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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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Joe wants to be able to purchase a dream car on January 1,2004, just after he graduates from college. Joe has had a part time jo
Bad White [126]

Answer:

FV= $46,031.45

Explanation:

Giving the following information:

Monthly deposit= $450

Number of months= 59

Interest rate= 0.21/12= 0.0175

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {450*[(1.0175^59) - 1]} / 0.0175 + 450

FV= $46,031.45

5 0
4 years ago
In 20X5, Elm Corp. bought 10,000 shares of Oil Corp. at a cost of $20,000. On January 15, 20X6, Elm declared a property dividend
xxMikexx [17]

Answer:

c) $25,000

Explanation:

A property dividend should be recorded in retained earnings at the property's  <u>market value at date of declaration.</u>

<u>The date of declaration is the date on which the firm has made the commitment to pay the dividend. The market value on this date is the value that was considered when the board made the decision to distribute a property dividend and thus is the appropriate measure of the sacrifice to the firm. </u>

<u> </u>In application to the scenario, <u>the property dividend will be recorded in retained earnings at the market value at the date of declaration which is Jan 15 </u>NOT on the day it is payable.

Hence, retained earnings will reduce by $25,000

In 20X5, Elm Corp. bought 10,000 shares of Oil Corp. at a cost of $20,000. On January 15, 20X6, Elm declared a property dividend of the Oil stock to shareholders of record on February 1, 20X6, payable on February 15, 20X6. During 20X6, the Oil stock had the following market values:  

January 15

$25,000

February 1

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February 15

24,000

6 0
3 years ago
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the
storchak [24]

Answer: 29.4 gallons

Explanation:

The Safety Stock that should be held by the company to have a Service Level of 99.0% will be:

= Z × σ × ✓LT

Z = 2.326

σ = Standard deviation = 8

LT = Lead time = 2.50

Safety stock = = Z × σ × ✓LT

= 2.326 × 8 × ✓2.50

= 2.326 × 8 × 1.58

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The safety stock is 29.4 gallons.

3 0
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Discuss any four ways in which Specialization has
pishuonlain [190]

Answer:

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1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.

2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.

3. Has helped bring the electrification of the country.

4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.

4 0
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yan [13]
The answer is b $15.......
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