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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.

You might be interested in
System testing:
yarga [219]

Answer:

C) tests the functioning of the system as a whole.

Explanation:

System testing refers to a process in which a complete system is evaluated to make sure that it works properly and fulfills the requirements. According to this, the answer is that system testing tests the functioning of the system as a whole.

The other options are not right because system testing doesn't separate components or programs as it involves the actual evaluation of the whole system to find defects and it is done before the acceptance testing.

3 0
3 years ago
what kinds of techniques have people employed to increase agricultural practices? how did norman borlaug help inaugurate the gre
kolbaska11 [484]

Answer:

no b

Explanation:

beacuse i did the test

5 0
3 years ago
Would you expect a brick-and-mortar retailer or an online retailer to have a higher asset turnover? Why or why not? Which supply
Serggg [28]

Answer:

An online retailer would on a balance of probability have a higher asset turnover than a brick-and-mortar retailer.

Explanation:

 

The reason is not farfetched. If done properly, an online retailer is most likely to succeed at reaching more customers and penetrating more markets.

The total population of active internet users is currently estimated at 4.5 Billion. For truly global products or retail outlets such as Amazon and Alibaba, this figure is staggering. It is impossible to compare a truly successful online retailer to a brick-and-mortar retailer whose market, at its best, covers only those within its locality.

So using online retail store such as Amazon as an example, they might have significant investment in online platforms, dedicated servers and warehouses, their turnover which as at 2019 stood at 4.5x is relatively strong.

The supply chain drivers which impact asset turnover are inventory, accounts receivables and facilities.

Cheers!

5 0
3 years ago
J&J Corporation's year-end 2018 balance sheet lists current assets of $250,000, fixed assets of $800,000, current liabilitie
Ierofanga [76]

Answer:

The answer is B. $555,000

Explanation:

Please note that the student meant $300,000 for non-current liability and not $350,000

Stockholder's equity = total asset - total Liability

Total asset = current asset + fixed asset

= $250,000 + $800,000

= $1,050,000

Total liability = current Liability + non-current liabilities

= $195,000 + $300,000

= $495,000

Therefore, shareholder's equity is

$1,050,000 - $495,000

$555,000

7 0
4 years ago
Jane recently was diagnosed with stage ii skin cancer. the treatment for her particular diagnosis should last no longer than a m
never [62]

F M L A which is the Family & Medical Leave Act provides certain employees with up to 12 weeks of unpaid leave for things like birth or adoption of a child, caring for a sick relative, or undergoing cancer treatment.

7 0
3 years ago
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