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dimulka [17.4K]
3 years ago
7

Which statement regarding competitive advantages is true? Select one: a. With an overall cost leadership strategy, firms need no

t be concerned with parity on differentiation. b. If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer. c. In the long run, a business with one or more competitive advantages is probably destined to earn normal profits. d. Attaining multiple types of competitive advantage is a recipe for failure.
Business
1 answer:
kifflom [539]3 years ago
6 0

Answer:

Letter b is correct.<u> If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.</u>

Explanation:

This statement is the most appropriate to answer this question about competitive advantages, because a competitive advantage can be described as a certain advantage that an organization has in relation to its competitors. Some of these advantages may be greater access to raw materials, more qualified labor, barriers to entry, geographic location, differentiation of products and services, etc.

Therefore, when several competitors adopt similar differentiation tactics, the consumer does not have enough attributes to differentiate one brand from another, so all competitors can be perceived as equal in the consumer's mind.

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When would a pie chart be an effective visualization?
liubo4ka [24]

The time when a pie chart would be an effective visualization is when trying to work out the composition of something.

<h3>What is a Pie Chart?</h3>

This refers to the visual representation that is used to show and interpret data for a group of people to show their preferences in a circular, pie form.

Hence, we can see that using a pie chart to make an effective visualization is good and it is appropriate to use when a person is trying to work out the composition of something.

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4 0
2 years ago
Under the ________ framework, producer surplus is important in the quest for competitive advantage because this is the profit th
Blizzard [7]

The scenario that explains when producer surplus is important in the quest for competitive advantage is the economic value creation framework.

<h3>What is economic value creation framework?</h3>

The economic value creation framework is a strategy about the creation of economic value.

Under the economic framework, producer surplus is important in the quest for competitive advantage because this is the profit that a firm captures when producing and selling a good or service.

Learn more about surplus on:

brainly.com/question/380921

4 0
2 years ago
Fiona works for an organization that needs concise data as well as detailed historical data for analysis from time to time. Whic
Rasek [7]

Answer:

Refer below.

Explanation:

Time-Variant :

Historical data is kept in a data warehouse. For instance, one can recover documents from 3 months, a half year, a year, or even past data from a data warehouse. These varieties with an exchanges framework, where regularly just the most current record is kept.

Subject-Oriented :

A data warehouse focus on the displaying and investigation of data for leaders. In this manner, data warehouses regularly give a compact and clear view around a specific subject, for example, client, item, or deals, rather than the worldwide association's progressing activities. This is finished by barring data that are not valuable concerning the subject and including all data required by the clients to comprehend the subject.

8 0
3 years ago
Read 2 more answers
In a fuel economy study, each of 3 race cars is tested using 5 different brands of gasoline at 7 test sites located in different
romanna [79]

Answer:

210

Explanation:

  • The number of race cars = N₁ = 3
  • The number of gasoline brands = N₂ = 5
  • The number of test sites = N₃ = 7
  • The number of drivers that participated = N₄ = 2

This study must include each N₁, and it has to be done at each N₃, using each N₂, while carried out by each N₄ ⇒ that means that the total number of possibilities:

N₁ x N₃ x N₂ x N₄ = 3 x 7 x 5 x 2 = 210

The total number of test runs is 210.

4 0
3 years ago
It the end of the accounting period on December 31, 2022, Rose Industries records wages payable of $42,500. For the same account
elena-14-01-66 [18.8K]

The end of the accounting period fell on a payday for Romero Industries but not for Rose Industries.

Explanation:

Unpaid wages are normally the percentages paid to hourly employees but not yet charged to employers.

According to the cumulative basis of accounting, outstanding wages received by workers but not yet deposited in their accounts must, through an accrual change entry to be entered or recorded:

  • Debit Wages Expense
  • Credit Wages Payable or credit Accrued Wages Payable

Expense of wages is an account of income statement. Wages Payable or Accrued Wages Payable is a current account with a balance sheet account documentation.

4 0
3 years ago
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