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Luda [366]
3 years ago
8

Jake Lamps manufactures lamps, lights, shades, and bulbs. Its lighting lasts long and saves power, and it is superior in quality

when compared to all its competitors. Its products are being sold at the lowest price in the market. In the context of industry-level strategy, the company is most likely using a(n) _____.
Business
1 answer:
grigory [225]3 years ago
7 0

Answer: Cost leadership strategy.

Explanation:

Jake Lamps is making use of cost leadership strategy, where their products are set at lowest cost price in a market where they have competitors present. Cost leadership strategy, is a useful tool in a market which comprises of prize sensitive consumers.

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In working hours method the depreciation on a fixed asset is charged using the ratio of numbers of hours utilized by the asset in a period and lifetime working capacity in hours.

First, we need to calculate the Depreciable value

Depreciable value = Cost of Asset - Salvage value = $315,000 - $15,000 = $300,000

Depreciation = Depreciable value x Numbers of hours worked / Total working capacity of Asset = $300,000 x 25,000 / 100,000 = $75,000

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<em> The average total cost of a given level of output is the slope of the line from the origin to the total cost curve at that level of output</em>

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