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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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3 years ago
Which of the following statements are true about organizational culture? Check all that applya. Employees may be unaware of the
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Answer:

statements "a" "b" and "d" are true

Explanation:

The <u>statements "a" "b" and "d" are true</u> because employees may be uninformed of the underlying hypotheses that supervise an organization's culture. Culture can generate ambitious resources for a company. The actions managers exert can improve a company's culture. Organizational culture encompasses values and practices that provide the different social furthermore psychological situation of a company. The organizational culture changes the way people communicate, the circumstances within which culture is created, the revolution they will have towards specific changes, and presently the way they participate.

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Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a
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Solution:

Instructions Journalize the April transactions:

Date                           Account Titles and Explanation

4/30                              Work in Process—Cooking

                                     Work in Process—Canning

                                                     Raw Materials Inventory

4/30                              Work in Process—Cooking

                                     Work in Process—Canning

                                                              Factory Labor

4/30                             Work in Process—Cooking

                                   Work in Process—Canning

                                                  Manufacturing Overhead

4/30                             Work in Process—Canning

                                    Work in Process—Cooking

Cooking and out the debits

Debit                               Credit          

22,800

10,900                             33,700      

9,400

7,230                              16,630

33,800

28,100                            61,900

55,900                          

                                      55,900

6 0
3 years ago
you have 20 cookies with the ratio is 2 chocolate chip for every 3 sugar. how many cans will be in each group?
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8 choc chip and 12 sugar
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3 years ago
Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 bil
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Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 billion USD to acquire Coca-Cola Enterprises, its largest bottling partner, it reversed course in 2015 and sold off all its bottling operations. This is an example of a <u>failed diversification effort</u>.

<u>Explanation</u>:

Diversification efforts are taken by the organizations to achieve desired outcomes but sometimes they fail in it. The following are the reason for failure of diversification effort:

- failing to integrate acquisitions

- unable to understand how the acquired organization’s assets would fit with their own lines of business

- paying high premium for the target's common stock

- not acting in best interest of shareholders

The diversification strategy is adopted by many organizations to develop its business. In the above scenario, Coca-Cola Enterprises adopted diversification effort but failed in it.

8 0
3 years ago
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