it is possible to achieve economies of scale that reduce the cost of production and sales, and search for continuous improvement in all its processes .
Therefore, J.c. penney attempted the strategy integrated cost leadership . but it couldn't outprice walmart, nor could it compete with macy's and target.
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