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ExtremeBDS [4]
3 years ago
10

A competitive strategy of striving to be the low-cost provider is particularly attractive when a. buyers are not price sensitive

.b. the industry is made up of a large number or equal-sized rivals.c. there are many ways to achieve product differentiation that have value to buyers.d. price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyerse.switching costs are high, price competition is strong, and buyers tend to use the industry's products in many different ways
Business
1 answer:
PilotLPTM [1.2K]3 years ago
6 0

Answer:

d. price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.

Explanation:

Michael Porter specified 4 generic strategies for gaining competitive advantage, which are namely,

1. Cost Focus

2. Differentiation Focus

3. Cost Leadership

4. Differentiation

Cost leadership refers to charging lowest price and attaining cost advantage in the industry.

Differentiation refers to designing products with unique attributes.

Striving to be low cost provider would be most attractive when the buyers have low switching costs i.e it is easier and cheap to switch between products and wherein buyers are large and exercise considerable bargaining power.

Thus, the correct option is (d). price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.

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Pete jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the acc
Hatshy [7]

Pete Jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by: decrease cash, increase equipment.

When using the accounting equation, recording the acquisition of kit for cash would come with a rise to the account and a decrease to the (Cash/Equipment/Supplies) account. What's the right definition of an asset? Business activities change the amounts within the accounting equation.

The purchase of an equipment would only result in a rise in an asset (Equipment) and a decrease in another asset (Cash) within the same amount which might result in the identical total amount of assets, liabilities and equity, and can not affect the fundamental accounting equation.

The formula is straightforward: A company's total assets are adequate to its liabilities plus its shareholders' equity. The accounting equation is also expressed as assets - liabilities = owner's equity.

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3 0
1 year ago
On October 1, Year 1, Jason Company paid $7,200 to lease office space for one year beginning immediately. What is the amount of
victus00 [196]

Answer:

The amount of rent expense that will be reported on the Year 1 income statement is $1,800 .

The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $5,400.

Explanation:

Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.

The duration of the payment is 12 months, hence  

Monthly amortization = $7,200/12 = $600

Rent expense for year 1 = $600 × 3 = $1,800

The ending balance in the prepaid rent account will be  

= $7,200 - $1,800

= $5,400

This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.

6 0
3 years ago
Check all answers that apply. Based on the model output, we can say that both the size of the move (CuFt) and number of large fu
RideAnS [48]

Answer:

P-value for slope coefficient of the size of the mode CuFt is0.00

Explanation:

The slope coefficient is change in probability when all other independent variables are held constant. The output is 93.3 which is due to the variation in labor hours. These variations are due to large number of furniture moved in cubic feet.

7 0
3 years ago
Joint stock companies were organizations meant to establish colonies in the americas by people from
Alex17521 [72]

Answer:

Britain

Explanation:

Once they landed in America, the British set up a joint stock company, which was the start of what we now recognize as a corporation These stocks were marketed to investors with the thought of getting some cash, which created minimal-risk capital.Citizens embraced the idea as there was minimal risk and significant benefit. It really is accurate, therefore, that joint stock companies were organisations planned by the British to create colonies in America.

7 0
3 years ago
Read 2 more answers
A process cost system would be used for all of the following products except computer chips. motion pictures. chemicals. soft dr
denpristay [2]

One thing that a process cost system cannot be used for from the given options is Motion pictures.

<h3>What is process costing?</h3>

This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.

Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.

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5 0
1 year ago
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