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ololo11 [35]
3 years ago
15

An automobile company decides to improve the quality of all its products and bring more variety into its product line. The compa

ny has decided to adopt ________.
Business
2 answers:
yarga [219]3 years ago
5 0

Answer:

B. Industry wide differentiation

Explanation:

Industry wide differentiation is a business strategy technique that involves a company becoming unique and setting it apart from others. It involves improving qualities of products and introducing a wide range or variety of product line that meets and satisfies the attributes customers want. These improvements in quality makes the company product to become superior in the eyes of the consumers when compared with products of competitors in the same industry. It is also called Broad differentiation as the strategy aims at differentiating the company's product by improving quality and making it more unique than the products offered by rivals or competitors in thesame industry in ways it appeals to a broad range of buyers.

Alex73 [517]3 years ago
4 0

Answer: B) industry-wide differentiation

Explanation:

This is an act of industry offering different products, services or product features into the existing one. This helps the industry to compete with their competitors. It gives them an edge and also make them more attractive to the prospective consumers.

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The follow passage describes how a catalytic converter in a car works. The catalytic converter mostly likely was developed in re
Mashcka [7]

Answer:

Its A

Explanation:

Its A

5 0
3 years ago
Locus Company has total fixed costs of $118,000. Its product sells for $55 per unit and variable costs amount to $39 per unit. N
Dmitriy789 [7]

Answer:

8,850 units

Explanation:

We know that

Net income = Unit sales × (Selling price per unit - variable cost per unit) - Fixed cost

$23,600 = Unit sales × ($55 - $39) - $118,000

$23,600 = Unit sales × $16 - $118,000

$23,600 +$118,000 = $16 unit sales

So, unit sales = 8,850 units

The net income is computed below:

= Given percentage × Total fixed cost

= 20% × $118,000

= $23,600

6 0
3 years ago
Toothpaste manufacturers understand that consumers have different needs when it comes to toothpaste (i.e., teeth whitening, sens
Nataly [62]

Answer:

market segmentation

Explanation:

Market segmentation -

It is the marketing strategy , where the market is bifurcated into different segments , according to the needs of the consumers , is referred to as market segmentation .

The needs and taste of the consumers are considered , for a particular segment , and is incorporated into the goods and services .

Hence , from the given scenario of the question ,

The correct term is market segmentation .

3 0
4 years ago
Minimum-wage laws can keep wagesa.a) above equilibrium and cause a surplus of labor.b) above equilibrium and cause a shortage of
Airida [17]

Answer:

The correct answer is option a.

Explanation:

Minimum wages can be defined as the minimum level of wages that an employer is supposed to pay to workers for their work. It cannot be reduced through an individual contract or collective agreement.  

Minimum wages are fixed above the equilibrium level of wages. At this level, the demand for labor is lower while supply is more because of high wages. This creates surplus labor in the market.  

4 0
3 years ago
Strategic alliances refer to a.Multinational firms that have as many different product variations, brand names, and advertising
pentagon [3]

Agreements between two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value.

Answer: Option D.

<u>Explanation:</u>

Strategic alliance is the alliance of two or more firms or companies with each other. This alliance has been formed by tow or more companies with each other in order to achieve common goals.

But this does not mean that these firms and companies will give up their independence in forming their alliance. The goals for forming this is to earn profits and get access to the market.

3 0
4 years ago
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