Answer:
The correct answer is B) whether it is easy or inexpensive for rivals to copy the low-cost leader's methods or otherwise match its low costs.
Explanation:
A cost advantage is where a business is able to produce its output at a lower cost compared to its competitors. It can result due to different factors such as superior technology, more effective processes, and lower resource costs.
The value of a leader's cost advantage depends on how easily the rival businesses can copy its methods to reduce their own costs. If the rival businesses can easily copy these methods, then their own costs shall also reduce and the leader's cost advantage shall cease to exist.
If, however, the methods cannot easily be adopted by other businesses, then the leader's cost advantage remains effective and highly valuable. This corresponds to option B.
A business planning strategy comprising growth projection and financial development. This involves developing a sound pre-implementation plan and implementation strategy to raise product sales and awareness through promotion and sustaining growth.
Networking is the exchange of information and ideas among people with a common profession or special interest, usually in an informal social setting. It is used by professionals to expand their circles of acquaintances, to find out about job opportunities in their fields, and to increase their awareness of news and trends in their fields or in the greater world.
Answer: Income = 8p - 500
Explanation:
The revenue they will make is the quanitity which p multiplied by the price they will sell the pumpkins for which is $8.
The income will then be Revenue - expenses which is the $500 fee.
The expression therefore is;
Income = 8p - 500