In order to implement a cost-leadership strategy effectively, a <span>functional and mechanistic</span> structure is preferred in a firm. The cost leadership strategy in business was developed by Michael Porter regarding competitive advantage. The ultimate goal is to achieve the lowest cost of manufacturing and operating your product within the industry.
Answer:
Credence Attributes
Explanation:
A credence good or service is a type of good/service with qualities that cannot be observed by the consumer after purchase, making it difficult to assess its level of satisfaction. Examples include expert services such as Tax advisory services, medical procedures, automobile repairs, and dietary supplements.
Because the quality of these products or service are unobservant through search or experience some providers tend to charge consumers at a premium for their provision.
Answer:Flexible
Explanation:
According to the question, clothing store tracks the sale at each location so, they are taking a very large base of consumers and they are considering each consumer that is why the quality information is flexible.
Demands of each consumer may vary such that one wants cotton fabric, another wants polyester so this makes the information more flexible as it may vary largely.
Answer:
- Financial institutions, such as investment banks, provide expertise in the acquisition of funds.
- The investment banking institution will allow the Gaga Enterprises CFO to raise more money at a lower cost per dollar raised
Explanation:
In the given scenario we want to compare help in raising capital using a financial institution versus raising it directly in the financial markets.
When raising capital using financial markets it is more expensive because the company will need to give out ownership rights in the company when they sell shares.
However when financial institutions provide the capital, there is a lower cost per dollar raised compared to sale of shares.
Also financial institutions act as financial advisors to their clients. So they will provide expertise in the acquisition of funds.
Answer:
a.
Explanation:
Based on the scenario being described within the question it can be said that the least accurate of all of these statements would be " Because of technology, the number of persuasive messages has decreased." This is completely false because technology has not decreased the flow of information but instead drastically increased in, and this includes persuasive messages as well.
