Answer: credit or debit cards
Explanation:
Answer:
Explanation:
Intellectual property protection is critical to fostering innovation. Without protection of ideas, businesses and individuals would not reap the full benefits of their inventions and would focus less on research and development. Similarly, artists would not be fully compensated for their creations and cultural vitality would suffer as a result.
Yeah, a pie chart lets you see which color is larger/bigger. Like more young customers or more older customers.
Internal environment is the term used to describe groups within a company.
That's why there's a term such like "working environment"
It can also be called as Team or department, but it is describe as the internal environment, since people are making new environment consist of different people working together
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.