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pashok25 [27]
3 years ago
15

An example of a firm applying the overall cost leadership generic strategy in a value-chain activity would be to automate the pr

oduction assembly line to reduce scrappage from quality errors.1. True2. False
Business
1 answer:
oee [108]3 years ago
6 0

Answer:

1. True

Explanation:

As one of Porter's generic strategies, the Cost Leadership strategy aims to place a firm high above when relating to cost, that is, being a leader in your market or industry.

There are two ways to achieve this:

  1. charge industry average price to increase profits by lowering prices
  2. charging lower prices to increase market share.

Therefore, automating the production assembly line will reduce quality errors and increase the profits made.

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which will typically decrease with large number of units produced, fixed costs, total variable costs, fixed cost per unit, varab
Nady [450]

Answer:

fixed cost per unit,

Explanation:

Fixed cost is cost that does not vary with output. It remains constant regardless of the units of output produced. An example of fixed cost is rent.

fixed cost per unit = fixed cost / output

Let us assume that rent (fixed cost) is $500. When output is 1 unit,  fixed cost per unit = $500 / 1 = $500

when output is 2 units,  fixed cost per unit = $500 / 2 = $250

when output is 10 units ,  fixed cost per unit = $500 / 10 = $50

4 0
3 years ago
A national restaurant chain encourages its customers to use its website as a means of providing comments about their experiences
lara31 [8.8K]

Answer:

The correct answer is (D)

Explanation:

The restaurant is using a micro-marketing technique which is an efficient and effective tool to measure marketing campaign. Micro-marketing method is used by the restaurant to help them understand the assessment of the customers and to make necessary changes. Micro-marketing technique is used to target a small group of customers. In this case, the restaurant is targeting customers who use the restaurant website.

7 0
3 years ago
Saving some private time for yourself and learning to pigeon hole problems are two examples of
Bingel [31]
<span>These two examples relieving stress from work.  We all need some space especially after a hard day at the office.  The time we take for ourselves help us relieve ourselves of stress or any other thing that would cause us anxiety.  Sorting and categorizing problems help us prioritize what to do first so as to stay for focus on doing our jobs.</span>
7 0
2 years ago
Read 2 more answers
A feature of monopoly that leads to unfavorable consequences is that it:
sammy [17]
Generally, prices are inflated when there are fewer choices.  
6 0
3 years ago
The 1924 name change from The Computing, Tabulating, and Recording Company to International Business Machines was done in part t
Dmitry [639]

Answer: d. Business

Explanation: International Business Machine is a multinational IT consulting corporation. The name change to IBM was to signal an expanded business offering and services of the organization.

5 0
3 years ago
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