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omeli [17]
4 years ago
10

A bank provides its customers mobile applications that significantly simplify traditional banking activities. For example, a cus

tomer can use a smartphone to take a picture of a check and electronically deposit into an account. This unique service demonstrates the bankâ s desire to practice which one of Porterâ s strategies?
Business
1 answer:
zaharov [31]4 years ago
4 0

Answer: Differentiation strategy

Explanation:

Differentiation strategy is a strategy that differentiate a product or service, from other identical products that are offered by competitors in the market. Differentiation is development of a good or service, which is unique for customers, in terms of features, product design, quality, brand image, or customer service.

Differentiation strategy is one of the three Porter’s Generic Strategy. In this strategy, firms pick one or more dimensions that are considered to be vital by the consumers thereby creating a unique image in the market.

The use of mobile banking application will ease the traditional method of banking and makes the bank standout.

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Which of the following is the most important factor in successful new-product introduction? Group of answer choices ​The new pro
exis [7]

Answer:

The correct answer is letter "B": The new product should deliver a meaningful and perceivable benefit to a sizable number of people.

Explanation:

A new product is a good or service that is going to be introduced to the market to satisfy the need for a specific sector. <em>For the new product to be successful, the need that it satisfies should represent a benefit for the target audience great enough to make them pay for it</em>. Besides, the new good or service must bring a differential feature to consider it more attractive compared to competitors or similar products that might already exist.

6 0
3 years ago
Read 2 more answers
Although the perpetual inventory system updates accounting records after each sale, a physical count is necessary at year-end to
vivado [14]

Answer:

customer theft; spoilage.

Explanation:

A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, customer theft, etc.

4 0
3 years ago
If we want to use a measure of inflation that foreshadows price changes before they affect prices at the retail level, we would
Elza [17]

Answer: Producer price index

Explanation:

The producer price index is used to know the average differences in prices that are received by local producers for their output.

To calculate the producer price index, the current prices gotten by the sellers of a good or service is divided by the prices of the good or service using a base year and multiplying the result by 100. The producer price index is also a measure of inflation in an economy.

4 0
4 years ago
You have been appointed to lead an existing group. Your boss, who informed you of the assignment, made these comments: "These pe
Aneli [31]

Answer:

This is a group that can be defined by its <u> high cohesiviness and low performance norms.</u>

Explanation:

In this case, the new leader must focus on solving this problem that already exists where team members have high cohesion, but who have a low performance with regard to compliance with internal rules and procedures.

The ideal in this case would be for the leader to review the set of company policies and standards and seek to establish new rules and procedures for living and working together.

Having a cohesive team is not a weakness for an organization, the ideal is to know how to exploit the potential of each member of that team, so that each one delivers to the company an effective job that contributes to the achievement of the objectives and organizational goals.

The manager can also invest in training, redesigning the layout of work and tasks, setting deadlines for completing activities, delivering warnings to ward off inappropriate behavior during working hours, etc.

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4 years ago
Using a 5% annual compound interest rate, what investment today is needed in order to withdraw $5,000 annually:
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