The two pivotal factors that distinguish one competitive strategy from another boil down to Multiple Choice is explained in the following way
Explanation:
- The generic types of competitive strategies include: low-cost provider, broad differentiation, best-cost provider, focused low-cost, and focused differentiation strategies. Which of the following generic types of competitive strategies is typically the "best" strategy for a company to employ?
- What sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is: their concentrated attention on serving the needs of buyers in a narrow piece of the overall market. ... meaningfully lower overall costs than rivals on comparable products.
- 1- By using its lower-cost edge to underprice competitors and attract price-sensitive buyers in great numbers to increase total profits.
- When a Low-Cost Provider Strategy Works Best
- Most buyers use the product in the same ways. Buyers incur low costs in switching among sellers. Large buyers have the power to bargain down prices. New entrants can use introductory low prices to attract buyers and build a customer base.
Kinked demand
I hope that helped
A, Sam wants to wear jeans to work because he finds dress pants uncomfortable.
Assuming this is in the United States, Lila would have the religious freedom to wear her headscarf. Jimmy's foot is injured, and therefore his foot needs special attention and care. Also, Jimmy will stop wearing sneakers to work after his foot recovers. In Felicia's proposal, all employees will be wearing casual clothes on Fridays, not just one specific person. Sam wants to wear jeans just because he finds them uncomfortable. He's not injured, protected by religious freedom, or affecting all the employees. It's just an exception for him. Therefore, the answer is A.
Answer: (i), (iii) and (iv)
Explanation:
PPCo is able to provide the entire needs of the county and and has been in operations for a few years gaining loyal customers and controlling the market. Any company that will want to come in will have to fight them for market dominance and as such will have a smaller market share than PPCo.
As PPCo is meet the demands of everyone in the county, they are most likely experiencing Economies of Scale. This means that they are making more revenue thereby driving total cost down as the fixed costs remain the same but Revenue climbs. This classifies them as a Natural Monopoly because Natural Monopolies experience Economies of Scale and declining average total costs.
