1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
posledela
3 years ago
12

A bank provides its customers mobile applications that significantly simplify traditional banking activities. For example, a cus

tomer can use a smart phone to take a picture of a check and electronically deposit into an account. This unique service demonstrates the bank's desire to practice which one of Porter's strategies?
Business
1 answer:
damaskus [11]3 years ago
6 0

Answer:

The correct answer would be Differentiation Strategy.

Explanation:

There are three generic strategies of Porter. One is Cost Leadership, other is Differentiation and the last one is Focus.

Among these strategies, Differentiation is the strategy which is used by the bank in this question. Differentiation is a strategy used by the companies to make them unique in the industry through some dimensions which are highly valued by the customers or clients of that company. For Example in this question, the bank provides the facility of transferring money in an account by just snapping a shot of check and depositing it into that account. This feature make them unique in the banking sector. So this is called the differentiation strategy.  

You might be interested in
True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
goldenfox [79]
A.( true because of each year
7 0
3 years ago
Read 2 more answers
If the production of a product or service involves external benefits, then the government can improve efficiency in the market b
gavmur [86]

Answer:

Providing a subsidy to correct for an underallocation of resources.

Explanation:

In Economics, subsidy can be defined as the amount of money or benefits such as tax reduction given by the government to sellers in order to sustain production and enable the buy to continuously purchase the product.

If the production of a product or service involves external benefits, then the government can improve efficiency in the market by providing a subsidy to correct for an underallocation of resources such as capital, land and labor used for production of these products.

4 0
3 years ago
Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the matur
laiz [17]
Is this a real question just curious
4 0
4 years ago
Read 2 more answers
If a human resources manager estimates the probability that a certain percentage of employees will take advantage of a proposed
azamat

Answer:

The correct Answer is "Estimation"

Explanation:

By utilizing the probability that the certain amount of workers will deal with advantage plan administrator working under the state of estimation. In which he use probability that specific measure of individuals will participate in that specific arrangement and expect interest rate of workers.

8 0
3 years ago
In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,
IrinaK [193]

Answer:

a. Premium

b. Discount

c. Discount

Explanation:

a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 7% - 6% = 1% premium

Therefore, Valley's bond will sell at a premium.

b. Spring issued $220,000 of bonds with a stated interest rate of 5 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, Spring's bond will sell at a discount.

c. River Inc. issued $150,000 of callable bonds with a stated interest rate of 5 percent. The bonds were callable at 102. At the date of issue, the market rate of interest was 6 percent for similar investments.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, River Inc.'s bond will sell at a discount.

3 0
3 years ago
Other questions:
  • When a company collects the face value of a​ long-term investment in bonds at​ maturity, ________.
    8·1 answer
  • The set of business activities that add value to the end product is referred to as __________, in which information flows throug
    13·1 answer
  • Which of the following should be pracited among all co workers in the workplace
    11·1 answer
  • Southern Food Service operates six restaurants in the Atlanta area. The company pays rent of $20,000 per year for each shop. The
    11·1 answer
  • How do comparative advantage and absolute advantage differ?
    14·1 answer
  • Cash receipts $40,000Beginning cash balance $10,000Cash Payments $48,000Desired ending cash balance $7,000If there is a cash sho
    5·1 answer
  • A company uses negotiated transfer prices between divisions. All of the following are advantages for this type of transfer prici
    5·1 answer
  • The FED is often referred to as the "_________________" Bank.
    15·1 answer
  • what occurs when the free market is not able to allocate resources and goods and services efficiently​
    14·1 answer
  • What are the benefits and advantages of members when joining organizations like UNWTO, PATA, or ASIANTA?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!