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3 years ago

The five generic types of competitive strategies include

Business

1 answer:

zepelin [54]3 years ago

5 0

Answer:

The correct answer is B) low-cost provider strategies, broad differentiation strategies, best-cost provider strategies.

Explanation:

A competitive advantage allows one company to produce or sell goods more effectively than another company. For that reason, entrepreneurs always try to develop competitive strategies that help them maintain that advantage.

According to researcher researcher Michael E. Porter, there are at least four types of competitive strategies: differentiation, cost leader, low cost approach, and low cost differentiation. Each entrepreneur can use one of these standard strategies or develop his own strategy since flexibility is an important characteristic of competitive strategies, although the reality is that most companies use one of these four generic strategies.

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In their chief role of _________, operations managers exert considerable influence over the degree to which the goals and object

Luden [163]

In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.

<u>Explanation:</u>

Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,

Exploring the decision situation

Determining the value of the decision

Identifying and confirming stakeholders

Considering connected decisions

The steps included in defining success of the decision making are,

Identifying guiding requirements

Considering criteria categories

Screening the criteria

Prioritizing the criteria

The following are the final steps of decision making process,

Planning data gathering

Mapping the issues or concerns that are to relevant decisions

Managing the framing

Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.

4 0

4 years ago

Indicate whether the FIFO or LIFO inventory costing method would normally be selected when inventory costs are rising. Explain w

Pepsi [2]

If prices are rising, prefer LIFO. This is because the goods sold have the highest cost and the lowest taxable income. First in, first out, or FIFO, applies the earliest cost first.

Core paper. The last-in-first-out (LIFO) method assumes that the last unit to arrive in inventory, or the newest unit, will be sold first. The first in, first out (FIFO) method assumes that the oldest SKUs are sold first. FIFO inventory calculation assigns the last acquisition cost to the manufacturing cost.

FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.

Learn more about LIFO at

brainly.com/question/13510592

#SPJ4

3 0

2 years ago

The sourcing strategies including; maintaining safety and/or strategic stocks, developing contingency plans, strengthening relat

Sedbober [7]

Answer:

Bottleneck items.

Explanation:

Bottleneck Items are products that that can only be acquired from one supplier or their delivery is otherwise unreliable and have a relative low impact on the financial results.

5 0

4 years ago

Choose the option that best matches the description given. Direct services include those provided to clients and their. Family ,

boyakko [2]

Answer: