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Alex Ar [27]
3 years ago
14

Swan Song is a spa that caters to the needs of a small percentage of highly health-conscious consumers. It offers state-of-the-a

rt treatments in a luxurious setting. Since there are very few spas that offer the same unique services, customers are willing to pay a premium price for its products and services. In this scenario, Swan Song is following a ___.
Business
2 answers:
Andreyy893 years ago
6 0

Answer:

The correct answer is: focused differentiation strategy.

Explanation:

The focused differentiation strategy refers to position 5 of the strategic clock. In this strategic position, companies offer products / services with a high added value perceived by customers in exchange for high acquisition prices.

Companies that offer Premium products / services as well as companies dedicated to the luxury sector have the strategy of focused differentiation as the axis of the company's operation.

Companies such as Ferrari, Rolex, Hermes, Cartier, Mont Blanc, Mercedes are examples among others.

vagabundo [1.1K]3 years ago
6 0

Answer:

C. Focused differentiation Strategy

Explanation:

Focused differentiation strategy involves targetting a small group of customers or consumers with a differentiated product. It involves offering unique product or service characteristics in order to meet the needs of a specific small target market. In this case, the small target market of swan song is the highly health conscious customers. They offer state of the art treatment which is their unique characteristics to that narrow market. This strategy helps create customer's loyalty, limited competition, customer awareness and so on.

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produces considerable inefficiency in the use of scarce resources. effectively harnesses the incentives of workers and entrepren
gladu [14]

Complete Question:

The market system:

A. produces considerable inefficiency in the use of scarce resources.

B. effectively harnesses the incentives of workers and entrepreneurs.

C. is not consistent with freedom of choice in the long run.

D. has slowly lost ground to emerging command systems.

Answer:

B. effectively harnesses the incentives of workers and entrepreneurs.

Explanation:

An economic system can be defined as a series of governmental or societal arrangements and a coordinating mechanism used for the allocation of available resources, economic inputs, goods and services across a particular country. The economic system differs according to the method used to coordinate economic activities and who the factors of production belongs to.

Generally, there are basically two (2) main types of economic systems and these are;

1. Command systems.

2. Market systems.

The market system effectively harnesses the incentives of workers and entrepreneurs because workers are able to engage in division of labor and are well compensated for their efficiency in service while the entrepreneur are usually rewarded with an increase in sales and profits.

The market system allows participants to have property rights such as trademarks, patents and copyright. Also, market systems are regulated by the competition among individuals (traders or entrepreneurs) and this gives direction to the market as they pursue self interests and are independent.

7 0
3 years ago
Camden Biotechnology began operations in September 2013. The following selected transactions relate to liabilities of the compan
USPshnik [31]

Answer:

Cash (Dr.) $12,000,000

Short term notes payable (Cr.) $12,000,000

Cash (Dr.) $2,600

Liability of refundable (Cr.) $2,600

Interest Expense (Dr.) $250,000

Interest Payable (Cr.) $250,000

Accounts receivable (Dr.) $4,100,000

Sales Revenue (Cr.) $3,977,000

Sales Tax Payable (Cr.) $123,000

Cash (Dr.) $10,000,000

Bond Payable (Cr.) $10,000,000

Explanation:

<u>Liability Schedule 2013,</u>

Accounts Payable $252,000

Current Portion of notes payable $2,000,000

Interest Payable $250,000

Sales tax Payable $123,000

Liability for refundable deposit $2,600

Total Current Liability $2,627,600

4 0
3 years ago
Suppose an economy is initially operating at long-run equilibrium when there is an increase in consumer optimism about the econo
sladkih [1.3K]

Answer:

The correct option is Increase and Decrease respectively

Explanation:

6 0
3 years ago
Why is it beneficial for businesses to be stationed in cities?
masya89 [10]
Because there are more buyers of your product and more suppliers for the things you need.
5 0
3 years ago
Advances in technology like the creation of cheap, lightweight laptops has allowed workers to work from almost anywhere. Please
andriy [413]

Answer:

Got this from the same website you used

Explanation:

Advances in technology like the creation of cheap, lightweight laptops have allowed workers to work from almost anywhere. TRUE.

5 0
2 years ago
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