Answer:
It must reduce the firm's costs below that of its competitors while offering superior value.
Explanation:
Cost Leadership is the mechanism of establishing a competitive advantage by having the lowest cost of operation in the industry. This strategy is especially beneficial in a market where the price is an important factor.
Cost Leadership strategy: Increasing profits by reducing costs, while charging industry-average prices. Increasing market share through charging lower prices, while still making a reasonable profit on each sale because you've reduced costs.
As opposed to offering superior products or brand appeal, a cost-leadership company's greatest value to consumers tends to be low pricing. Therefore, if a competitor can reduce costs more, it will pose a substantial threat to a company's consumer base.
The example of ownership capital is : Shares
Shares determine that you have a part of percentage of the company (you will also get part of its income)
Example of Borrowed capital is : Leasing.
Leasing is a rental agreement in which you can borrow goods that you can use for your production process
hope this helps
The quantity demanded changes slightly with the price.
This is a <u>demand curve</u>, not a supply curve, so we can immediately knock off the first two options that deal with production (supply).
Now with the last two answers we just have to decide if the change in demand is slight or great. Look at the two data points that have dotted lines leading to them.
p1= Price $50, demand 15
p2= Price $30, demand 20
The price dropped $20 but demand only rose by 5 units, so this is a pretty slight change. The up/down tilt of the curve will tell you if the change is big or small.
Answer:
the marginal utility from drinking one more glass of water is likely to be <u>needing to pee hugely</u> the marginal utility from going to one more movie.
Explanation:
Answer:
Explained
Explanation:
At Tesla's Fremont, California plant, managers must decide on the monthly production quantities of their S and X models. In making this decision, the managers must face a trade-off, because producing more of one model means producing less of the other. So, there need to an optimum balance between production of model S and X and too will depend upon the demand in the market once, the variants are launched.