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Jobisdone [24]
3 years ago
8

Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres

sure to lower prices, and the ability to better withstand cost increases from suppliers?
Business
1 answer:
Varvara68 [4.7K]3 years ago
4 0

Answer:

Overall cost leadership.

Explanation:

Cost leadership can be defined as to lowest cost that is available in an industry. A cost leader in an industry has achieved a competitive advantage by being able to give the lowest price compared to other businesses in the market

Even where there is high competition businesses with low cost advantage perform well and have good profit margins.

So to avoid overall cost leadership firms convince rivals not to enter a price war, protection from customer pressure to lower prices, and the ability to better withstand cost increases from suppliers.

You might be interested in
Where is market equilibrium located
Lina20 [59]

Answer:

B. at the intersection of supply and demand

Explanation:

Equilibrium is a market condition where there no excess or shortage in demand and supply. It is when the quantity demanded matches the quantity supplied. At equilibrium, buyers and sellers are happy with the prevailing prices.

In a graph showing the demand and supply curve, the equilibrium point is the intersection of the supply and demand curve.  

8 0
2 years ago
A. What is a benefit of international trade to households?
devlian [24]

Answer:

a. Increased wealth due to lower prices and greater product diversity b. Ability to use productive resources found only in other countries.

Explanation:

A: Benefits of International trade for households, is an increase in wealth as a consequence of the drop in prices of goods that are imported (because these products are produced efficiently abroad), and a potential drop in prices of local goods because productive factors could potentially be more efficiently allocated increasing the productivitiy of such factors. Households also benefit because a higher diversity of products could expand their utility curve by richer consumption alternatives. B: Benefits of international trade for firms is an expansion of the disposable resources available to produce local goods, which could increase the productivity per productive factor by relatively lower prices of resources and higher quantities.

6 0
3 years ago
On July 1, 2021, Tremen Corporation acquired 25% of the shares of Delany Company. Tremen paid $3,090,000 for the investment, and
ankoles [38]

Answer:

The tremen's investment in Delany company is $3,162,500

Explanation:

Tremen's investment in Delany Company account would  be as follows at year ended 31st December 2021

Initial investment value                                $3,090,000

Delany's net income               $1,300,000

Dividends paid(4*$180,000)   ($720,000)

Profits after dividends               $580,000

Tremen's share 25%*$580,000*6/12               $72,500

year end balance of Tremen's investment    $3,162,500

First of all, the total dividends is taken away from net income and a portion of the net income after dividend payment is added to Tremen's investment which reflects its percentage shareholding and the duration of investment of six months

8 0
3 years ago
Venus Corp. is a company that sells collectible plates. If you order one plate from the company, you will receive multiple maili
KatRina [158]

Direct marketing element is used in this case.

<u>Explanation:</u>

Direct marketing in one of promotional methods of marketing that not only involves the description of product and company but also targets the customers. Through this method, the products are sold directly to public and there is no involvement of any middleman. An offer is communicated to a pre-slected customer and is told about the product information and its features.

Thus, in the given case, the promotional method that is being used in direct marketing method.

7 0
3 years ago
The records of Gemini Company show a contribution margin ratio of 40%. The company desires to earn a profit of $40,000 and has f
seraphim [82]

Answer:

$300,000

Explanation:

Given that,

Contribution margin ratio = 40%

Company desires to earn a profit = $40,000

Fixed costs = $80,000

Required sales revenue:

= (Fixed cost + Desired profit) ÷ Contribution margin ratio

= ($80,000 + $40,000) ÷ 0.40

= $120,000 ÷ 0.40

= $300,000

Therefore, the sales revenue of $300,000 would have to be generated in order to earn the desired profit.

7 0
4 years ago
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