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lapo4ka [179]
3 years ago
9

Suppose you were hired as a consultant for a company that wants to penetrate the Comp-XM market. This company wants to pursue a

niche cost leader strategy. From last year’s reports, which company would be the strongest competitor?
Business
1 answer:
klio [65]3 years ago
6 0

Answer:

Chester Company

Explanation:

Niche Cost Leader Strategy is to set the price for the products as lower than all the competitor's products and still be in profit. Thus by having set the lower prices than competitor's products in the market and achieving profit for the organization.

Chester Company is the strong competitor for the Niche Cost Leader Strategy company based on the given information, and the data as explained below.

  • There is very low change in the stock market price ($0.45) and very low variation in closing stock price for the Chester Company. This indicates that the company has stable market stock price.
  • Chester has lowest margins (35.8%) and lowest profits $3,144,115, as compared to other companies where as sales is high ($158,062,285), which is close to other companies of high sale value (Andrew - $211,593,184)
  • Profit of Chester is lowest as compared to other companies, though sale is good. This indicates that the product price is lower than others. Thus it is strong competitor for niche cost leader Strategy Company.
  • Production for the Chester Company is very high against the capacity of the company.

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Lorico [155]

Answer:

The answer is 'One product and multiple market segments'

Explanation:

The market segmentation strategy here is One product and multiple market segments.

The product is one product(the magazine story) and this one product (same story) covers 16 different regions of the U.S i.e the same product is selling in 17 market segments.

The advantage of this strategy is that it helps to avoid the additional costs of developing and producing additional versions of the product.

5 0
3 years ago
Analyze how taxes or emissions standards could reduce the economic inefficiency that arises in a competitive market with a negat
OverLord2011 [107]
Let's analyze in the case of manufacturer's emission that cause polution

Usually, these pollution-producing companies are regulated to pay several amount of money in order to rehabilitate the environment that caused by their harmful material.

This is really inefficient , if they have to repair it, why allow them to destroy the environment in the first place ?

That's how emission standards could reduce the inefficiency
7 0
3 years ago
If an organization with a corporate social responsibility (CSR) strategy is faced with heavy losses, it will______.
damaskus [11]

The organization will continue to try to balance profit and social goals.

The primary reasons why companies are in business is to make profit. However, a company must be responsible in terms of performing corporate social responsibility to the community where it operates.

Contributing to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented is what is meant by corporate social responsibility.

However, where an organization is faced with heavy losses, it must continue to balance profit and social goals. When the company makes profit, then salaries will be paid, social goals will be fulfilled.

learn more at : brainly.com/question/22395337

6 0
3 years ago
Cheapo Corporation sells products that are poorly made. Marcia, who has never bought a Cheapo product, files a suit against the
galina1969 [7]

Answer:

standing

Explanation:

Standing -

It refers to the situation , when the party who has filed the complaint on the court is not able to show any proof for the case filed , is referred to as standing .

It refers to the type of some medical report , any eye witness ,or any clue or proof against the other party , can be provided to the court .

Hence , from the given scenario of the question ,

The correct term is standing .

3 0
3 years ago
Slack, a collaboration hub that brings people together within organizations, strives to ensure that its products and people focu
Airida [17]

Answer:

mission statement

Explanation:

A company's mission statement defines the reason why the company exists; what is its business (what product or service they provide), its objectives (or goals) and how they will reach these objectives. It should also include who's needs they are satisfying (target market).

5 0
3 years ago
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