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stepan [7]
3 years ago
7

Product differentiation is the process that firms use to make a product more attractive to potential customers. On which of the

following criteria can firms differentiate their products? Choose one or more:A.location (downtown, next door)B.excess capacity (ability to produce more than current output)C.quality (durable, reliable, easily broken)D.style/type (language, size, speed)E.entry/exit (joining a market as a new firm, "retiring" as a firm)F.number of competitors
Business
2 answers:
Burka [1]3 years ago
5 0

Answer:

Location

Quality

Style / Type

Explanation:

Product differentiation is a strategy that companies use to distinguish their products from other similar ones in the market in order to gain competitive advantages

From the options given in the question , a firm can use location , quality and style / type to differentiate its product.

  1. Location : A convenient location considering factors like proximity , motor access and others can attract more customers
  2. Quality : Good contents , durability , value for money factor of a commodity will also attract customers
  3. Style / Type : Appealing styles and good packages will also attract customers.
ipn [44]3 years ago
3 0

Answer:

A) Location(Downtown, next door) and C) Quality (Durable, reliable, easily broken)

Explanation:

Product differentiation can take many forms depending on the strategy and type of product. Product differentiation should be able to showcase the ability of a product to be versatile, that is, ability to do all sorts of things which competing products can do but with an extra advantage through which no other product can or will be able to offer. These forms include:-

1) Price:- Price can be a strategic move which a firm can take. For example, a firm can reduce its charging price for the product and this will be a very welcomed development for consumers who cherish low priced products whereas the firm might increase the price of their product to indicate it'd quality.

2) Reliability:- Products which are reliable are often referred to as long term assets because they tend to last long more  than the competing product.

3) Location:- Good location raises the bar of a product because of its area of coverage. If the area tends to be favourable with the product, then its product differentiation strategy has worked out.

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Why dress code important ?
mote1985 [20]

Answer:

Visual Uniformity – Having every employee dressed to the standards of the dress code will create visual uniformity which helps customers identify employees and subtly promotes the impression of 'being a team' among the whole workplace.

Explanation:

1) A dress code promotes a more serious school atmosphere which emphasizes academics and promotes good behavior.

2) Dress codes have proven to increase student achievement by encouraging students to concentrate more on their studies and less on their wardrobe. A de-emphasis on clothing can also save money, as there will be less pressure to keep up with expensive trends and fashions.

3) Dress codes in school settings reduce social conflict and peer pressure that may be associated with appearance.

4) Studies indicate that a school dress code can reduces the prevalence of certain behaviors which are often expressed through wardrobe such as violence or promiscuity.

5) As opposed to uniforms, dress codes still allow students to wear what they want which leaves students with a sense of choice and expression.

3 0
3 years ago
lander has a netflix account and loves to watch independent and international films. after each film that he streams, netflix cr
marysya [2.9K]

Netflix is ​​using the digital marketing technique of using measurable, data-driven information to add customer value.

This digital marketing technique of creating a list of potential films based on Lander's film screening history helps Netflix generate value for the customer, generating benefits such as:

  • reduction in the time the client looks for a film.

  • meeting customer needs.

  • increased satisfaction.

  • greater customer loyalty.

  • creation of relationship and interaction between company and customer.

Therefore, artificial intelligence uses data to create value for the consumer, making the experience more targeted and aligned with consumer tastes and preferences, which makes the company better positioned and competitive in the market.

Learn more here:

brainly.com/question/8367090

5 0
2 years ago
Read 2 more answers
Last year Aft charged $2,946,667 Depreciation on the Income Statement of Andrews. If early this year Aft purchased a new depreci
Kisachek [45]

Answer:

Decrease in Bank balance and increase in fixed assets

Explanation:

When a new depreciable asset is purchased, the money leaves the bank account hence reducing the bank balance in the statement of financial position, and on the other hand the 'Fixed asset' balance will rise by the same amount; recognizing the addition to the assets of the company. In this scenario the balance sheet totals remain unchanged as the same amount has been subtracted from 'bank' and added to 'fixed assets' all within the asset side.

However, if the asset is debt financed, it will increase the long term liability figure because 'bank loan' will be recognized. Hence the totals of the balance sheet will rise by the amount of the loan on the 'Capital and liabilities' side and the amount of the asset on the 'Asset' side.

Another impact is that the amount of depreciation charged to the Income Statement will be higher than $2,946,667 which was charged in the previous year because the new asset's depreciation will have to be added.

3 0
2 years ago
Giancarlo was just hired to revive an ailing publishing company. He would like to see a financial picture of the company at this
Alex

Answer:

balance sheet

Explanation:

A balance sheet is one of the most essential financial statements that helps accountants and managers grasp the financial structure of the company, at a <u>certain point of time</u>.

The balance sheet clearly states the company's assets, liabilities and stockholders' equity, rigorously adhering to the basic accounting equation:

Assets = Stockholder's Equity + Liabilities

The equilibrium of the equation above is non-negotiable; it relies on common sense too. Every company owns things - <em>assets</em>, which were obtained with the aid of a e.g. bank loan - <em>liability, </em>or investor money - <em>stockholders' equity</em>.

These three groups can be further itemized into smaller, concrete accounts. Also, the <em>liquidity principle</em> is applicable in terms of ordering the items in an increasing liquidity order.

The time context is also an important distinction of this specific financial statement. While statements such as the P&L statement refer to <em>a specific time interval</em> (year, quarter...), the balance sheet reflects <em>a specific point of time.  </em>

6 0
2 years ago
Concord Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $30000 Var
avanturin [10]

Answer:

Option (c) is correct.

Explanation:

Variable manufacturing costs = $30000

Variable selling and administrative costs = $14000

Fixed manufacturing costs = $160000

Fixed selling and administrative costs = $120000

Investment = $1700000

ROI = 50%

Planned production and sales = 5000 pairs

ROI = Investment Value × ROI Rate

       = $1,700,000 × 50%

       = $850,000

Desired ROI per Pair of Shoes :-

= ROI ÷ Planned production and sales

= $850,000 ÷ 5000  pairs

= $170

3 0
3 years ago
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