A strategic management tool known as the "Business Model Canvas" aids companies in describing, developing, and analyzing their business models.
As part of his PhD research, Swiss business theorist and entrepreneur Alex Osterwalder created the canvas. The Business Model Canvas was further developed in a book called Business Model Generation that he co-authored with the Belgian computer scientist who served as his graduate advisor.
Business Model Generation's front cover states that it was "co-created by: an outstanding crowd of 470 practitioners from 45 countries."
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Answer:
The equilibrium price would increase, and the equilibrium quantity would decrease.
Explanation:
With an increase in the cost of steamed milk, the cost of materials, one of the key factors in pricing decision would rise, which means that the equilibrium price of lattes would also increase. With an increase in price, according to the law of demand, there is a decrease in demand. Therefore, the quantity of lattes sold at the new equilibrium price would decrease.
The equilibrium price would increase, and the equilibrium quantity would decrease.
Answer:
The answer is "competitive parity with each other".
Explanation:
It refers to spending on a level equal to your opponents, while you spend more on performing than our competition in a competitive edge. The goods offered by the competitors are each were and can easily be swapped with the product.
It is a defensive strategy used by companies, whilst still the financial resources, to protect their image, brand & positioning. A sector where, compared to others in your sector, you achieve ordinary or average results.
Answer:
The correct answer is option B.
Explanation:
Average Total cost refers to the average cost it takes to produce one unit of the product.
It is arrived at by:
1) Determining all the costs ( variable and fixed costs) and summing them all.
Total Costs= Variable costs + Fixed Costs
2) Determining the total number of the units produced.
Therefore to establish the total average cost you will have to divide the total cost( Variable and Fixed) with the total number of units produced.
Total Average Costs = Total cost ( variable+ fixed)/ Total units of output.