Answer:
B. Reservations, pricing, and advertising
Explanation:
Demand management variable analyses profit contribution of products and customers. Enhancing demand for profitable products and customers, while decreasing demand for unprofitable ones.
Demand management involves pricing, advertising, reservation, and complimentary offerings.
It is a way for the business to maximise profit from activities that gives it more profit, while reducing activities that are relatively less profitable. This increases the efficiency of the business.
Answer:
It represents the strength of the company.
Explanation:
The reason is that strengths are the resources or uniqueness of the company that are used to oppose threats and exploit opportunities. The biggest store in Shanghai is the uniqueness of the company, so it represents its strength.
On savings accounts, banks make money by paying depositors virtually no interest. Most major banks pay an interest rate of only 0.01% on their savings accounts. And then they use the money customers deposit to make loans at much higher rates. So, we are basically giving interest-free loans to banks. and by the end of the year they will have over a million dollars.
Answer:
The answer for one of the factors included in Porter's diamond is C) firm strategy, structure, and rivalry
Explanation:
Porter's Diamond Model also known as the Theory of National Competitive Advantage of Industries is a diamond-shaped framework that focuses on explaining why certain industries within a particular nation are competitive internationally, whereas others might not.
Firm strategy, structure, and rivalry refer to the basic fact that competition leads to businesses finding ways to increase production and to the development of technological innovations. The concentration of market power, degree of competition, and ability of rival firms to enter a nation's market are influential here.
The loss of potential gain from other alternatives when one alternative is chosen.
example: "idle cash balances represent an opportunity cost in terms of lost interest"
