When a company services the broad market and has a low degree of product differentiation, it is most likely pursuing a cost-leadership strategy.
<h3>What is Cost Leadership?</h3>
Cost leadership is a term used when a company projects itself as the cheapest manufacturer or provider of a particular product or commodity in a competition. It is difficult to deploy the strategy because the management must constantly work on reducing cost at every level to remain competitive.
Cost leadership is a part of marketing strategy. Although, it is highly effective in gaining market share as well as drawing the customers' attention, it is difficult to deploy. The management team of the company has to constantly work towards reducing the cost of not just one product, but the entire range of products in the company's portfolio.
<h3>What Is Cost Leadership Strategy?</h3>
Cost leadership is a business-level strategy employed by companies who wish to gain a competitive advantage by being the lowest-cost producer of a service, production process, or commodity.
Therefore, we can conclude that the correct option is it is most likely pursuing a cost-leadership strategy.
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Answer:
ECOA
Explanation:
ECOA Prohibits discrimination based on age (provided they have the capacity to contract)
Trade secrets they help companies to stay competitive by,
1. Misappropriation. A company discovery this trade secrete through the lawful methods of employee poaching or reverse engineering and the unlawful ones. For example, industrial espionage.
2. Protection. The owners who protects the trade secrete from the competition by having special procedures on how to handle it and legal security measures and technology.
3. Value. The value of a company trade secrete is measured by way of capitalization of market which is major and invisible whereby it is hard to measure the contribution.
Trade secret is termed as the pattern, instrument, practice, process and formula and compilation of information which is not known by others where a business can have advantages over the customers or the competitors.
Under the Ricardo-Barro theory, the government is possible to
increase taxes in the future in order to pay back the money borrowed to finance
a current <span>budget
deficit. In a case where this effect is
absent, the result would be:</span>
<span>
</span><span>A government budget deficit <u>will
increase</u> the demand for loanable funds, <u>increase</u> the real interest rate, and <u>decrease</u> the investment.</span>
I know 7 is If goods are used together, increased demand for one will increase demand for the other.
