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:
- Cost Focus.
- Cost leadership.
- Differentiation Focus.
- Differentiation Leadership.
Answer:
Marketing channels.
Explanation:
Marketing Channels is one of the core aspects of marketing which enables a company to marketize its products, services, and brand identity to it's customers.
The Gluten Free Bars (GFB) are the vegan bars created by Marshall and Elliot Rader (brothers). The brothers created the GFB in 2010, and heralded the gluten-free industry.
<u>To marketize their products, they used the element of marketing channels. They first reached to their possible customers by shopping their products to independent coffee shops, then to grocery and natural food stores. They used the channels of independent coffee shops, grocery and natural food stores to marketize their products and services to their possible customers.</u>
Thus the correct answer is that they used marketing channels aspect of marketing.
Answer:
1st quarter:
Sales budget= 26,400 units
Explanation:
Giving the following information:
First-quarter budgeted jump rope sales in units 23,000
Second-quarter budgeted jump rope sales in units 70,000
Inventory at the beginning of the year was 3,600 jump ropes.
Totz Company wants to have 10% of the next quarter's sales in units on hand at the end of each quarter.
To determine the production budget, we need to take into account the beginning inventory, the sales for the quarter and the ending inventory.
Sales budget= sales for the quarter + ending inventory - beginning inventory
1st quarter:
Sales budget= 23,000 + (70,000*0.10) - 3,600= 26,400 units
Answer:
d. the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.
Place more oil on the market this year, shifting the curve rightward.
Explanation:
1. In the given scenario the government is willing to give home-construction companies $10,000 for every house that they build.
This will result in more willingness on the part of the construction companies to build more houses.
More houses built means more income coming in from the government.
Therefore the supply curve of home building will shift to the right.
2. When oil producers expect prices of oil to increase in the next year, there is a need to control oil prices by increasing availability of oil in the market.
Increase in price results from a scarcity of oil. So to mitigate this excess oil is supplied to control price increase.
This action will shift the curve rightward.
In the given situation, the systems property illustrated is called equifinality. The case says that there three people were fired at ABC Corporation. Eugene was fired because he was incompetent. Rita was fired because she was unethical. Kayla was fired because of economic conditions. Equifinality in business implies that firms may establish similar competitive advantages based on substantially different competencies. The concept is that there are many paths to the same end. The idea states that there are multiple ways to reach a final goal. In open systems, equifinality states that in open systems a given end state can be reached by many potential means.
