Oscars opportunity cost for buying the business is 50,000
In porter's generic competitive strategies, <u>focus strategy </u>and <u>overall cost</u> <u>leadership </u>strategy combines a focus on a total market scope and a competitive cost advantage respectively.
<h3>What is focus strategy?</h3>
A focus strategy is a competitive tactic used to target marketing and sales at a certain market niche. Utilizing underserved or untapped markets is the goal of this technique.
While many rivals want to reach as many clients as possible with their sales, a focus approach chooses one or more certain categories. It gains an advantage by providing that sector with either high quality or low cost. These actions may improve client loyalty.
There are primarily two categories of focus strategies. One aspires to outperform the competition by cost leaders, while the other wants to succeed by differentiation itself.
Learn more about Focus strategy
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<span>Given that this is the hotels low season, and this would be a definite increase in income that the hotel would not normally get, the hotel manager should accept. 45 suites at $100/ night for 3 nights is a nice $13,500. That would be a nice profit in their low season.</span>
Answer:
11400
the investment should be made because NPV is positive
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV =( Net annual cash flows x present value factor) - cost
(37300 x 5,02 ) - $175,846 = 11400
Answer:
1.2
Explanation:
The formula to compute the standard error of the mean is shown below:
Standard error formula equals to
= 1.2
It shows the relationship between the standard deviation and the population size. The population mean is ignored while computing the standard error
