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MaRussiya [10]
3 years ago
7

True or False: Victoria's Secret, with its low-priced holiday discounts, exemplifies a firm pursuing cost-leadership; while Wal-

Mart, with its vast mix of products, exemplifies a firm pursuing a differentiation strategy. True False
Business
2 answers:
Alexeev081 [22]3 years ago
6 0

Answer:

False.

Explanation:

The Victoria's part is true she is pursuing cost leadership by keeping it's price low although the Walmart's example is not related to differentiation strategy of competitive advantage. Because keeping mix of products is not differentiation, it's not unique.

  • Porter suggested 4 strategies and he believed that by using one of these strategies companies can gain <em>competitive advantage. </em>

The 4 strategies for competitive advantage:

  1. Cost Focus.
  2. Cost leadership.
  3. Differentiation Focus.
  4. Differentiation Leadership.

Ket [755]3 years ago
4 0

Answer:

The statement is: False.

Explanation:

Cost leadership refers to the efforts companies make to create a comparative advantage, meaning to differentiate from competitors bu using opportunity costs that allow the production costs to be lower. Producers' discounts are not a comparative advantage unless the production of the goods offered were lower than competitors. Thus,<em> Victoria's Secret campaign for low-priced holiday discounts is not an example of cost leadership</em>.

The differentiation strategy is related to the differential advantage companies develop the whole offering a product that has a unique feature making it outstanding from its competitors. Most firms implementing this approach focus on the production of one product only to offer customers a specialized good. So, <em>if Wal-Mart provides a mix of products, the store is not implementing a differentiation strategy</em>.

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Financing, market research, risk-taking, and other services are considered to be ________ functions.
Artyom0805 [142]

Answer:

Facilitating functions

Explanation:

Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.

They do not involve direct exchange of title of products or physical handing of goods.

For example the activities of marketers of a product results in easy sale of the product by the manufacturer.

Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother

7 0
3 years ago
The standard deviation of return on investment A is 25%, while the standard deviation of return on investment B is 20%. If the c
Mrac [35]

Answer: –0.0130

Explanation:

Correlation given the variance and the standard deviation of the two returns can be calculated by;

Correlation coefficient = Covariance of returns on investment A and B / (Standard deviation of return on investment A * Standard deviation of return on investment B).

Rearranging the formula, Covariance becomes;

Covariance of returns on investment A and B = Correlation coefficient * (Standard deviation of return on investment A * Standard deviation of return on investment B)

Covariance of returns on investment A and B = -0.260 * 0.25 * 0.20

Covariance of returns on investment A and B  = –0.0130

5 0
3 years ago
The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $142
Damm [24]

Answer:

1. $4,400 Favorable

2. $14,000 Unfavorable

3. $9,600 Unfavorable

Explanation:

The computation of given question is shown below:-

1. Variable factory overhead Controllable Variance

= $142,600 - 6,000 × 24.5

= $142,600 - $147,000

= -$4,400

= $4,400 Favorable

Where, 24.5 = standard rate - fixed overhead rate

= $28 - $3.5

= $24.5

2. Fixed factory overhead volume variance

= $35,000 - 6,000 × $3.5

= $35,000 - $21,000

= $14,000 Unfavorable

3. Total factory overhead cost variance

= ($142,600 + $35,000) - (6,000 × $28)

= $177,600 - $168,000

= $9,600 Unfavorable

5 0
4 years ago
_____ has always been a feature of the taiwanese economy but experts warn that the _______ ________ ________ will hamper growth
konstantin123 [22]

Taiwan is an economic success. Since 1992, Taiwan’s GDP growth has averaged 4.5 percent. This raised real per capita income from $9,116 in 1992 to $19,762 in 2012, with the result that today Taiwan is the 28th wealthiest country globally, and 6th richest country in Asia. And along the way Taiwan has transformed itself from a dictatorship into a vibrant democracy.[1]

5 0
4 years ago
Read 2 more answers
Job qualifications refers to the education, work experience, and skills appearing on a job opening.
Alex Ar [27]

Answer:

The term job qualifications refers to the education, work experience, and skills appearing on a job opening. Recruiters and hiring managers use the list of required and desired job qualifications when selecting applicants for an interview, so its true.

3 0
4 years ago
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