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BlackZzzverrR [31]
3 years ago
10

eff, the owner of The Toy Box (a toy store), has chosen his products carefully. They are all handmade of wood; none are cheap ga

mes made of cardboard and paper. He knows he will be selling his toys to both adults and children; for example, his expensive chess and backgammon sets are quite expensive because the board and pieces are all made of wood by local artists and craftsmen. He knows that his customer base will not include parents who are looking for an inexpensive toy for their children or to give as a birthday gift; there is another store in town that offers mass-produced games. As part of his marketing outreach, Jeff offers "game nights" where he sets up game boards and invites local teens and adults to take part in light-hearted competitions, where the winners receive a 10 percent discount to a game at the Toy Box. All of Jeff’s activities are aimed at giving Jeff a sustainable competitive advantage through ______.'
Business
1 answer:
Ivan3 years ago
4 0

Available options are:

a) defensive strategy.

b) blue ocean strategy.

c) diversified portfolio.

d) vertical integration.

e) strategic positioning.

Answer:

Option E Strategic Positioning

Explanation:

Though it seems that the company has investment in a specific niche market segment but this doesn't mean that the blue ocean strategy is followed by the company because it is not given that the competitors can whether or not manufacture such products based on their capabilities.

Furthermore, the investment is in the same industry so the investment is not diversified investment.

It is also worth noting that the company has no ambition of moving to acquire the capabilities of customers or suppliers so it is not part of vertical integration.

The company has not opted to defensive strategy otherwise it would had tried to increase its marketing budget and save costs on manufacturing and other operations.

The strategic positioning follows three principles. The first principle is that the company tries to increase the value for the shareholders by positioning the business in a specific segment which the The Toy Box Inc did by manufacturing products from expensive to low priced products. The second principle is trading-off the competition gains and losses which Toy Box Inc tried to do by offering inexpensive products as well. The third principle is finding the fit among operations of the business which Toy Box Inc did successfully by integrating marketing department with other departments. The result of integration was that the company increased its sales by offering 10% discounts on its products.

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Why is questioning such an important leadership skill?
irakobra [83]

Answer:

D. Questioning is a good way for the leader to stay in command.

Explanation:

It is known in new management jobs to panic because some would say or be open enough to feel apprehension or at worse to feel perceived as a fraud as skills are not advanced in new management jobs to full fill the criteria for a specialist role. When questioning, the process of learning by asking questions and listening. The more a manager listened, the better his or her questions became and the more they had learned. Questions also helped managers clarify their own thinking on projects, workflow, and strategies for their new unit.

How well do you ask questions? From some managers experience, most managers and leaders don't think about this issue very often. The "ability to ask questions" doesn't usually show up on any list of managerial competencies or job description requirements. However, asking questions effectively is a major component of any manager or leader's job, and asking good questions often distinguishes outstanding leaders and managers from average ones (or worse, poor ones).

7 0
3 years ago
_______ is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a
hjlf

Answer:

Insurable interest

Explanation:

The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable,  and protected against any harmful acts done intentionally

Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest

Hence, the first option is correct

5 0
3 years ago
Paul and Karen Kent are married, and both are employed (Paul earned $44,000 and Karen earned $9,000 this year). Paul and Karen h
VashaNatasha [74]

Answer:

$760

Explanation:

The tax credit for child and dependent care expenses allows working taxpayers to discount up to 35% of care expenses. The exact percentage that you are allowed to deduct depends on your income:

  • if you earn up to $15,000, you can discount 35% of dependent care expenses of up to $3,000 per child.
  • the percentage decreases for every $2,000 of income (1% decrease per every $2,000), until your income reaches $43,000 where it remains at 20%.

The Kent's earned $53,000 during the year, so they can claim up to 20% of their children's care expenses = $3,800 x 20% = $760

8 0
3 years ago
Raleigh Co. has the following products in its ending inventory. Compute the lower of cost or market total for inventory applied
Rom4ik [11]

Answer:

C. $2,018.00.

Explanation:

The computation of the lower cost or market value is shown below:

For Jelly

= 150 units × $2 per unit

= $300

For Jam

= 370 units  $2.50

= $925

And, for Marmalade

= 260 units × $3.05

= $793

So, the total inventory is

= $300 + $925 + $793

= $2,018

It is come by multiplying the quantity of each one by its lower cost or market value per unit

6 0
3 years ago
Why are entrepreneurs considered both spark plugs and catalysts of the free enterprise economy?
Tanya [424]
<span>Entrepreneurs are considered to be both spark plugs and catalysts of the free enterprise economy because of a number of reasons. Everybody benefits and profits when an entrepreneur becomes successful. When an entrepreneur opens his or her search for profits, the effects would be a chain of events where new products, greater competition, more production, higher quality, and lower prices for consumers can be observed. An entrepreneur is said to be a spark plug in the free-market for there is that vision of providing a product or a service that people are willing to pay for, combined with the ability to produce that product or service at a cost below the market sales price which propels him/her to take action. Capitalism will not work if it were not for the entrepreneurs who take the risks and start the businesses that produce the goods and services we all enjoy.</span>
3 0
3 years ago
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