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Inessa05 [86]
3 years ago
14

Select the four common tools managers use to analyze competitive intelligence and develop competitive advantages. a. The three g

eneric strategies b. Value chain analysis c. Customer loyalty analysis d. Competitive chain strategies e. SWOT Analysis f. Porter's Vision Strategy g. The Five Forces Model
Business
2 answers:
ICE Princess25 [194]3 years ago
4 0

Answer:

a. The three generic strategies

b. Value chain analysis

e. SWOT Analysis

g. The Five Forces Model

Explanation:

The four tools commonly used by managers to develop competitive advantage are; The <u>three generic strategies, value chain analysis, SWOT Analysis and The Five Forces Model.</u>

  • The three generic strategies are used to determine if the organization intends to compete from a position of <u>cost leadership</u> (offering low cost products), <u>product differentiation (</u>offering unique, high quality products<u>)</u> or <u>choosing a specific niche</u> to serve.
  • When managers use the SWOT analysis, they <u>analyse the strengths and weaknesses of their organization as well as those of competitors, and also look out for opportunities to improve, and threats to be avoided.</u>
  • Managers use the Value chain analysis, to <u>determine how to reduce cost, improve profitability and increase value for customers</u>, by monitoring the various processes involved, in production and delivery of goods, as well as after sale customer service.
  • Porter's five forces model is used by managers to <u>determine the extent and strength of competition</u> in an industry and what industry to enter or avoid. It also provides information on the bargaining power of buyers and suppliers in the market and the threat of substitute products to the organization's products.
LiRa [457]3 years ago
3 0

Answer:

The four common tools managers use to analyze competitive intelligence and develop competitive advantages are:

a. The three generic strategies

b. Value chain analysis

e. SWOT Analysis

g. The Five Forces Model

Explanation:

The four common tools managers use to analyze competitive intelligence and develop competitive advantages are:

a. The three generic strategies: The generic strategies according to Porter are:

- Cost leadership: This is when the firm chooses to fight the competition by producing at a lower cost

- Differentiation: This is when the firm chooses to combat the competition by producing unique products of higher quality.

- Focus - This is when the firm is focusing on one or a few segments (rather than all) to compete either by cost reduction (cost focus) or by providing unique products (differentiation focus).

b. Value Chain Analysis: This is a strategic attempt to gain competitive advantage via analysis of internal firm activities in the bid to recognize the 'most valuable activities' in respect to which generic strategy it is pursuing (i.e. which activities are the source(s) of cost or differentiation advantage)

e. SWOT Analysis: This strategic tool for competitive analysis looks at both internal (within the company) and external factors (The business environment). The S stands for strength, which looks at the internal operational strengths of the company in comparison to its competitors. W stands for weakness, which looks at the operational lapses of the company. O stands for opportunities in the external business environment; and T stands for Threats which looks at the external factors that will affect the company.

g. The Five Forces Model: This is a strategic model that is used for the identification and analysis of the structure, strength and weaknesses of an industry.

Porter's five forces includes the following:

1. Competition in the industry

2. Potential of new entrants into the industry

3. Power of suppliers

4. Power of customers  

5. Threat of substitute products

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jenyasd209 [6]

Answer: B) The supply of goods like clothes will decrease.

Explanation:

All else being equal, the local retail market for clothes will see a reduction in supply for clothes. This is simply as a result of less shops offering clothes than before because some have closed down as they couldn't keep up with online retail stores.

For example, the entire supply of Jeans for the town of Jeanophia were from 5 stores with each selling 5 jeans. 3 stores have closed down due to competition from jeanyjeans.com and now only 2 stores are open which has reduced the supply from 25 jeans to 10 jeans.

8 0
3 years ago
Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 6
Nataly_w [17]

Answer:

$152,000

Explanation:

Calculation for the cost of the ending inventory

First step is to calculate the cost-to-retail percentage of the beginning inventory amount

Using this formula

Beginning Inventory =Cost-to-retail percentage*Beginning inventory at retail

Let plug in the formula

Beginning Inventory =60%*$200,000

Beginning Inventory =$120,000

Second step is to calculate current-period purchases percentage of the new layer amount

Using this formula

Current period purchases= Purchases percentage* New layer

Let plug in the formula

Current period purchases=64%*50,000

Current period purchases=$32,000

The last step is to find the cost of the ending inventory using this formula

Ending inventory cost=Beginning Inventory+Current period purchases

Let plug in the formula

Ending inventory cost=$120,000+$32,000

Ending inventory cost=$152,000

Therefore the cost of the ending inventory will be $152,000

4 0
3 years ago
There are two parties in any lease contract—the lessee and the lessor. To a lessor, a lease analysis involves a capital budgetin
inn [45]

Answer:

a, b

Explanation:

It is important to note that a lessor's goal is to make a profit, thus he would be more concerned about knowing what is the value realized after subtracting the lease payments from his income taxes and any maintenance expenses that must be incurred as per the lease agreement.

In order to be cost efficient, he might as well determine the net cash outlay of the lease agreement.

4 0
3 years ago
Which is most true of an annual rate of 4% compounded quarterly? A) It is equivalent to 4.4% paid annually. B) It is equivalent
Artemon [7]

Answer:

D) It is equivalent to 4.06% paid annually

Explanation:

Since it is not talking about annuity and simple compound interest, therefore assuming investment value = $100 then interest will be as follows:

Interest for each quarter = \frac{4}{100} \times \frac{3}{12} = 1%

But this 1% will be paid on the compounded value

Interest at end of Quarter 1 = $100 X 1% = $1

Compounded value at end of Quarter 1 = $100 + $1 = $101

Interest at end of Quarter 2 = $101 X 1% = $1.01

Compounded value at end of Quarter 2 = $101 + $1.01 = $102.01

Interest at end of Quarter 3 = $102.01 X 1% = $1.0201

Compounded value at end of Quarter 3 = $102.01 + $1.0201 = $103.0301

Interest at end of Quarter 4 = $103.0301 X 1% = $1.030301

Compounded value at end of Quarter 4 = $103.0301 + $1.030301 = $104.060401

Now net return annually = $4.060401/$100 = 4.06%

Final Answer

D) It is equivalent to 4.06% paid annually

6 0
3 years ago
Owen decides to sell his ranch, Pine Ridge, in a live auction. When the auctioneer puts the property up for bids, it will be a.
lianna [129]

Answer:

a. an invitation to submit offers, not an offer itself.

Explanation:

When a property is to be sold at an auction it involves an invitation for interested buyers to submit offers to the seller. The seller will now consider the offers and see the best one for him.

There is usually no price stated for the auction and seller goes for the highest bid.

If however if the seller says that there is no reserve price or that the reserve price was met, it can now be considered an offer in itself.

In this case Owen is offering the property at a live auction and does not state requirements for a reserve price

6 0
3 years ago
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