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const2013 [10]
3 years ago
11

which one of Porter's generic strategies is achieved by constructing efficient, large-scale facilities

Business
1 answer:
dem82 [27]3 years ago
3 0

Answer: Overall Cost Leadership

Explanation:

Porter posited that one way a company can attain a competitive advantage in an industry is by overall cost leadership.

This means that the company needs to be able to produce goods and services in a cheaper and more efficient way than its competitors because then it can sell its products for cheaper prices and capture more market share.

One way of achieving cost leadership is by constructing efficient, large-scale facilities that will enable the company to take advantage of economies of scale and achieve less costs per unit.

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Your younger sister needs $50 to buy a new bike. She has opened a lemonade stand to make the money she needs. She currently is c
AleksandrR [38]

The correct answer is: "I would recommend her not to increase the price, because with an elastic demand function this will cause a great decrease in the quantity demanded by consumers".

The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged decreases, the amount that consumers are willing to purchase increases. </u>

In turn, the elasticity of the demand function measures the sensitiveness of the quantity demanded by consumers when there is a certain price change. If the demand function is elastic it means that a price variation would generate an even larger variation (in the inverse direction of course!) in the quantity demanded. <u>This is the case of the lemonade stand therefore the girl should not increase prices because this will not help her to reach her objective quicke</u>r, as she would loss a greater proportion of units sold than the size of the price increase that would have allowed her to earn more per unit.

5 0
2 years ago
Salespeople receive a 7% commission on all items that they sell. Their sales for one day totaled $675. What was the amount of co
larisa [96]

Answer:

Its 47.25

Explanation:

7 0
2 years ago
Four candidates with the same qualification are interviewed for the position of sales representative. looking at the given chara
Tamiku [17]

A sales representative is a person who works for a particular brand or company and helps in selling the products or services of a company while at the same time representing the brand. The sales representative basically works by contacting the customer until the time the product is sold or the customer had made use of the service.

There are certain skills required by the sales representative like-

  • Communication skills- good communication skills are required by every sales representative, as it enable a person to represent his and his company’s views more efficiently.
  • Negotiation skills – these skills also ensure that you can make good relations with other big companies that widen your brand network.
  • Public skills – these will help you in better public speaking whenever you have to give presentations on a brand’s goals or views.
  • Organizational skills- as the workload is more you will need to organize yourself so you can complete your tasks on time.
  • Therefore, out of the four candidates, the person who has all these important skills will get selected in the interview for sure and moreover, and will surely impress his employer with these certain skills.

Learn more about Pre-approach selling process here-

brainly.com/question/25586322

#SPJ4

3 0
1 year ago
Question 27 (1 point)<br> The relationship between the amount of inputs and outputs is known as
lys-0071 [83]

Answer:

A production function

Explanation:

A production function shows the relationship between the physical quantity output and the input of a good produced. It is the technical relationship between the physical output and physical input of a good. The production function is expressed as a mathematical function that relates inputs in numbers and their effect on output numbers.

4 0
2 years ago
Which of the following examples is the best demonstration of a qualification profile?​
Ksju [112]

The correct answer is C. Highly motivated IT, college graduate, with software design internship. Experience with Java, XML, and HTML. Logical and systematic problem-solver; capable of independently troubleshooting and performing complex coding tasks.

Explanation:

Qualification profiles should mention the qualifications of a candidate for a specific job or position. This includes information about the education, skills, and even experiences of the individual. Moreover, a qualification profile should be brief and should be written using the third person.

All of these requirements are met only in option C because this includes information about education "IT college graduate", experience "experience with Java, XML..." and relevant skills for this job "problem-solver, capable of independently troubleshooting...". Also, this is brief but still includes more information about qualifications than other options. Finally, this is written using the third person as the author avoids the use of words such as "I".

6 0
2 years ago
Read 2 more answers
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