Its achieve by preserving what is distinct about the company.
Strategic positioning is basically an effort made by an organization in order to distinguishes itself in a valuable way from its competitors and delivers value to clients in way different from others.
- According to Porter, he states that a "company's relative position within its industry matters for performance".
- A proper strategic positioning have a way of influencing how customers perceive a product in relation with other competitors product.
In conclusion, this type of positioning helps to achieve sustainable competitive advantage by preserving what is distinct about the company.
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Answer:
Fixed costs= 1,100,000
Explanation:
Giving the following information:
During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pretax income was $400,000.
We need to reverse engineer the income statement to determine the total fixed costs. We know that the pretax income is the difference between the total contribution margin and the fixed costs.
Pretax= total contribution margin - fixed costs
400,000= 1,500,000 - FC
Fixed costs= 1,500,000 - 400,000
Fixed costs= 1,100,000
Answer: Option (A) is correct.
Explanation:
If the government wishes to increase the level of real GDP, it might reduce <u>Taxes.</u>
This is due to the fact that if government reduces the transfer payment, size of budget deficit or its purchases of goods and services then as a result the level of real GDP deceases because of lower aggregate demand for the product.
Now, if government reduces the taxes, this will increase the individual's disposable income. So, this will results in higher aggregate demand and hence, increases the level of real GDP.
Answer:
Correct option is (d)
Explanation:
Welfare economics deals with the study of distribution of resources affect the overall welfare of the society and economy as a whole.
It is a part of economics that studies the role of government in aligning policies for the welfare of the society and ensuring that every section of the society is equally developed.
The concept was developed as inequality in distribution of wealth and resources was observed across different sections of the economy. Poor was becoming poorer and rich, becoming richer. This hampered overall growth of the economy, thereby giving birth to welfare economics.
Answer: strategic planning
Explanation:
A planning concerned with long-range decisions such as defining the scope of business is referred to as the strategic planning.
Strategic planning helps in giving a business or an organization a direction which is required in knowing where the company is presently and where the company intends going.
The strategic plan shows the visions,, missions, of the organization and the necessary steps that such organization will take to achieve its goals.
