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Zarrin [17]
3 years ago
7

Brandy and Teri are competitors in the bakery business in a small wealthy upscale resort town. Brandy recently negotiated a cont

ract with a supplier for really cheap cooking oil. She knows that this may increase his profits by offering cheaper products. In this competitive environment, keeping the price down is all that matters.
a. True.
b. False.
Business
1 answer:
Flauer [41]3 years ago
4 0

Answer:

b. False

Explanation:

In a competitive environment, pricing strategy is one of the strategies to ensure efficiency and profitability. But lowering of prices at the expense of deterioration in the quality of product offerings cannot be a recommended strategy.

The four competitive strategies specified by Michael Porter are namely, Cost Leadership, Differentiation, Cost Focus and Differentiation focus.

Under Cost leadership, a firm strives to offer it's products at the lowest cost and be the cost leader in an industry.

Differentiation refers to adding unique attributes and values to the products which differentiates such products from those of the competitors.

Cost focus refers to cost leadership when targeted at a particular marketing segment and similarly, differentiation focus is differentiation when applied to a specific marketing segment.

A firm cannot focus at price at the expense of quality of it's offerings. Thus, keeping prices down isn't all which matters.

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chen is looking for information for a speech about starting your own business. what is the best example of a periodical chen mig
Nataly [62]

The best example of a periodical Chen might use as research is the act small sba.gov. Thus option B is correct.

<h3>What is Research?</h3>

Research refers to deep investigations of the data and information available to provide credentials with facts and figures to provide results that will utilize for the new research.

In the given case, it is explained that Chen is looking for information for a speech about starting his own business. The information which is considered reliable is taken from a portal that is authentic is government portal.

A government portal provides accurate facts and information and helps an individual to understand trends in entrepreneurship.

Therefore, option B is appropriate.

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3 0
10 months ago
Read 2 more answers
Project management is no longer considered a special-need management tool; thus, learning project management skills is personall
svlad2 [7]

Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.

<h3>What type of skills are transferable?</h3>

Transferable skills are known to be called  portable skills

These are known to be skills that a person often  take with them from one job to another. An example is a person's ability to clearly talk about ideas to others, solve unexpected issues, etc.

Therefore, Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.

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8 0
2 years ago
When merchandise sold is assumed to be in the order in which the purchases were made, the company is using a.last-in, first-out
klasskru [66]

Answer:

The correct answer is letter "D": first-in, first-out.

Explanation:

A business using the first-in, first-out (FIFO) inventory valuation approach must sell, use or dispose first of all the products it produced or acquired. According to the FIFO process, the most recent assets purchased or generated are those that remain in inventory. Older stock is first removed from inventory.

6 0
2 years ago
The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th
hichkok12 [17]

Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.

<h3>How do you explain the word compounding?</h3>

Compounding is known to be the method used when an interest is credited to a specific existing principal amount  and also to interest already paid.

It is the act of letting go of one's money and other compiled interest in an investment for a long time.

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5 0
1 year ago
You have planned purchases of $2,500. you have received orders that total $1,200, and you have ordered merchandise that totals $
laiz [17]
How to calculate Open-to-buy:
Open-to-buy = planned purchases - (orders received + merchandise ordered)

Planned purchases = $2,500
Received orders = $1,200
Ordered merchandise = $700

Open-to-buy = $2,500 - ($1,200 + $700)
Open-to-buy = $2,500 - $1,900
Open-to-buy = $600
3 0
3 years ago
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