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Elena L [17]
4 years ago
11

A real estate company provides housing services to retired individuals. It basically helps individuals above the age of sixty to

search for houses with peaceful surroundings.
Which of the following statements holds true for the real estate company?

a.It depends on its ability to reduce the price to drive competition out of the market.

b.It does not face damaging attacks from larger firms.

c.It growth is never stymied irrespective of the fact that it serves a niche market.

d.Its area of operation cannot be made to disappear or be taken over by larger competitors.

e.It can charge very high prices.
Business
1 answer:
Harrizon [31]4 years ago
8 0

Answer:

The correct answer is the option E: It can charge very high prices.

Explanation:

To begin with, the business presented in the case as a real estate company that provides housing services to retired individuals who typically are above the age of sixty can charge high prices to their customer due to the fact that basically they are looking for the most important service that there is in the market, a house. Moreover, the fact that the company only sales to retired people and therefore it specializes in a niche market indicates that the company is good at what they do an that is why those individuals choose it. Furthermore, the fact that these elderly people go to the organization expecting to find a house with peaceful surroundings generates the fact that they are willing to pay as much as they can to have the best for them  at the very last of their time.

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Answer: D. All of these choices are correct.

Explanation:

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This includes all options (a-c) for the following reasons:

a. Supplier partnering - it is important to have a smooth operations in terms of the organisation's relationships with their partners. This leads to an efficient supply management because this leads to better control over the flow of material and production planning, especially when the aim is to use minimal resourses.

b. Employee involvement - in lean manufacturing, less human effort is required. However high quality goods at the right quanity still needs to be produced.Therefore it is important for the little employees needed, to work cohesively to produce these goods effectively and efficiently.

c. Product orientated production layout - Also known as assembly line, this is when employees perfom minimal functions at a time, to produce large quantities of a few types of products that are different.

So for lean manufacturing to be implemented and operate effectively, it requires all these options.

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