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Basile [38]
3 years ago
9

Adam, the owner of The Toy Box (a toy store), has chosen his products carefully. They are all handmade of wood; none are cheap g

ames made of cardboard and paper. He knows he will be selling his toys to both adults and children; for example, his expensive chess and backgammon sets are quite expensive because the board and pieces are all made of wood by local artists and craftsmen. He knows that his customer base will not include parents who are looking for an inexpensive toy for their children or to give as a birthday gift; there is another store in town that offers mass-produced games. As part of his marketing outreach, Adam offers "game nights" where he sets up game boards and invites local teens and adults to take part in light-hearted competitions, where the winners receive a 10 percent discount to a game at the Toy Box. All of Adam’s activities are aimed at giving Adam a sustainable competitive advantage through ___________.a. defensive strategy
b. blue ocean strategy
c. diversified portfolio
d. vertical integration
e. sustainable competitive advantage
Business
2 answers:
xz_007 [3.2K]3 years ago
4 0

Answer:

b. blue ocean strategy

Explanation:

Instead of competing against rival companies in the mass-produced games market (red ocean), Adam is carving out his own market by offering the consumer a higher end product that, although is still composed of games, consists a in whole new segment with much less competition, if any (blue ocean).

Therefore, the correct answer is b. blue ocean strategy

matrenka [14]3 years ago
4 0

Answer:

The answer is B. The blue ocean strategy

Explanation:

Blue ocean strategy introduces a simultaneous pursuit of differentiation and low cost to open a new market space and create new demand. it is about creating and capturing uncontested market space, thereby making the competition irrelevant. It is based on the view that market boundaries and industry structure are not given and can be constructed by the actions and beliefs of industry players.

Blue ocean in contrast, denote all the industries not in existence today, the unknown market space, unattained by competition, demand is created rather than fought over.

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The new-product process starts with new-product strategy development. Place the steps that follow this one in order. (In other w
nalin [4]

Answer:

1. New-product strategy development.

2. Idea generation.

3. Screening and evaluation.

4. Business analysis.

5. Development.

6. Market testing.

7. Commercialization.

Explanation:

New product strategy is the first one as described and the remaining are briefed below:

Idea Generation: This steps creates the idea for how the product shall be created.

Screening and evaluation: This helps in evaluating the idea generated and comparing it with the practical manner.

Business Analysis aims at analyzing the business prospect of the new product.

Development is done once all of the above steps are in affirmation.

Market testing is done after the development about the market captured by the product or to be captured.

Commercialization basically aims at the proper introduction of the product in the market.

8 0
3 years ago
The Bombay Company, Inc., sold a line of home furnishings that included furniture, wall decor, and decorative accessories. Bomba
tatyana61 [14]

The guidance of the income assertion for the 12 months ended December 31 is $22,000.

income $94,000

value of products bought

Beginning end items inventory $20,000

add: a fee of goods synthetic $ forty-one,000

a fee of goods available for sale $ sixty-one,000

less: ending end goods inventory -$17,000

price of goods sold $ forty-four,000

Gross margin $50,000

much less: running expenses

popular and advertising expenses $15,000

general running fees $28,000

working earnings of $22,000

extra approximately the earnings statement right.

Monetary statement assertions are an employer's reputable announcement that the figures the agency is reporting are accurate. Assertions are made to attest to the authenticity of facts on balance sheets, profits statements, and cash flow statements.

Learn more about income assertion here:

brainly.com/question/14727142

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8 0
2 years ago
Stock and bond markets:
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Stock markets is a stock exchange and a bond market is where dept securities are issues and traded
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Ramon funds small businesses that he believes have the potential to grow large. when these companies are still in their initial
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<span>The fact that Ramon funds small businesses that he believes have the potential to grow large and when these companies are still in their initial stages and need investment, he buys their stocks at a low price and later sells them at higher prices when they are successful means that Ramon is a venture capitalist. The term venture capitalist in economics describes a person who i</span>nvests in a business venture, providing capital for start-up or expansion. 
8 0
3 years ago
Read 2 more answers
Blue Corporation had the following 2017 income statement. Revenues $102,000 Expenses 65,000 $37,000 In 2017, Blue had the follow
nalin [4]

Answer:

Cash provided by operating activities =$28,700.

Explanation:

Look at attachment for step by step guide.

8 0
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