The strategy which will help companies succeed during the<em> growth stage </em>of a product cycle is:
- b. Focusing on creating product differentiation.
<h3>What is Product Cycle?</h3>
This refers to the various processes which a product has to undergo to become the finished product which would help it to grow and develop and allow the developers to check for errors.
With this in mind, we can see that the best strategy which would help companies to succeed during the <em> growth stage </em>of a product cycle is to focus on creating product differentiation.
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The business life cycle corresponds to the stages that a business goes through throughout its existence in the market, which are existence, survival of the fittest, success, take-off and maturity. The correct sequence for this question is C B D A E.
<h3>Maturity</h3>
The business is separate from the owner with responsibilities delegated to staff. A business in this stage usually commands a considerable share of the market and may even be a household name.
<h3>Takeoff</h3>
Expansion strategies are implemented, and investment is balanced with potential.
<h3>Existence</h3>
The business introduces itself to the market and attempts to catch the attention of potential customers.
<h3>Success</h3>
Company is stable and profitable.
<h3>Survival of the Fittest</h3>
Focus shifts to revenue, expenses, and growth. Cashflow is the major issue.
Therefore, the business life cycle will help management to manage its resources according to the business phase and make more effective decisions for competitiveness and organizational positioning.
The correct answer is:
C. Maturity
B. Takeoff
D. Existence
A. Success
E. Survival of the Fittest
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Developing a resilient brand is less about <u>pushing a product</u> and more about <u>building trust</u> with the consumers.
<h3>What is a resilient brand?</h3>
Resilience in branding relates to the concept of creating brands that can last longer in the market.
The qualities of a resilient brand are, they able to:
- change with the requirements of the consumers
- recover from setbacks
- achieve extension over new products types
- take on new business models
- win the customers every time.
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The answer is: allocate resources.
Resource allocation refers to the act of managing the usage of assets that we own in order to achieve our goal. In order to deal with a shortage, the common strategies that the government use usually revolve around either reducing the consumption of that commodity, reducing export, increasing our own production or increasing the purchase of that resource from other countries.
Answer:
$2,250 favorable
Explanation:
The direct material price variance is computed as;
= ( Standard price - Actual price ) × Actual quantity
Given that;
Standard price = $8.75
Actual price = $8
Actual quantity = 3,000 units
Direct material price variance
= ( $8.75 - $8 ) × 3,000
= ( $0.75 ) × 3,000
= $2,250 favorable
