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Nikolay [14]
4 years ago
9

Organizations can achieve a competitive advantage by using their resources to: Group of answer choices duplicate the value a com

petitor firm provides to its customers. create strategies that are simultaneously being implemented by competitors. foster competitive inertia. provide greater value for customers than competitors can.
Business
1 answer:
noname [10]4 years ago
5 0

Organizations can achieve a competitive advantage by using their resources to "provide greater value for customers than competitors can".

<u>Option: D</u>

<u>Explanation:</u>

For any organization or any business oriented firm their main target should be only consumers or audience, for whom the firm is actually working to provide any kind of goods and services as per their need and demand. Like an ice-cream firm is well aware about the need of flavor and taste its audience need, but also competitors are pressurizing them to lower or higher the product price, thus inspite of concerning what opponent need better to target audience, who is really a source of good and handsome profit.

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When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook
Serga [27]

Answer: Total Revenue is $100 and the price elasticity is 0.4

Explanation: total revenue is computed as Price * Quantity

$0.5 * 200= $100

Elasticity is the degree of responsiveness of quantity demanded to a change in price.

Old price $1

New price $0.5

Old quantity 75

New quantity 200

Formula- % change in quantity demanded / % change in pride

NB change is (old-new)

Change in Qd= (75-200) / 75 =-1.67

Change in price=(1-0.5)/1=0.5

-1.67/0.5= -3.34

The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic

4 0
3 years ago
The following labor standards have been established for a particular product:
andrey2020 [161]

Answer:

Results are below.

Explanation:

<u>To calculate the direct labor rate and efficiency variance, we need to use the following formulas:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (17.7 - 17.8)*7,600

Direct labor rate variance= $760 unfavorable

Actual rate= 135,280/7,600= $17.8

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4*1,800 - 7,600)*17.7

Direct labor time (efficiency) variance= $7,080 unfavorable

4 0
3 years ago
Identify and explain two dufference between the public sector and private sector
olga nikolaevna [1]

Public Sector: the part of an economy that is controlled by the government.

( The government controls the income, and everything part of a business)

Private Sector: the part of the national economy that is not under direct government control.

( Sometimes referred to as " a citizen run business" in which a citizen makes all the choices and decisions for what is best for their business)

3 0
3 years ago
When you decide to go and have a dinner with your friends in a world class hotel such as the Golden Tulip or La Pleasure Beach,
bezimeni [28]

Answer:

A. Price makers

B. Brand name

Explanation:

A. The hotels charge very high prices for wine and soft drinks because they are not price takers. They do not consider the price prevailing in the market for the products they are offering to the customers. They are price makers and select to charge the price they want to maintain their current hospitality. It their perception that wine and soft drinks are part of luxury. The food is an essential and people are not allowed to bring outside food in the hotel so they will buy it but when they will consume food they will also require the drinks as a part of their meal.

B. The people in today's world are so much brand conscious. They will pay for a name tag so they will be regarded for their high status in the society despite of low quality products. The ease of shopping at the branded stores is another reason for their high sales.

5 0
3 years ago
Corporate triple A bond interest rates for 12 consecutive months are as follows:
pashok25 [27]

Answer and Explanation:

The answer is attached below

5 0
4 years ago
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