1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alekssr [168]
2 years ago
8

In order to achieve a competitive advantage, Coastal Haven Hotels, a chain of luxury beach resorts, wants to increase its market

share. Which of the following strategies is most likely to do so?
a. Lower prices but eliminate several of the features that have come to define Coastal Haven properties for consumers, such as complimentary meals and in-room massages
b. Take advantage of economies of scale and scope by opening a chain of lower-priced economy hotels that leverage the Coastal Haven brand image.
c. Raise prices without increasing spending on customer service or resort features
d. Maintain prices but significantly increase spending on customer service and other amenities.
Business
1 answer:
Anna11 [10]2 years ago
8 0

Answer:

The correct answer is b. Take advantage of economies of scale and scope by opening a chain of lower priced economy hotels that leverage the Coastal Haven brand image.

Explanation:

The economy of scale refers to the power that a company has when it reaches an optimum level of production to produce more at a lower cost, that is, as production in a company grows, its costs per unit produced are reduced. The more it produces, the less it costs to produce each unit.

In other words, it means that if in a production function the quantity of all inputs used is increased by one percentage, the output produced can increase by that same percentage or increase by greater or lesser amount than the same percentage. If it increases by the same percentage, we would be faced with constant economies of scale, if it were in more, they would be growing economies of scale, if it were in less, in decreasing economies of scale.

In microeconomics, economy of scale is understood as the advantages in terms of costs that a company obtains thanks to the expansion and good synergies that it has applied to its competitive environment .

The concept of "economies of scale" serves for the long term, and refers to reductions in unit cost as the size of an installation and the levels of input utilization increase. The usual sources of economies of scale are the inventory (large-scale purchase of materials through long-term contracts), management and logistics (increasing the specialization of managers), financial (obtaining lower interest costs in bank financing), marketing and technology (benefiting of the scale yields in the production function).

You might be interested in
PHRASE TERM 1. A "plug" for the net effect of the current tax liability and changes in deferred tax assets and liabilities. 2. N
lesya [120]

This question is incomplete, here´s the complete question.  

Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the number for the most correct term.

Terms: Balance sheet classification, Income tax expense, Permanent difference, Temporary difference, Valuation allowance

1. A "plug" for the net effect of the current tax liability and changes in deferred tax assets and liabilities.

2. No tax consequences.

3. "More likely than not" test.

4. Produces future taxable amounts or future deductible amounts.

5. Noncurrent.

Answer:

1. A "plug" for the net effect of the current tax liability and changes in deferred tax assets and liabilities.

Income tax expense

2. No tax consequences. Permanent difference

3. "More likely than not" test. Valuation allowance

4. Produces future taxable amounts or future deductible amounts. Temporary difference

5. Noncurrent. Balance sheet classification

Explanation:

1. A "plug" for the net effect of the current tax liability and changes in deferred tax assets and liabilities. Income tax expense.

A deferred tax asset could be used to lessen taxable income.

A deferred income tax liability is the result of the difference between the income tax expense in the income statement and the income tax payable.

2. No tax consequences. Permanent difference

because

Since a permanent difference can never be erased, it won´t create deferred taxes.

3. "More likely than not" test. Valuation allowance

A valuation allowance is required agains a deferred tax asset if it´s "more likely than not" that part or even all of the deferred tax asset won´t be realized.

4. Produces future taxable amounts or future deductible amounts. Contrary to the permanent difference case, a temporary difference will produce future taxes.

5. Noncurrent. Balance sheet classification

Noncurrent assets appear in a balance sheet as investment, property, plant, equipment, intangible assets.

3 0
2 years ago
Two reasons why your simile makes sense
S_A_V [24]

It makes you happy and makes other people fell happy for you i witch it may make them feel happy


3 0
3 years ago
In microeconomics, what occurs when equilibrium is reached
Anna35 [415]
Prices are set. ☺️☺️☺️☺️
3 0
3 years ago
Read 2 more answers
Anchor Resort and Casino surveils its customers and employees through a complex network of recorded video; undercover security a
harkovskaia [24]

The potential disadvantage of monitoring employees that Anchor Resort and Casino managers do is that extensive monitoring can make employees feel that Anchor Resort doesn't trust them.

In a Casino where there is a high currency circulation and whose games can be more susceptible to fraud, it is necessary to have more regulation and monitoring, but when it becomes an excessive practice it can encourage employee turnover and demotivation.

There must be a mutual trusting relationship between a company and an employee, as a positive relationship generates greater job satisfaction, greater motivation and generates an organizational culture focused on development.

Therefore, Anchor Resort and Casino can develop a strategy to increase trust in the relationship among employees through training, open communication, feedback and encouraging positive practices in the company.

Learn more here:

brainly.com/question/11142307

7 0
2 years ago
Is Mark Zuckerburg a robot? cuz he sure looks like one
iris [78.8K]

Answer:

he is lol

Explanation:

5 0
2 years ago
Read 2 more answers
Other questions:
  • Which of the following is an example of long-term debt?
    7·1 answer
  • Which of the following would not be used to create a personal balance sheet?
    7·1 answer
  • Christie, a marketing executive who was born in 1955, advocated that her company focus on a print campaign for its new line of l
    15·1 answer
  • Why is looking at cash flow an important step in a good financial plan?
    11·2 answers
  • All of the following statements accurately characterize the management of American corporations in the 1920s except: men with en
    12·1 answer
  • What is a person who compromises called?
    8·1 answer
  • Which of the following sectors should be restructured?
    7·1 answer
  • Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
    14·1 answer
  • "An economy is based on three sectorsdashagriculture​, ​manufacturing, and services. For each unit of​ output, agriculture requi
    6·1 answer
  • A basic interest rate that is not adjusted for inflation is called a(n)___ interest rate.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!