Hi! The answer would be “Horizontal integration”
Answer: Problem Recognition
Explanation:
There are several stages a customer has to go through before he finally makes the decision to purchase a product. The first of these stages is the problem recognition stage.
Problem Recognition entails that the consumer identifies a void that should be filled. There is an abnormality which results in discomfort and must be corrected.
This is what happens in the case of Jerome who has dirty dishes. Not having his favorite dish washing liquid, is a problem which he identifies. This informs his decision to go to the corner store and purchase a new one.
Answer:
Please find the detailed answer as follows:
Explanation:
After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows:
- Increase demand through TQM initiatives
.
- Offer attractive credit terms
.
- Seek excellent product designs, high awareness, and high accessibility
.
- Seek high plant utilization, even if it risks occasional small stockouts
.
- Reduce cost of goods through TQM initiative.
Related concepts to understand the problem.
Competitive advantage. A competitive advantage is an improvement over competitors gained by contribuiting consumers greater value.
The budget constraint of Antoni based on the information is <u>25f + 50e = 200</u>
The budget constraint simply means a boundary of the opportunity cost. It represents all the combinations of goods that a person will buy at a price based on the income that the person has.
Based on the information given,
<em>Income = $200</em>
<em>Cost of food platters = $25 each </em>
<em>Cost of entertainment = $50 per hour</em>
Therefore, the budget constraint based on the above will be 25f + 50e = 200 where<em> f = food platters and e = entertainment.</em>
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