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inessss [21]
3 years ago
15

Contour Autos competes against the global leaders in the automobile industry by developing and selling acceptable quality vehicl

es at a lower price. This has been possible due to the company's large-scale production that reduces its manufacturing expenses. Which of the following generic business strategies is Contour Autos applying in this scenario?a. differentiation strategyb. product diversification strategyc. cost-leadership strategyd. liquidation strategy
Business
1 answer:
alisha [4.7K]3 years ago
5 0

Answer:

c. cost-leadership strategy

Explanation:

Contour Autos tend to decrease the price of the product and that the quality served of the product is acceptable and not degraded. In this manner as against the normal industry the company supplies same quality goods at lower prices.

This decreases the cost for consumers and therefore, it is termed as Cost-Leadership strategy.

The Company tends to lead in the market through lower cost of goods supplied with the same quality.

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Question 2b<br> Short answer please its only for 2 marks
Ronch [10]

Answer:

a retailer, a marketing agency

Explanation:

Since this business is operating both B2B (business to business) and B2C (business to consumer), it would be wise to transfer the B2C operating to a retailer. It is often hard for manufacturing businesses such as SEP to handle this two-way communication and it is often advised to reach the end users via retailers.

When it comes to marketing agencies, it is a common practice to leave the promotion part of the marketing mix to these external groups. Outsourcing advertising and promotion activities to marketing agencies is very cost-effective, as agencies tend to have more a creative basis.

4 0
2 years ago
How does scarcity affect Trey?
Diano4ka-milaya [45]

Answer:

The answer is: All our actions and decisions are affected by scarcity. Trey must decide what actions he needs to take to maximize his well being.

Explanation:

By definition all resources are finite, they have a limit. Even the richest corporations in the world have a certain amount of money, no one can have infinite money. No basketball team is made up of 7 billion people, someone in the world will not be able to play basketball. Time, materials, goods, services, everything is limited, so everything is scarce.

Trey´s (and everyone else´s) day is only 24 hours long, so he must decide how to divide his time to achieve the goals that maximize his happiness or well being. He must decide what is most important for him, a car or the basketball team. Time scarcity sets up a limit on the decisions we make. He must decide whether to work more to be able to buy the car, or should he stay on the team and forget about the car. Only Trey can decide based on what will make him happier.

6 0
3 years ago
Which of the following are examples of demonstrating professional behavior in the workplace? Check all of the boxes that apply.
AfilCa [17]

Answer:

1, 2, 4, 5, 6

Explanation:

6 0
2 years ago
Read 2 more answers
Which type of ad agency is most likely to offer its clients an extensive range of marketing, communications, and promotions serv
aivan3 [116]

Answer: B. Full Service Agency

Explanation: The above agency would provide all the necessary services to its clients -an extensive range of marketing, communications, and promotions services, including planning, creating, and producing the advertising; performing research; and selecting media?

6 0
3 years ago
The discounted payback period for a project will be _______ the payback period for the project given a positive, non-zero discou
Zepler [3.9K]

Answer: longer than

Explanation:

The discounted payback period simply refers to the number of years that will be required for the cumulative discounted cash inflows to be able to cover a project's initial investment.

It should be noted that the discounted payback period for a project will be longer than the payback period for the project given a positive, non-zero discount rate. This is because the time value of money will be taken into consideration, hence, this will bring about a longer time.

3 0
2 years ago
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