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Alika [10]
2 years ago
9

Kelsie told you her goal is to be one of the best overall programmers in the world. She​ doesn't care who she works​ for, or wha

t systems she​ develops, she just wants to be the best. She feels with that level and breadth of​ skill, she will be able to command the highest salary possible. On a personal​ level, Kelsie is embracing which of​ Porter's competitive​ strategies?
Business
1 answer:
DochEvi [55]2 years ago
4 0

Answer:

Differentiation of products throughout the industry.

Explanation:

The three generic strategies proposed by Michael Porter are: global leadership in costs, differentiation and focus or concentration, through them a company can face the five forces that shape competition in a sector and achieve a sustainable competitive advantage that allows it beat rival firms.

In the differentiation strategy, the company must produce exclusive services / products that are thus perceived by consumers, who are willing to pay more to have it.

You might be interested in
Economists differ in their views of the role of the government in promoting economic growth. At the very least, the government s
Sloan [31]

Answer:

The correct answer is A) Lend support to the invisible hand by maintaining property rights and political stability .

Explanation:

The absence of the government in legislative tasks related to the market is, therefore, one of the main bases of the economic theory developed by Adam Smith throughout his bibliographical work. For Smith, the leaders must deal with other areas of control more focused on defense or justice, leaving the market to its free operation.

The invisible hand presupposes that there is an inertia by which the market and its self-regulation leads individuals to make the best decisions for the majority of the population to achieve well-being. In other words, it is a kind of automatic control mechanism that compensates the actions taken as a whole, regulating social conformations.

Therefore, it is assumed that the self-regulation facilitated to the markets helps to achieve an optimal market. To do this, individuals must behave in such a way that they can act without state mediation and in pursuit of their own interest.

The metaphor of the invisible hand also supposes that individuals are encouraged or held back to produce or not to follow the level of prices that exist in the market. Prices and profits are sufficient indicative to know when to participate in the market or not. Basically, if there is profit in a market niche, this supposes a stimulus for production, while losses lead individuals to quit.

7 0
3 years ago
AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav
Cerrena [4.2K]

The contract must be very detailed and should include all the contingencies spelled out in it.

<u>Explanation:</u>

Contract is a document that is made between two or more than two parties who have come in to an agreement with each other over a particular thing. The contract might be a business contract that the parties make which should have the proportion of profit and liabilities of the business that is to be shared among the partners.

Since the profit and losses are to be shared between the business partners on the basis of this contract, the contract should have very detailed information in it and all the contingencies should be spelled out in it.

6 0
3 years ago
Martha was promised a 10% raise if she wins a contract with the city government. Martha could use the money to pay off some debt
Vlad1618 [11]

Answer:

The answer is expectancy.

Explanation:

Expectancy theory is a concept developed by Victor H. Vroom in 1964, where he postulated, that the strength an individual has in terms of his or her motivation to do an action, would appear when three components are satisfied to a certain value: expectancy, instrumentality, and valence. The question above is relevant to the expectancy component, which is detailed as the belief that an individual has regarding their efforts would result in the individual choosing to perform an action. In the case of Martha, she wasn’t sure that her efforts in trying to win the contract would lead to her 10% raise (outcome, a component of instrumentality), and thus, she decided not to try.  

3 0
2 years ago
A privately owned summer camp for youngsters has the following data for a 12-week session: Charge per camper $480 per week Fixed
riadik2000 [5.3K]

Answer:

a) (480-320)X - 192,000

where:

X is the camper amount which is an integer between;

0 < X <200

b) it will require 1,200 over the course of 12 weeks

c) operating gain of 115,200

d)  marginal cost at 80% capacity: 320

   average cost: 420 per camper per week

Explanation:

b) contribution per camper:

480 - 320 = 160 dollars

fixed cost 192,000

192,000 / 160 = 1,200 campers

c) at 80% capacity:

200 camper x 12 weeks x 80% x 160 contribution  =

  307.200‬ contribution

<u> - 192,000 </u>fixed cost

  115,200 operating gain

d) the marginal cost per camper would be the 320 cost per week as the fixed cost are incurrent already thus, each new camper cost is only their variable cost.

the average cost per camper will be:

200 camper x 12 weeks x 80% = 1,920 campers

the average cost would be the sum of variable and fixed cost:

(1,920 x 320  + 192,000) / 1,920 = <em>420‬</em>

<em />

we cna verify this:

(480 - 420) x 1,920  = 115.200‬

we get the same income as before thus, the calculation are correct.

3 0
3 years ago
Cogswell Corporation is considering how to price their patented mega-cogs. It knows that if it prices each widget at $50 then th
allsm [11]

Answer: $25

Explanation:

Total revenue, at price = $50

Total revenue = price × units sold

                       = $50 × 0

                       = 0

Total revenue, at price = $45

Total revenue = price × units sold

                       = $45 × 1

                       = $45

Total revenue, at price = $40

Total revenue = price × units sold

                       = $40 × 2

                       = $80

Total revenue, at price = $35

Total revenue = price × units sold

                       = $35 × 3

                       = $105

Marginal revenue of third unit = \frac{Change\ in\ total\ revenue}{change\ in\ units\ sold}

                                                    = \frac{105 - 80}{3 - 2}

                                                    = $25

5 0
2 years ago
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