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3 years ago

11

Burberry's competitive advantage is through its differentiation strategy. What risk should Burberry remain aware of?

1 answer:

Mumz [18]3 years ago

5 0

Answer:

c.Burberry may run out of creative ideas to remain differentiated.

Explanation:

After considering the Burberry story, which business-level strategy is the company attempting to pursue?

a. Focused Differentiation

b. Focused Low Cost

c. Broad Low Cost

d. Integrated Differentiation and Low Cost

Burberry's competitive advantage is through its differentiation strategy. What risk should Burberry remain aware of?

a. Customers might decide that the price differential between the differentiator's product and the cost leader's product is too large.

b. Customers may decide that it is "too different".

c. Burberry may run out of creative ideas to remain differentiated.

d. There are no risks to differentiation strategies.

In addition to the new designer, Burberry also stepped up its involvement in social media, relationships with style magazines and connecting with high-profile trendsetters. This is an example of which concept?

a. Streamlining processes to take out unnecessary steps

b. Customization of the product offering to reach different market segments

c. Reaching efforts focused on building relationships and adding customers

d. Increasing customer retention and reducing customer churn

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morpeh [17]

Dividing customers into different categories and offering different prices based on customer segments is the pricing strategy known as Price discrimination.

Demographic, psychographic, behavioral, and geographic segmentation are considered to be the four main types of market segmentation, but there are many other strategies that can be used, including different variations of the four main types. there is. Below are some methods you might want to consider further.

Customer segmentation is the process of dividing customers into groups based on common characteristics so that companies can effectively and appropriately market to each group. B2B marketing allows companies to segment their customers based on many factors, including industry.

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1 year ago

Fill in the missing letter. ar_ _er

balu736 [363]

Archer

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4 0

3 years ago

Read 2 more answers

A tour group split into two groups when waiting in line for food at a fast food counter. The first group bought 8 slices of pizz

creativ13 [48]

Answer:

The cost of an slice of pizza is $3.94

Explanation:

Hi, we have to construct 2 equations with the information of the problem, the first one is " 8 slices of pizza and 7 soft drinks for $45.10".

$8P+7D=45.10$

And the second one, when "The second group bought 6 slices of pizza and 5 soft drinks for $33.34" is.

$6P+5D=33.34$

Where: P = pizza slices and D= soft drinks

We need to substract one equation from the other, but firs we need to equal one of the variables. In order to do so, we multiply our first equation by 5 and the second one for 7, therefore we get.

First equation

$40P+35D=225.5$

And the second one:

$42P+35D=233.38$

And now, we substract them and solve.

$40P+35D-(42P+35D)=225.5-233.38$

$40P-42P+35D-35D=-7.88$

$-2P=-7.88$

$P=\frac{-7.88}{-2} =3.94$

The cost of a slide of pizza is $3.94

In case you needed to find the cost of the soft drink, we just substitute P for 3.94 in any of the initial equations, that is:

$8(3.94)+7D=45.1$

$7D=13.58$

$D=1.94$

The cost of a soft drink is $1.94

Best of luck.

7 0

3 years ago

Muy Bueno Bakery Company sells three different products. Currently they are not able to meet all of their customers' demand. Usi

cestrela7 [59]

Answer:

c. Pie

Explanation:

In order to determine which product is the most profitable, we must calculate the contribution margin per hour:

Cake Pie Cookies

contribution margin $18 $11 $3

production time 3 1 .30

contribution margin p/hour $6 $11 $10

Pie is the most profitable product, followed by cookies, and cakes are the less profitable products.

4 0

3 years ago

A manufacturing firm has an annual demand of 300,000 units. Using its current operation, the firm pays $800,000 in annual fixed

Elodia [21]

Answer:

It is cheaper to make the units in-house by $300,000.-

Explanation:

<u>First, we need to calculate the total avoidable production costs of making 300,000 units:</u>

Total variable cost= 300,000*15= $4,500,000

Total avoidable fixed cost= 800,000 - 200,000= $600,000

Total production cost= $5,100,000

<u>Now, the total differential cost of buying:</u>

<u></u>

Cost of buying= 300,000*18= $5,400,000

It is cheaper to make the units in-house.

5 0

3 years ago