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cricket20 [7]
3 years ago
9

State, in brief, with reasoning, whether following statement is correct/incorrect: “One cannot be everything to everyone, but ca

n be everything to a selected few”.
Business
1 answer:
Olenka [21]3 years ago
8 0

Answer:

Yes the statement is correct.

Explanation:

The statement is given by Matt Cheuvrant. In business the statement is absolutely correct that you can not satisfy the need of all the customers. A business cannot offer a product at less than its cost if a customer cannot afford it. Also an organization cannot start manufacturing a product because one customer demands it. If the company decides to satisfy all his customers by offering a large variety of products it may result in establishing in-house competition resulting in declining profits from both the products. If the company tries to give everything to every one this enhances its risk of failure resulting nothing in its own hands.

Businesses should focus on a single product and try to create a niche market. The product should be unique and its features should be extensively different from the other competitive products available in the market. This creates heavy switching cost to customers which ensures the business that customers will retain loyal to it. You can everything for few customers. They will not want to leave you because of your product specific features that are not available in the market.

You might be interested in
Which economies systems have least in common?
Effectus [21]

Answer:

command economy and capitalism

Explanation:

A command economy is a situation where the government determines what goods and services are produced in a state. The government formulate its production policies to achieve his goals and objective. The major advantage of a command economy is that is reduces the level of inequality in a state, as against the profit motive in capitalism. Examples of a command economy country is North Korea and Cuba

Capitalism is an economic state where private individuals own and controls factors of production to for profit motive. Private investors are given power by government to control labour, capital and land in the production process with little or no involvement by government. Examples of countries practicing capitalism includes USA, Chile, canada, etc.

6 0
3 years ago
A change in company policy now means that employees have to gather a lot more information from a customer before dealing with a
Natalka [10]

Answer:

Option A Apologize for any trouble and explain the change to each customer.

Explanation:

The reason is that it is ethicaly correct because the change in policy is not minor, neither involves unethical practice of leg pulling of seniors nor agreeing all the complaints of the customer because he might be totally wrong. The sales person will have to explain the customer what actually the changes are in the policies and why it has adopted it. For the inconvenience caused to the customers, the company must apologize.

3 0
3 years ago
It may be argued that Japan's explicit promotion of its microchip industry was an excellent example of successful industrial pol
Nesterboy [21]

Answer:

Countries by and large use export appropriations to build up their specific industry particularly the one where they believe they have a similar favourable position. The instance of Japan is the same since it likewise utilized appropriations to its recently created microchip industry which was not being grown anyplace else on the planet. A specific mechanical approach is a fruitful when the modern development is expanded and the business generally turns into a develop one because of exchange and rivalry.  

Another important condition for the mechanical arrangement to be effective is that the business can create benefits in the territory in which the nation has a relative bit of leeway. Japan experienced development of its microchip industry so the primary condition was satisfied however the last condition was not on the grounds that different nations on the planet began utilizing microchip as a ware that drastically marked down its cost and expanded rivalry so the endeavour stayed a low benefit one. This suggests the legislature must have adequate data about the Industry that it will build the benefit of the segment wherein the nation has a relative favourable position.

4 0
3 years ago
atchley corporation’s last free cash flow was $1.55 million. the free cash flow growth rate is expected to be constant at 1.5% f
ira [324]

Atchley corporation’s last free cash flow was $1.55 million. the free cash flow growth rate is expected to be constant at 1.5% for 2 years, after which free cash flows are expected to grow at a rate of 8.0% forever. the firm's weighted average cost of capital (wacc) is 12.0%. The best estimate of the intrinsic stock price is $25.05.

What is free cash flows?

The amount by which a company's operating cash flow exceeds its demands for working capital and expenditures for fixed assets is known in corporate finance as free cash flow or free cash flow to firm.

Therefore,

The best estimate of the intrinsic stock price is $25.05.

To learn more about free cash flow from the given link:

brainly.com/question/15848997

3 0
2 years ago
Gina Morales had taxable income of $35,950 in 2020. She will file a return using the single filing status. Her income consisted
valina [46]

The applicable tax rate to Gina's qualified dividends is 0%.

Gina's qualified dividends of $2,000 are below the threshold for long-term capital rates of 15% and 20%.  Based on Gina's single filing status with a taxable income of $35,950, which falls under the 12% taxable income bracket, she will not be paying any tax on her qualified dividends.  But she must still disclose the qualified dividend income on her tax form.

Thus, the tax rate that applies to Gina's qualified dividends is 0%.

Learn more: brainly.com/question/14080241

3 0
3 years ago
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